JPMorgan's latest report extends storage demand expectations—still can't catch up by 2029-2030! 1. The bottom is behind us The giants are leading the charge! NVDA, MSFT, and Meta are driving the market higher, with the S&P 500 hitting new highs. The AI-driven storage windfall is just getting started. 2. It's a seller's market now Big companies are throwing money around but still can't secure enough supply. MU, $005930.KS, and SKHY are sitting on long-term orders, and they get to name their price. 3. China won't shake things up in the short term—tech barriers are 2-3 years high! While China is catching up, when it comes to the most critical high-end HBM, the big three still hold a significant tech advantage, keeping their position rock solid.