Storing real intentions is starting to enter the second half—there are now signs of a coming froth🧐
《The Information》's latest report says lending institutions are studying new financing instruments.
The plan is that financial capital would first buy up storage capacity, then resell that capacity to the actual customers who need it, profiting in the process.
However, whether the capacity can be freely resold is not yet determined.
Storage is gradually shifting from an industrial input to an asset that can be financed.
That’s a lot like data centers.
In the past, companies rented servers on an as-needed basis. Now, to ensure AI computing power, more and more contracts require upfront payments.
In NBIS’s second quarter, about 70% of newly signed contracts already require customers to pay in advance.
But once capacity starts to be financialized, it can create a kind of intermediary bubble.
《The Information》 even mentioned that executives from chip companies were at an event, where someone proactively tried to sell “HBM that’s already ready in the warehouse,” saying it could be delivered immediately.
That’s a very early signal worth watching.
So next, beyond watching the prices, we also need to see who is buying storage capacity—are they the end customers, or are they financial institutions?
$MU $DRAM $SKHY
《The Information》's latest report says lending institutions are studying new financing instruments.
The plan is that financial capital would first buy up storage capacity, then resell that capacity to the actual customers who need it, profiting in the process.
However, whether the capacity can be freely resold is not yet determined.
Storage is gradually shifting from an industrial input to an asset that can be financed.
That’s a lot like data centers.
In the past, companies rented servers on an as-needed basis. Now, to ensure AI computing power, more and more contracts require upfront payments.
In NBIS’s second quarter, about 70% of newly signed contracts already require customers to pay in advance.
But once capacity starts to be financialized, it can create a kind of intermediary bubble.
《The Information》 even mentioned that executives from chip companies were at an event, where someone proactively tried to sell “HBM that’s already ready in the warehouse,” saying it could be delivered immediately.
That’s a very early signal worth watching.
So next, beyond watching the prices, we also need to see who is buying storage capacity—are they the end customers, or are they financial institutions?
$MU $DRAM $SKHY