$GOOGL reportedly in talks to lock in memory supply agreements through 2035, per KeyBanc channel checks. This is a big signal for HBM and memory durability.
Samsung already has 70% of capacity allocated through 2031. If hyperscalers are extending long-term agreements (LTAs) this far out, it suggests the AI infrastructure buildout isn't slowing down — and memory suppliers like $MU and $SKHY could see sustained pricing power and volume visibility.
KeyBanc also expects HBM prices to rise 80-100% by Q1 2027. If capacity is locked in via LTAs through the mid-2030s, that removes a lot of cyclical risk and supports the bull case for memory stocks.
This isn't just about one quarter of earnings beats. It's about structural demand visibility in a supply-constrained market. If you've been worried about a memory glut or pricing collapse, this data point cuts the other way.
Samsung already has 70% of capacity allocated through 2031. If hyperscalers are extending long-term agreements (LTAs) this far out, it suggests the AI infrastructure buildout isn't slowing down — and memory suppliers like $MU and $SKHY could see sustained pricing power and volume visibility.
KeyBanc also expects HBM prices to rise 80-100% by Q1 2027. If capacity is locked in via LTAs through the mid-2030s, that removes a lot of cyclical risk and supports the bull case for memory stocks.
This isn't just about one quarter of earnings beats. It's about structural demand visibility in a supply-constrained market. If you've been worried about a memory glut or pricing collapse, this data point cuts the other way.