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Deep & Emerging Tech·July 10, 2026·1 min read

Thornburg's Di Zhou Sees Memory Supercycle

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Calling a "memory supercycle" with SK Hynix as a core holding underscores how central HBM and DRAM have become to the AI trade. Infra buyers should expect investors to reward capacity expansion and long-term offtake deals, which may lock in pricing power upstream.