M15X and Yongin capacity vs Samsung ramp — who keeps Nvidia allocation.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Read online   AI ARMS RACE THE CLOSE · WEDNESDAY Knox Bennett, Lead Strategist, Strategic Compute · September 23, 2026   TONIGHT'S BEAT — MEMORY / ALLOCATION SK hynix is racing for HBM tons. Pricing power is the fight. M15X and Yongin capacity are the defense. Samsung is adding tons too. Demand is still projected to outrun supply — and HBM4 prices may jump ~65% next year. Businesskorea reports Samsung and SK hynix are both accelerating HBM production. SK hynix is lifting M15X toward roughly 80,000 wafers a month and pulling Yongin's first cleanroom forward. Coverage still puts next-year HBM demand growth near 56% above supply growth near 50%, with HBM4 prices potentially ~65% higher YoY. Who keeps Nvidia and AMD allocation when Samsung tons arrive — and can SK hynix defend scarcity pricing? See the capacity race numbers →     BUBBLE GAUGE 72 · EUPHORIA · flat Val 13e · Circ 18 · Cred 18 · Froth 12e · Phys 11 · Wed sessionless.       FROM OUR PARTNERS     Anthropic’s $65 Billion Surge: One backdoor got there first Most investors are waiting for the IPO. This backdoor is already trading. See the Briefing Paid advertisement from Oxford. Not investment advice.   Who benefits: memory makers collecting scarcity rent, and customers with multi-year HBM contracts. Who is exposed: AI accelerator programs still waiting on qualified HBM, and SK hynix margins if Samsung's ramp softens pricing power. What could prove this wrong: a faster Samsung ramp, a demand miss, or Yongin slipping.     ADVERTISEMENT Ten Dividend Growers Built for a Lower-Rate Market Companies with a long record of raising payouts while creating value for shareholders. Download the Free Report Paid advertisement from MarketBeat. Not investment advice.       THE LONG GAME Every accelerator roadmap that adds HBM per GPU tightens the same market the fabs are racing to expand. Allocation still decides which AI program ships on schedule.       MUST READS       Only 3% of US Companies Have Adopted AI. What Happens at 30%? Everything so far happened at three percent adoption. The stocks that won the first 3% are not the ones that win the next 97%.       The Seven Stocks You May Never Need to Sell Fortress balance sheets, long dividend histories, and resilience through bull and bear markets.       A $24 Trillion AI Opportunity — Bigger Than China Four of the world's richest men are pointed at the same thing, and NVIDIA's own CEO is saying it out loud.   — Knox Bennett, Lead Strategist, Strategic Compute This email may contain paid advertisements and affiliate links. AI Arms Race · Guardian Financial Publishing Privacy Policy · Terms · Disclaimer   © 2026 Stable Financial Publishing 1013 Centre Road Suite 403-D Wilmington, DE 19805, United States Unsubscribe Powered by beehiiv