Nomura Securities: Storage chip demand will continue to grow rapidly until 2028, AI investment prospects are overly worried

Nomura Securities forecasts that global storage chip demand will remain rapidly growing before 2028, listing Samsung Electronics and SK Hynix as key recommended stocks with 'Buy' ratings, with target prices of 3,380 RMB and 23,712 RMB respectively. The firm believes the market is overly concerned about AI investment prospects, estimating that OpenAI and Anthropic will have combined revenue growth of 507% in the third quarter of this year, and that storage chip demand will continue to outpace supply growth.