Market sentiment vs. industry reality
SK's chief draws a line between financial exuberance and operational demand. Even if equities cool, the underlying AI infrastructure cycle especially memory and HBM continues tightening.
Why he's confident in the fundamentals
- AI models keep scaling, and memory supply remains the new bottleneck, ensuring strong pricing power.
- Corporate AI adoption curves are still in early innings, leaving significant growth runway.
Implications for the ecosystem
A correction could benefit buyers of compute and memory contracts, potentially opening room for long-term pricing reset and more sustainable deployment planning.