Meta Platforms(US:META) Zhi Tong Cai Jing·2026-01-29 07:09Core Insights - Major tech companies are showing no signs of reducing AI spending, driving growth for hardware suppliers like Samsung and SK Hynix [1] - Meta has announced a significant spending plan of up to $135 billion this year, the largest in the business sector, prompting suppliers to increase capital expenditures [1] - The demand for AI hardware is robust and expected to continue until 2026, as highlighted by recent earnings reports from industry giants [1] Group 1: Company Performance - Samsung and SK Hynix, key manufacturers of storage chips for AI accelerators, have seen profits increase several times over [2] - Samsung's chip division reported a fivefold profit increase, exceeding analyst expectations, and announced a stock buyback of 3.57 trillion won along with a special dividend [4] - SK Hynix plans to significantly increase capital expenditures to meet the rising demand for high bandwidth memory (HBM) [3] Group 2: Market Dynamics - The surge in demand for AI is exacerbating the global chip supply-demand imbalance, affecting various industries from smartphones to automotive manufacturing [2] - The shift towards producing high bandwidth memory (HBM) is reducing supply for consumer electronics, potentially leading to price increases for personal computer manufacturers [3] - Companies like Microsoft are experiencing slower growth in cloud revenue, raising concerns about the sustainability of AI demand despite increased capital expenditures [3] Group 3: Future Outlook - The competition for the next generation HBM4 is intensifying, with Samsung set to ship its new product in February, aiming to catch up with SK Hynix [3][7] - Samsung's contract chip manufacturing business is expected to see a 130% increase in orders for 2nm technology by 2026, indicating strong future growth prospects [7]