Ban Seng

We believe the market consumption is growing at a rate of 20% to 25% a year over the next few years. Storage is the foundation for all AI applications, and more than 80% of this storage is actually stored on disk drives. The market is heavily focused on AI chips (GPUs), but the massive data creation from AI inferencing and agentic AI requires physical storage. Hardware storage providers will see sustained, multi-year revenue growth and stable pricing power as they release higher-density drives to meet this unavoidable enterprise demand. LONG because data storage is a mandatory, high-growth derivative play on the broader AI infrastructure build-out. Supply chain disruptions involving critical materials (like helium) or a sudden pullback in enterprise AI capital expenditures.

We believe the market consumption is growing at a rate of 20% to 25% a year over the next few years. Storage is the foundation for all AI applications, and more than 80% of this storage is actually stored on disk drives. The market is heavily focused on AI chips (GPUs), but the massive data creation from AI inferencing and agentic AI requires physical storage. Hardware storage providers will see sustained, multi-year revenue growth and stable pricing power as they release higher-density drives to meet this unavoidable enterprise demand. LONG because data storage is a mandatory, high-growth derivative play on the broader AI infrastructure build-out. Supply chain disruptions involving critical materials (like helium) or a sudden pullback in enterprise AI capital expenditures.