Morgan Stanley: No signs of slowing growth for storage companies.

Morgan Stanley analysts say that despite investors' concerns that memory companies have reached their peak, these companies still have a lot of room for growth. While Wall Street lacks confidence in the long-term growth of these companies, these analysts believe that there is a significant bottleneck in memory supply, which will continue to drive up prices. These analysts point out that AI is consuming a large amount of memory, to the point where there is not enough memory left for other industries, and it is affecting the production of personal computers and smartphones. The analysts said, "We do not believe that an 81% gross margin is the new normal, but it is also difficult to see it deteriorating in the next few quarters - or even in the next two years."