<p>➀ NAND manufacturers are often overlooked in the AI boom despite their role in storage.</p><p>➁ The demand for DRAM, especially HBM, in AI computing far outstrips that for NAND, which is primarily used for secondary storage.</p><p>➂ The NAND market has experienced ups and downs, with a surge in demand for enterprise SSDs driven by AI servers and a decline in consumer demand.</p><p>➃ SanDisk's HBF technology offers a potential new direction for NAND, providing high bandwidth and capacity for AI inference applications.</p><p>➄ NAND manufacturers are exploring other avenues, such as increasing storage density and optimizing production capacity, to adapt to the AI market.</p>