Morgan Stanley: HDD spot prices are 4 to 7 cents per GB, yet the market is pricing them at peak levels.
Source：
www.techflowpost.com
Morgan Stanley assesses that the market's 8x P/E multiple for HDDs implies a cycle peak in FY28, which is overly punitive; spot prices of 4 to 7 cents/GB and a 400EB supply shortfall in CY27/CY28 do not support a peak.
