morgan: From 2027, we expect ASICs (48% of total HBM bit demand) to take over Nvidia's position (43%) with a substantial system unit sales increase (ASICs: +102

morgan: From 2027, we expect ASICs (48% of total HBM bit demand) to take over Nvidia's position (43%) with a substantial system unit sales increase (ASICs: +102% y-y vs. .P. Morgan) print on the tape: put · $1.57M · 380.0 strike · 2026-09-25 $AVGO