[Morgan Stanley Says Meta's In-House GPU Service Reflects Shortages, DRAM Shortage Extends to Early 2028] According to TrendForce Research, Morgan Stanley analysts believe that Meta's development of internal cloud services is a move driven by GPU shortages. Data from SIA in May shows that DRAM monthly growth increased by 54.8%, NAND prices surged by 281.6%, and chip company inventories are down to just 114 days. The report predicts GPU shortages will last until the end of 2027, with DRAM shortages extending to early 2028.