Kimi K3 reportedly has ~2.8T parameters, making memory the first major beneficiary as HBM and server DRAM are loaded for every request

Kimi K3 is reported to have ~2.8 trillion parameters, requiring the model to be fully loaded across HBM, server DRAM, and storage for each request. SK Hynix is best positioned due to its HBM leadership, while Micron offers greater earnings sensitivity as it gains HBM share.

• HBM
• 美光
• SK海力士
• Kimi K3
• 大模型参数
• 内存需求