Jul. 21 at 2:50 PM
Memory market remains tight.
• DRAM outlook continues improving. Counterpoint expects Q3 DRAM prices up 20% QoQ, while TrendForce sees 13-18%. Morgan Stanley also raised PC DRAM estimates to 15-20%.
• SK Hynix confirmed ongoing supply constraints. Samsung is reportedly targeting another DRAM price hike, with LPDDR potentially rising over 20%.
• HBM is absorbing more wafer capacity, limiting conventional DRAM supply. TrendForce expects HBM to consume 22% of DRAM wafer input in 2026.
• NAND is also tightening, with potential upside for
$MU,
$SNDK, Kioxia and
$SIMO.
Micron’s Hiroshima expansion further highlights long-term investment in DRAM and HBM.
