---
title: "Global memory shortage tightening; Goldman predicts high earnings & margins for players. Expect 2026-27 DRAM undersupply at 4.9%, NAND at 4.2%. Server memory to dominate DRAM demand, surpassing 50% by 2027. Personal computers, smartphones growth slowing due to high component costs. Enterprise storage demand rising."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275351022.md"
description: "Goldman Sachs analyst Giuni Lee forecasts a tightening memory chip market, particularly in DRAM and NAND, with projected undersupply of 4.9% for DRAM and 4.2% for NAND in 2026-27. Server memory demand is expected to exceed 50% of DRAM usage, driven by AI servers and data centers. Meanwhile, growth in personal computers and smartphones is slowing due to high component costs, although enterprise storage demand is on the rise."
datetime: "2026-02-09T17:54:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275351022.md)
  - [en](https://longbridge.com/en/news/275351022.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275351022.md)
generator: "portal-rs"
---

# Global memory shortage tightening; Goldman predicts high earnings & margins for players. Expect 2026-27 DRAM undersupply at 4.9%, NAND at 4.2%. Server memory to dominate DRAM demand, surpassing 50% by 2027. Personal computers, smartphones growth slowing due to high component costs. Enterprise storage demand rising.

Goldman Sachs analyst Giuni Lee predicts a tightening memory chip market, particularly in DRAM, NAND, and high-bandwidth memory (HBM), leading to high earnings and margins for players in the sector. The undersupply in 2026-27 for DRAM is projected at 4.9% and 2.5%, and for NAND at about 4.2% and 2.1%, the most severe in over 15 years. Server memory, driven by AI servers and data centers, will account for over 50% of DRAM demand in 2026-27, while growth in personal computers and smartphones is slowing due to higher costs. Enterprise storage demand is rising, according to Goldman Sachs.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**