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Jul 1 at 01:15 PM
Morgan Stanley: Memory Pricing
> π 3Q26 DRAM Outlook: TrendForce forecasts a 13β18% QoQ conventional DRAM price hike, perfectly matching GS estimates (+16% for Samsung).> π» PC & Server Strength: PC DRAM expected up 15β20% QoQ as OEMs aggressively build inventory. Server DRAM tracking up 13β18% QoQ, fueled by a widening DDR5 premium (now 22% over DDR4).> π± Mobile DRAM Cooling: Expected up 8β13% QoQ. A noticeable cooldown from massive 2Q spikes (73β85%) as suppliers ease hikes to support consumer electronics supply chains.> β οΈ NAND Falling Short: TrendForce projects a 10β15% QoQ increaseβmissing Goldman's +21% estimate. While Enterprise SSDs hold strong (+18β23%), consumer NAND (eMMC/UFS) is soft at +5β10%.> π Spot vs. Contract: Spot market continues to lead. DDR5 16Gb spot carries a 17% premium over contract, while older DDR4 8Gb spot sits at a steep 38% premium.The copyright of this article belongs to the original author/organization.
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