Bernstein sees further memory price surge in Q2 '26, with DRAM and NAND prices are set for another sharp increase, driven by strong server and storage demand; although, price gains are expected to slow in Q3 as focus shifts to long-term contracts
- Supply remains tight, but higher spot prices are starting to weaken consumer demand, forcing some buyers to cut orders.
- Bernstein still sees memory prices staying strong into 2027 before gradually normalizing from late 2027 into 2028.
Context
Bernstein's outlook suggests that while demand for memory products like DRAM and NAND will drive prices higher in the near term, tightening supply is contributing to elevated spot prices that may dampen consumer demand. This indicates a potential pivot in market dynamics as the focus shifts to long-term contracts, which could stabilize prices beyond Q2 2026. Traders should watch for volatility in memory-related equities and consider the implications for tech sector stocks and broader supply chain trends.
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