The increase in global memory prices in the third quarter was still serious. According to Morgan Stanley's latest forecast, the price of mature DRAMs such as DDR4 will rise by 50% in the third quarter of 2026, and will rise by another 10% in the fourth quarter. Morgan Stanley said that the tight supply situation for mature DRAM and NAND chips is about to worsen. The main reason for this situation is a shift in production capacity on the supply side, and memory manufacturers are continuing to shift production capacity to HBM, DDR5, and higher layers of NAND flash memory. However, the retail price of the new DDR5 chip showed no sign of cooling down. According to Bank of America data, in August, the spot price of the DDR5-5600/6400 24GB rose 8% month-on-month, up as much as 483% year-on-year. Damo also stressed that the price increase for SLC NAND flash memory is likely to be more aggressive, and the agency expects the category to rise 50% each quarter for the remaining two quarters of the year.

The increase in global memory prices in the third quarter was still serious. According to Morgan Stanley's latest forecast, the price of mature DRAMs such as DDR4 will rise by 50% in the third quarter of 2026, and will rise by another 10% in the fourth quarter. Morgan Stanley said that the tight supply situation for mature DRAM and NAND chips is about to worsen. The main reason for this situation is a shift in production capacity on the supply side, and memory manufacturers are continuing to shift production capacity to HBM, DDR5, and higher layers of NAND flash memory. However, the retail price of the new DDR5 chip showed no sign of cooling down. According to Bank of America data, in August, the spot price of the DDR5-5600/6400 24GB rose 8% month-on-month, up as much as 483% year-on-year. Damo also stressed that the price increase for SLC NAND flash memory is likely to be more aggressive, and the agency expects the category to rise 50% each quarter for the remaining two quarters of the year.