JP Morgan Research: DRAM and NAND average selling price changes start hitting the brakes around late 2026 to early 2027.
Rohan Paul Twitter · Rohan Paul (@rohanpaul_ai) · 2026-05-30
JP Morgan Research forecasts that DRAM and NAND average selling price growth will slow significantly starting in late 2026 to early 2027, as AI-driven demand for high-bandwidth memory cannot override the semiconductor market's fundamental supply cycles.
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Extraction
Topics: semiconductor-marketmemory-chipsai-infrastructuremarket-forecast
Claims
- JP Morgan Research predicts DRAM and NAND average selling price growth will decelerate beginning in late 2026 to early 2027.
- AI demand significantly altered the demand story for high-bandwidth memory and advanced servers in 2025-2026.
- AI-driven demand has not changed the underlying supply-cycle physics of the memory market, meaning price softening will still occur.
Key quotes
JP Morgan Research: DRAM and NAND average selling price changes start hitting the brakes around late 2026 to early 2027.
AI has hugely changed the demand story in 2025-26 for high-bandwidth memory and advanced servers, but it has not changed the basic physics of the memory market.