UBS doubles Q3 DRAM price forecast to 32% as memory demand outpaces supply through 2027
AI Market Summary
UBS sharply raised Q3 memory price expectations (DRAM +32% q/q; NAND +30%), reinforcing TrendForce's view that shortages persist. The projected widening demand-supply gap (2027 demand +36.2% vs supply +19.3%) implies sustained tightness into 2028, supporting revenue and margin expectations for memory manufacturers and related sector baskets. Near-term focus is likely on contract pricing updates and hyperscaler capex funding dynamics.
Impact level
● Medium
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NCSKSKHYNIX2USD/USDT+10.71%
AI Insight · NCSKSKHYNIX2USD/USDTAI Insight
▲ Bullish
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UBS raised its forecast for the sequential increase in DRAM prices in Q3 to 32% from 17%, and lifted its Q3 NAND price estimate to 30% from 17%. TrendForce also expects DRAM prices to rise 18% sequentially in Q3 and NAND to gain 15%. UBS said the supply-demand gap is widening, with 2027 demand projected to grow 36.2% versus supply growth of 19.3%, keeping the market constrained into Q2 2028.
