UBS now expects sharper second-half quarter-on-quarter gains in DRAM and NAND prices, with stronger AI-driven memory demand seen extending supply tightness across key chip markets.
UBS has raised its price forecasts for DRAM and NAND, with Citrini analyst Jukan saying on X that the bank now expects stronger quarter-on-quarter gains in the second half. UBS forecasts DRAM prices to rise 32% in Q3 and 18% in Q4, while NAND prices are expected to increase 30% in Q3 and 12% in Q4. The updated outlook suggests firmer pricing momentum as AI-driven memory demand keeps supply conditions tight, with potential implications for technology infrastructure costs and investor positioning across the sector.