An expert from Counterpoint Research predicts the memory bottleneck, driven by AI demand, will persist until at least 2028, despite major manufacturers expanding capacity. This delay in supply relief is expected to keep conventional DRAM prices high and benefit key memory producers in the near term.
The filing highlights that the AI boom is creating a prolonged memory bottleneck, with supply relief not expected until 2028 at the earliest, according to Counterpoint Research. This is due to demand outstripping supply for both HBM and conventional DRAM, pushing prices higher. Samsung, SK Hynix, and Micron are expanding production, but the synchronized impact of this new capacity is years away. This situation is positive for these memory manufacturers in the short to medium term, as it implies sustained high prices and strong revenue growth. The primary risk identified is a potential downturn in AI capital expenditure, which could reverse memory prices.