Jake Silverman

Memory chipmakers, including Micron, SK Hynix, Samsung, and SanDisk, are benefiting from strong AI-driven demand that has driven DRAM and NAND pricing higher. Structural undersupply exists because of underinvestment in capacity during the previous downturn and long lead times for building new fabs. Pricing will decelerate but remain elevated, and the supply-demand imbalance is expected to persist for the next 12-24 months, assuming AI demand continues at its current pace. This creates a favorable environment for all major memory manufacturers, with a rising tide lifting all boats.

Memory chipmakers, including Micron, SK Hynix, Samsung, and SanDisk, are benefiting from strong AI-driven demand that has driven DRAM and NAND pricing higher. Structural undersupply exists because of underinvestment in capacity during the previous downturn and long lead times for building new fabs. Pricing will decelerate but remain elevated, and the supply-demand imbalance is expected to persist for the next 12-24 months, assuming AI demand continues at its current pace. This creates a favorable environment for all major memory manufacturers, with a rising tide lifting all boats.

Memory chipmakers, including Micron, SK Hynix, Samsung, and SanDisk, are benefiting from strong AI-driven demand that has driven DRAM and NAND pricing higher. Structural undersupply exists because of underinvestment in capacity during the previous downturn and long lead times for building new fabs. Pricing will decelerate but remain elevated, and the supply-demand imbalance is expected to persist for the next 12-24 months, assuming AI demand continues at its current pace. This creates a favorable environment for all major memory manufacturers, with a rising tide lifting all boats.

Memory chipmakers, including Micron, SK Hynix, Samsung, and SanDisk, are benefiting from strong AI-driven demand that has driven DRAM and NAND pricing higher. Structural undersupply exists because of underinvestment in capacity during the previous downturn and long lead times for building new fabs. Pricing will decelerate but remain elevated, and the supply-demand imbalance is expected to persist for the next 12-24 months, assuming AI demand continues at its current pace. This creates a favorable environment for all major memory manufacturers, with a rising tide lifting all boats.

The DRAM memory chip cycle is in an extended boom phase driven by AI demand, specifically for high-bandwidth memory, which is causing supply constraints and price increases. The market is dominated by a few key players like SK Hynix, Samsung, and Micron, and the DRAM ETF provides concentrated exposure to this trend, with the industry expected to grow from $75B to $135B in two years.