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2026-09-23

UBS: DRAM Contract Prices Up 766% and NAND Up 471% This Cycle, Rising Into End-2027

UBS: DRAM Contract Prices Up 766% and NAND Up 471% This Cycle, Rising Into End-2027

Key points

DRAM and NAND contract pricing cycles (UBS) | DRAM +766% over 13 quarters and NAND +471% over 9 quarters, with gains projected into end-2027

Image source: @pequityresearch