Jefferies Sees RAM Prices Jump 40%-50% in Q3 as AI Demand Extends Crunch to 2027

3 articles · Updated · Kotaku · Jun 28

Jefferies expects RAM prices to climb 40%-50% in Q3 2026, then another 30%-40% in Q4, with a further 40%-45% increase projected for 2027.
AI-driven buying by hyperscalers and structural supply constraints are keeping the memory market tight, leaving analysts with little visibility on when supply can catch up.
Micron said tight conditions should persist beyond 2027, while Lenovo presented data suggesting added manufacturing capacity will barely dent demand and that higher memory prices could become the new normal.
A 15%-20% price drop in 2028 is the main relief Jefferies sees, but that would still leave PCs, consoles and other devices far more expensive heading into 2029.

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