BofA Reiterates Memory Supercycle, Raises NAND ASP Forecasts

Bullish

What Happened

Bank of America published a note on global memory technology, highlighting Samsung's Q3 earnings that confirmed a memory supercycle, and raised its NAND ASP assumptions for 2026-28 by 4%.

Bottom Line

BofA remains bullish on the memory sector, citing strong pricing, tight supply, and AI-driven demand, with Samsung as a key beneficiary.

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