Bernstein: Giá DRAM có thể tiếp tục tăng trong năm 2027, HBM đối mặt với áp lực thu hẹp khoảng cách doanh thu

The Huoxing Caijing report states that on June 22, Bernstein analysts indicated in a report that conventional DRAM prices, after rising approximately 4.5 times from Q3 2025 to Q2 2026, may continue to rise in 2027. As a result, the current average selling price per bit of conventional DRAM has already reached parity with, or may even exceed, that of high-bandwidth memory (HBM). Bernstein noted that, considering higher bit density and yield, the revenue per wafer for conventional DRAM this year could be double that of HBM, with significantly higher profit margins. The firm estimates that HBM prices would need to increase by another threefold to match conventional DRAM in terms of revenue per wafer. However, memory chip manufacturers may not aggressively raise HBM prices, as they recognize that excessively high HBM costs could hinder the development of the entire AI ecosystem and ultimately suppress memory demand.