DRAM prices may finally fall by late 2028, forecasts suggest

TrendForce and JP Morgan expect DRAM supply to overtake demand by 2–3% in 2028. Bernstein sees SK hynix's average DRAM price dropping from $2.23 to $1.05 per GB by late 2028, though makers may limit how much of that reaches retail.

• TrendForce: DRAM supply could exceed demand by about 2% in 2028
• JP Morgan: supply growth may beat demand by 3 points after 2026–2027 shortfalls
• Bernstein: SK hynix DRAM price to fall from $2.23 to $1.05 per GB by end-2028
• Citi expects DRAM to stay undersupplied in both 2027 and 2028