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Morgan Stanley says the setup for legacy memory is getting tighter than expected
DDR4 pricing could rise another 20% in Q3 as supply keeps shrinking, with the bank now modeling a 19%-20% supply-demand gap in 2H26 and 18%-20% gaps in 2027-2028
Other industry coverage:
TrendForce says DDR4 will remain in short supply through 2026, even after Micron’s Virginia Fab 6 ramp
$MU move is mostly an internal capacity reallocation, not a real increase in total LPDDR4/DDR4 capacity. TrendForce expects DDR4 to represent only around 7% of Micron’s DRAM output in 2026, with that share declining further in the coming years