Deep Tide TechFlow news. On July 20, a Morgan Stanley analyst described the recent selloff of U.S. memory stocks as a “healthy reset” and said it is not a turning point for the memory cycle. Morgan Stanley expects that DRAM prices in the third quarter of 2026 could still rise sequentially by more than 20%-30%. This view points to specific channel and category perspectives and cannot be simply equated with the official contract price of server DRAM for the entire industry.