Citrini analyst jukan said on X that Citi has cut its rating on Micron. The bank expects DRAM and NAND price increases to slow over the next four quarters, with prices peaking in the quarter containing May next year — the second fiscal quarter. Citi revised its quarter-over-quarter DRAM price forecasts for the August, November, February and May quarters to 23%, 9%, 2% and 0%, from 23%, 10%, 2% and 0%, and now expects DRAM prices to fall 3% in the second half of 2027 versus the first half. For NAND, the quarterly estimates move from 29%, 9%, 1% and 0% to 29%, 7%, 0% and -1%, with prices seen down 5% in H2 2027 compared with H1. Citi attributed the softer outlook to capacity expansion by ChangXin Memory Technologies and Yangtze Memory Technologies, saying the new supply will push DRAM and NAND prices lower. US-listed memory chip stocks dropped sharply.
Citi has cut its rating on Micron, according to Citrini analyst jukan, who outlined the call in a post on X. The bank expects DRAM and NAND price gains to ease across the next four quarters, with the price peak arriving in the quarter that includes May next year — the second fiscal quarter.
Citi's revised quarter-over-quarter DRAM estimates for the August, November, February and May quarters are 23%, 9%, 2% and 0%, down from 23%, 10%, 2% and 0%. The bank now sees DRAM prices declining 3% in the second half of 2027 versus the first half. NAND figures move from 29%, 9%, 1% and 0% to 29%, 7%, 0% and -1%, and Citi expects NAND prices to fall 5% in H2 2027 compared with H1.
Citi attributed the weaker price path to capacity expansion at ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC), saying the two manufacturers' output growth will push DRAM and NAND prices down. US-listed memory chip stocks fell sharply.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
