DRAM prices predicted to jump 63% in Q2, NAND up to 75% — follows 95% jumps in Q1, Trendforce says AI server demand keeps supply tight

TrendForce's memory pricing survey forecasts Conventional DRAM contract prices will rise 58–63% QoQ in Q2 2026, while NAND Flash contracts are expected to jump 70–75% QoQ.

DRAM already posted a record 90–95% QoQ gain in Q1; NAND rose about 60% in the prior quarter.

Tight supply is driven by server and AI demand: suppliers are reallocating capacity to AI, and NAND production is shifting toward enterprise SSDs.

North American cloud providers are ramping AI inference infrastructure and buying high-capacity RDIMMs in volume; memory makers are locking multi-quarter supply deals with large customers.

A pronounced shortage is expected through 2026, with meaningful capacity expansion unlikely before late 2027 and new fab capacity not coming online in volume until late 2027 or 2028.