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SNDKSandisk Corporation$885.01
24h
-5.59%
11 Nov, 04:12
Bullish on Western Digital amid memory super-cycle
Bullish+2.91%
AI Summary
The author shares BofA research projecting a multi-year memory chip super-cycle through 2028, highlighting strong ASPs and bit growth that will drive significant revenue expansion for major memory manufacturers.
BofA sees a multi-year memory super-cycle extending through 2028, with market revenue reaching $0.97T in '26, $1.47T in '27, and $1.58T in '28.
Strong ASPs, stable contract prices, and high bit growth are expected to yield a 2028 soft landing, with DRAM revenue up 10% and NAND revenue up 3% YoY.
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