Memory Pricing Report – November 2024

This monthly update delves into the dynamic and volatile pricing landscape of mainstream DRAM and NAND memory, offering an examination of pricing trends over the past three months and projecting developments for the upcoming year. Covering a broad spectrum of memory types including Server DRAM, Mobile DRAM, PC DRAM, High Bandwidth Memory (HBM), as well as Single-Level Cell (SLC), Multi-Level Cell (MLC), Triple-Level Cell (TLC), and Quad-Level Cell (QLC) NAND, Client Solid-State Drives (SSDs), and Universal Flash Storage (UFS), this monthly publication is essential for stakeholders seeking to navigate the constantly shifting prices within the memory markets. Notes: - The NAND pricing forecast has once again been revised downward due to softer-than-expected October pricing and deteriorating sentiment for Q4 and Q1-25. This trend is particularly evident in the PC, mobile, and consumer end-markets, where tepid sell-through demand and elevated inventories persist. However, accelerated datacenter demand remains a bright spot. One key to 2025 pricing will be how suppliers manage production levels to align with this bifurcated demand environment. Additional factors include the willingness of suppliers to build inventory versus concede on pricing, and the extent to which consumer demand rebounds due to AI or other factors.