STOCKS | Morgan Stanley Sees DRAM Contract Price Growth Peaking in the Fourth Quarter of 2026

Morgan Stanley released its latest view on the memory chip industry and said DRAM contract price growth is expected to peak in the fourth quarter of 2026. According to Odaily, the report said year-on-year DRAM price gains could ease sharply after the fourth quarter, and the price surge seen over the previous year, which quadrupled, is unlikely to be repeated. The firm also said memory chip companies still have room for valuation re-rating based on their forward 12-month price-to-book ratios. It added that the sector's valuation logic may change.