Bank of America Sees Hong Kong Investors Turning Bearish on Memory Stocks

Bank of America sees Hong Kong investors turning more cautious on memory-chip makers over AI spending, memory prices and Chinese competition, while forecasting resilient margins and cash flow. The bank expects memory producers to sustain strong margins and free cash flow even as average selling prices decline. It forecasts modest DRAM price declines later and a low-single-digit drop in NAND prices starting in the first quarter of 2027. Bank of America sees no signs of supply agreements being canceled and considers it too early to expect customers to cut orders.

Source: TokenPost