JPMorgan Says DRAM and NAND Supply Remains Tight, With Strong Fundamentals Possible Through 2028Machine translation

JPMorgan's research report says major memory stocks have fallen about 45% on average from their 2026 highs, while the Philadelphia Semiconductor Index is down about 29% from its recent high. The report says DRAM and NAND supply and demand remain tight, long-term supply agreements are expanding, and memory companies' earnings forecasts are unlikely to be cut over the next six months.