Bank of America Refutes Three Key Memory Chip Concerns in Latest Weekly Report

According to Bank of America's latest memory industry weekly report released this week, the bank dismissed three major market concerns currently weighing on memory sector stocks. The core conclusion: most bearish narratives circulating in the market do not hold up to scrutiny, and the industry's underlying fundamentals remain on an upward trajectory.

Supply chain checks by the bank confirmed Meta's HBM, LPDDR5, and eSSD orders continue to strengthen despite rumors of production cuts. Meanwhile, South Korea's June semiconductor exports surged to $44.8 billion, marking a 199% year-over-year increase and the sixth consecutive month of triple-digit growth. TrendForce has raised its third-quarter DRAM average selling price forecast to 13–18% sequential growth from the prior 3–8% estimate, while U.S. tech giants' 2026 capital expenditures are expected to reach approximately $700 billion, up 80% year-over-year.