Citi analysts said they have added Micron Technology to an “upside catalyst” watch list on expectations that DRAM chip prices may rise in the second half of 2026, while placing Qualcomm on a “downside catalyst” watch list due to weak growth in smartphone sales.

According to Odaily, the analysts said AI computing demand remains in a supply-demand imbalance, citing a recent 20% increase in AWS EC2 GPU prices as an example.

They added that DRAM shortages are currently the biggest constraint on computing supply.