ME AI News: Bank of America believes the recent pullback in U.S.-listed memory stocks has largely become detached from fundamentals. Valuation multiples have bottomed out, and concerns that the AI memory boom will turn to bust are excessive. The bank expects memory chip average selling prices, revenue, and margins to remain at supercycle levels in 2027–2028. Even if earnings growth slows, absolute levels will remain near historic highs. (Cailian Press) (Source: ME)