BofA's memory chip take is refreshingly blunt: the recent selloff in memory stocks isn't about fundamentals—it's fear of an AI boom-bust cycle that hasn't happened yet.
Their math is bold: global memory TAM could double from ~$1.0tn (2026) to $2.0tn+ by 2030. Operating profit potentially hits $1.0tn, pushing industry market cap toward $10tn—multiple times today's valuation.
Translation: if AI memory demand holds, this correction is noise. If it doesn't, well... that's the trillion-dollar question.
$DRAM
Their math is bold: global memory TAM could double from ~$1.0tn (2026) to $2.0tn+ by 2030. Operating profit potentially hits $1.0tn, pushing industry market cap toward $10tn—multiple times today's valuation.
Translation: if AI memory demand holds, this correction is noise. If it doesn't, well... that's the trillion-dollar question.
$DRAM