Micron and DRAM memory manufacturers face massive supply shortfall and price jumps until 2028

Micron Technology Earnings and Massive DRAM Supply Shortfall Until 2028 Lead to Record Memory Price Jumps and Global Panic Buying Behavior

Micron Technology posted better than expected earnings and guidance, generating optimistic views on a prolonged upward cycle of memory industry. GF Securities financial analyst expected the DRAM supply shortfall to remain until 2028 , which led to raising the target price for Micron to 2021. GF Securities expected a massive demand supply imbalance caused by systemic underproduction, and continuously rising enterprise workloads.