Jefferies expects global memory prices to continue rising until 2028, with higher than expected gains in the third and fourth quarters

Jefferies stated in the report that the global rise in memory prices will continue until 2028. Jefferies expects memory prices to rise by 40% to 50% in the third quarter of this year compared to the previous quarter, and by 30% to 40% in the fourth quarter, exceeding market expectations of 15% to 20%. The reason for the price increase is that customers in the artificial intelligence industry sign long-term contracts and provide about 40% advance payment.