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Memory and Flash Prices Are Not Coming Down

The memory market broke in 2025. DRAM contract prices rose 90 to 95 percent in Q1 2026, with another 58 to 63 percent projected for Q2. This is not a cyclical shortage. It is a structural reallocation of wafer capacity to HBM that will hold prices elevated through 2027. Storage architects need a new procurement playbook now.

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