Supply Crunch + Traditional Peak Season, BofA: Storage Spot Prices to Keep Rising in September

Bank of America expects DRAM and NAND spot prices to rise another 10% to 20% in September, driven by tight storage supply and the consumer peak season. Samsung, SK Hynix, and Micron are prioritizing capacity for AI customers, leaving channel supply fulfillment below 50%. Nvidia's strong growth guidance further reinforces storage demand expectations, with industry momentum likely to persist.