Here’s Why Piper Sandler Considers DRAM Pricing ‘Slightly Negative’ for Micron and Others

January 31, 2022Updated: January 31, 2022

Piper Sandler analysts Weston Twigg and Harsh Kumar jointly noted that inSpectrum released its January monthly memory contract pricing data, which indicated DRAM 8Gb DDR4 fell 8 percent month-over-month and that NAND 256Gb TLC dropped 1 percent on a month-over-month basis.

The analysts, who monitor the three-month rolling average year-over-year change to better gauge trends, said DRAM products’ pricing continued to decelerate, while NAND products’ pricing showed a “slight” deceleration.

Twigg, who covers semiconductor equipment names, said the implications of the memory contract pricing trends were “slightly negative” for Lam Research Corp., Applied Materials Inc., KLA Corp., ASML Holding NV, and Teradyne Inc.

Kumar also called the implications “slightly negative” for Micron Technology Inc.

By Anusuya Lahiri

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