Goldman Sachs Raises Samsung's 2027 HBM Price Growth Forecast to 44%, Up from 14%

DRAM2.59%
According to Goldman Sachs, Samsung's 2027 HBM price growth forecast was raised from 14% to 44% on June 26, driven by strong DRAM spot price gains. DDR5 spot prices have risen 20% since May 1, currently trading at a 25% premium to May contracts, while DDR4 spot prices gained 11% with a 45% premium. Goldman Sachs cautioned that the 44% forecast may still underestimate upside risks due to tight HBM supply and widening price gaps between traditional DRAM and HBM. South Korea's May DRAM exports hit a record high, up 21% from April and 370% year-over-year, while Taiwan's memory suppliers also benefited significantly from the price surge.
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