Morgan Stanley: The demand for artificial intelligence led to a shortage of memory supplies, and storage prices increased by over 25 per cent

According to Joseph Moore, Morgan Stanley Analyst, the shortage of memory in the data centre continues to deteriorate as a result of artificial intelligence requirements and supply pressures are not alleviated. In the third quarter, the price of memory products increased by at least 25 per cent over the level of the second quarter of 2026, higher than the Morgan Stanley and third-party agency projections. Memory supply constraints are expected to continue to increase in 2027 and 2028, current market memory resources are not sufficient to meet the needs of the artificial intelligence industry, which consumes a large amount of DRAM capacity, affecting the production of consumer electronics such as PCs and smart phones。