Memory capex to hit $97B in 2026, $146B in 2027 — 56% of next year's semiconductor spend

Beth_Kindig · x · 2026-09-08

Analyst Beth Kindig forecasts memory capex at $97 billion in 2026, rising to $146 billion in 2027, and accounting for 56% of total semiconductor capex next year.

AI demand is pushing memory to the center of semiconductor investment, with plays including MU, SK Hynix, NVIDIA and AMD.

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