JP Morgan analysts said on Thursday that memory shortages are being driven by explosive demand for AI factory infrastructure, and that memory’s role as a strategic asset for artificial general intelligence (AGI) remains unchanged. They added there are few signs of demand destruction or of reductions in memory intensity that would relieve the current supply-demand imbalance.

2026-06-25

JP Morgan analysts said on Thursday that memory shortages are being driven by explosive demand for AI factory infrastructure, and that memory’s role as a strategic asset for artificial general intelligence (AGI) remains unchanged. They added there are few signs of demand destruction or of reductions in memory intensity that would relieve the current supply-demand imbalance.