ECB Governing Council member Kazimir said the key for him will be the repricing next January.

TrendForce says AI server demand is expanding and HBM and conventional DRAM are competing for limited advanced-node process and wafer capacity. Yield and output improvements for next‑generation products will take time, leaving memory supply tight through 2027. Suppliers are increasingly willing to lift HBM prices; TrendForce has raised its 2027 HBM outlook and now forecasts blended ASP to rise 121% YoY, driven by sustained supply tightness, a larger share of premium-priced HBM4 and HBM4e ramping from H2 2027.

Ukrainian officials said a Russian drone damaged a border checkpoint near the Polish border.