📊Executive Summary

Nvidia's shift to using LPDDR memory chips in its AI servers is expected to significantly impact the memory market, potentially doubling server-memory prices by late 2026. The transition from DDR5 to LPDDR, typically used in smartphones, is anticipated to create a surge in demand that the current supply chain may struggle to meet. This change comes amid existing shortages of legacy memory chips as manufacturers focus on high-bandwidth memory for AI applications. Key suppliers like Samsung, SK Hynix, and Micron are already facing constraints, and this pivot by Nvidia could exacerbate the situation, leading to increased costs for cloud providers and AI developers....