TradingKey – On July 28 Eastern Time, Micron ( MU) lost the $800 level intraday, hitting a low of $789.09, which marked its lowest level since late May. Jefferies analysts reportedly stated in a research report that memory chip prices may be closer to a peak.

Although the market expects third-quarter memory chip prices to rise another 25%-30% quarter-on-quarter, Jefferies’ latest industry checks suggest that the increase may be more moderate, between 15% and 20%.

Jefferies analysts believe that most of the price increases are driven by cloud service providers, while consumer electronics manufacturers are showing fatigue toward further price hikes. “Visibility is low for the prospect of further quarter-on-quarter increases in 2027,” the…