Three forecasts that show why BofA thinks the memory chip boom can avoid a 2028 bust
The call supports the view that memory, and HBM in particular, is still one of the strongest earnings stories in the AI supply chain, which helps memory makers and chip equipment suppliers following the latest tech sell-off. That trajectory suggests the industry could sustain record…
In this article
In the latest stock market today update, the call supports the view that memory, and HBM in particular, is still one of the strongest earnings stories in the AI supply chain, which helps memory makers and chip equipment suppliers following the latest tech sell-off, according to investingLive. That trajectory suggests the industry could sustain record revenue and earnings through 2028, instead of slipping into the kind of downturn that has followed prior memory booms.
Key points
- The bank anticipates fourth-quarter DRAM prices to rise 8% on the quarter and NAND prices 3%.
- Wu noted memory prices were likely to keep climbing.
- BofA broadly shares the bullish prospects but is more cautious on pricing.
What happened: Stock market today
Wu noted memory prices were likely to keep climbing. BofA broadly shares the bullish prospects but is more cautious on pricing. The bank anticipates fourth-quarter DRAM prices to rise 8% on the quarter and NAND prices 3%, both far below TrendForce's ranges.
Why stock market today matters for traders
Equity moves reflect expectations for earnings, interest rates and economic growth. Strong or weak results from large companies can shift sentiment across whole sectors and indices.
Stock-market sentiment also spills over into currencies: risk-on moods tend to favour higher-yielding currencies, while sell-offs often support safe havens.
Market reaction and data
On the currency side, the latest ECB daily reference rates (2026-11-10) show EUR/USD 1.1214, GBP/USD 1.3423, AUD/USD 0.6904, NZD/USD 0.5628, USD/JPY 158.18, USD/CHF 0.8207, USD/CAD 1.4136, USD/CNY 6.6703. These are reference fixes, not live quotes.
What to watch next for stock market today
Traders will track upcoming earnings, guidance from company management, bond yields and macro data that could change the rate outlook.
Key scheduled releases on the economic calendar:
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Forex News Today, read CoreWeave stock leaps close to 13% following earnings. Buy the rally or sell into resistance? or see all of today's top market news.
FAQ
What is the latest stock market today news?
The call supports the view that memory, and HBM in particular, is still one of the strongest earnings stories in the AI supply chain, which helps memory makers and chip equipment suppliers following the latest tech sell-off.
Why do stock markets react to interest rates?
Higher rates raise borrowing costs and reduce the present value of future profits, which tends to weigh on stock valuations, especially for growth companies.
Where does this information come from?
This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
