DRAM and NAND Flash Could Reach 68% of CSP CapEx in 2027

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TrendForce expects DRAM and NAND Flash to consume 68% of major cloud providers' capital spending in 2027 as AI demand drives prices higher.

Quick Report

TrendForce expects DRAM and NAND Flash to account for 68% of major cloud service providers’ capital expenditure in 2027 as AI infrastructure demand pushes memory prices higher. The combined share is projected to rise from 47% in 2026, while total CSP capital expenditure is expected to grow 50% next year after a projected 98% increase in 2026.

Server DRAM contract prices rose 64% during the second half of 2025, with another 270% increase projected for 2026, while enterprise SSD prices rose 35% in the same period and could climb 235% in 2026. HBM contract prices may increase another 70% to 140% in 2027, encouraging cloud providers to adjust RDIMM and HBM configurations or consider AI ASICs with more specialized memory architectures.

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Source(s)

  • TPU