Memory & storage · Thesis 02 · settles Jan 1 · 66 days · rung 1/3

NAND wafer spot price, late December?

8 voices · 8 claims2 sides2 machines

The other numbers are hidden until you lock yours. The readers, the machines and the Call are waiting.

The two sides

If no

Supply catches up

Expects new supply or weaker demand to drag the session average below 18 dollars by late December 2026.

If yes

Scarcity holds through 2027

Expects AI storage demand to keep NAND wafer prices at or above 18 dollars as memory capacity stays scarce.

How it settles

Read DRAMeXchange's 512Gb TLC wafer session spot price average for December 25 through 31, 2026. Yes if the mean is at or above 18 dollars. DRAMeXchange (TrendForce), wafer spot price table, as recorded by DeepStack

The exact question and the full rule

Will the 512Gb TLC NAND wafer spot price average at or above $18.00 over the trading sessions from December 25, 2026 through December 31, 2026?

Take the session average of 512Gb TLC in DRAMeXchange's wafer spot price table, in US dollars, for each trading session dated December 25, 2026 through December 31, 2026, as first recorded by DeepStack. The answer is yes if the mean of those session averages is at or above $18.00; no if it is below $18.00.

If the source is late or silent: If no session in the window is recorded by January 3, 2027, the owner reads the same table's history on TrendForce for the missing sessions; if that does not settle it, the test is inconclusive. A later correction does not change a session already recorded.

The case · 8 voices · 2 minutes
Supply catches up2 voices argue noScarcity holds through 20276 voices argue yes
Stronger if no · 2 voices

Supply catches up

Andrew WalkerMay 31

When memory and semiconductor prices rise significantly above cost due to supply constraints, economic incentives drive multiple paths to increased supply, eventually breaking the cycle and reducing margins.

Stronger if yes · 6 voices

Scarcity holds through 2027

Tae KimAug 5

The demand-supply imbalance in HBM memory creates a classical Economics 101 scenario where constrained supply meets accelerating demand. Customers requesting 5x–6x more capacity than current expansion plans can supply creates a pricing lever that…

The Call's side, the strongest voice against it and what would change it appear after you lock your number.

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The dossier · 5 minutes
The machines' reasons

2 models ran this one. Their numbers and reasons appear after you lock yours.

The thesis

Will memory makers' scarcity profits last through 2027?

Micron's revenue for the quarter ended September 3, 2026 was $54.2 billion, against $11.3 billion a year earlier. The tests read Micron's next quarter and Korea's chip exports, most of which are memory.