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‘chipflation’:-surging-ai-demand-fueling-memory-chip-prices,-says-morgan-stanley
‘Chipflation’: Surging AI Demand Fueling Memory Chip Prices, Says Morgan Stanley

‘Chipflation’: Surging AI Demand Fueling Memory Chip Prices, Says Morgan Stanley

Last updated: June 4, 2026 10:48 am
By Andrew Moran
0 Min Read
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‘Chipflation’: Surging AI Demand Fueling Memory Chip Prices, Says Morgan Stanley

Semiconductor chips on a circuit board of a computer, in this illustration picture taken on Feb. 25, 2022. Florence Lo/Reuters

A new “chipflation” threat is brewing in the economy, Morgan Stanley analysts warn.

Memory chip prices have surged by up to 600 percent in the past year, driven by a global shortage of Random Access Memory, or RAM, amid intensifying artificial intelligence (AI) demand.

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