According to Meritz Securities report released on July 19, Middle Eastern sovereign AI investors including Saudi Arabia have begun discussions with South Korean chipmakers regarding long-term server DRAM purchases. 64GB DDR5 server DRAM spot prices have surged to $3,100–$3,400 since mid-July, representing a 146% increase from June-end contract prices of approximately $1,380.
Meritz Securities projects that server DRAM contract prices in Q3 2026 may rise more than 15% quarter-over-quarter, exceeding current market expectations.