Memory chip stocks are surging after AI infrastructure firm CoreWeave reported strong quarterly results and raised its full-year guidance, easing concerns over AI-related spending. This was compounded by a Bank of America report citing TrendForce analysis that the current memory upcycle could last through 2027. The report forecasts DRAM and HBM prices to rise 10-20% in Q4 2026, with HBM prices potentially doubling in 2027, reinforcing the narrative of a prolonged supply shortage and strong pricing power.