ab 15 October 2026 Global Research Memory Semis Monthly October '26 Edition: Is the Wall of Worry justified? Our checks indicate that DRAM makers continue to see upsized orders into 2027 for server DDR5, boosted by agentic AI inferencing deployment. In addition, we believe that SOCAMM orders from Nvidia (for Vera CPUs) have gotten stronger over the past 2 months, now exceeding 50bn Gb in 2027. This is larger than total PC+GDDR DRAM bit consumption. This, in turn, has pressured down HBM shipments, which we e ...