# Bank of America Sees Memory Upcycle Through 2027, Could Avoid 2028 Downturn By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/54339 Published: 2026-11-11T18:57:06.000Z Updated: 2026-11-11T18:57:06.000Z Section: Investing > Its price assumptions leave room for corrections to begin earlier in 2027, while it forecasts record industry revenue and earnings through 2028. Bank of America sees the memory-chip upcycle continuing through 2027 and potentially avoiding a downturn in 2028, while it forecasts record industry revenue and earnings through that year. The bank’s price assumptions leave room for memory-chip price corrections to begin earlier in 2027. The industry could still post record revenue and earnings through 2028 under that outlook. An earlier [Bank of America outlook]() projected memory-chip prices, revenue and margins would stay at supercycle levels across 2027 and 2028, alongside slower earnings growth and profits near historical highs. Manufacturers were estimated to fill 80% to 85% of memory-chip orders in 2026 and about 80% in 2027, leaving demand above available output. Those estimates were part of earlier coverage of [memory-chip orders exceeding available capacity](). ## Links in this article - [Bank of America outlook](https://www.tokenpost.com/news/investing/34794) - [memory-chip orders exceeding available capacity](https://www.tokenpost.com/news/business/49984)