[Bank of America: Storage Chip Supercycle to Extend at Least Until 2027, Possibly Until 2030] Deep Tide TechFlow reports, on June 29, according to Tide Research, Bank of America released a global storage technology report on June 26, stating that this cycle is different from previous ones due to structural foundations. Micron's revenue for the May quarter was $41 billion, a year-on-year increase of 346%, with a gross margin of 85% and an operating profit margin of 81%. Guidance for the August quarter is $50 billion, continuing upward momentum. Bank of America highlighted five structural changes: shortages may persist until 2030, long-term contracts with locked prices, challenges in building new factories, limited capacity expansion, and explosive free cash flow. Global DRAM and NAND combined revenue in 2026 is projected to reach $87.68 billion, a year-on-year increase of 308%. DRAM spot prices have risen for five consecutive weeks, accumulating a 20% increase. Risk signals: NAND spot prices have dropped by 5%, ASP growth rate is expected to rise 234% in 2026, drop to 8% in 2027, and turn negative at -13.3% in 2028, indicating signs of slowing growth. ⚠️ The above is a summary of Bank of America's public research report and does not constitute investment advice. The market carries risks; proceed with caution.