Global total memory addressable market could exceed $2 trillion by 2030; BofA expects industry market cap to reach $10 trillion

Odaily reports: Paradis posted on X platform that BofA believes the recent pullback in memory stocks has little correlation with memory fundamentals, reflecting excessive market concerns over the boom-and-bust cycle of AI memory. BofA expects the global total memory addressable market to grow from nearly $1 trillion in 2026 to over $2 trillion by 2030, with operating profit potentially reaching $1 trillion and industry market cap potentially reaching $10 trillion, compared to just a few trillion dollars currently.