NAND Flash and DRAM memories have the same market volatility. And, as of late, the same pricing dynamics, with the overall memory Commodity IQ Price Index averaging three times the index baseline in Q3 and Q4, are forecast to remain in similar territory despite spot pricing declines. In 2019, both technologies experienced dramatic demand drops due to overcapacity, and last year; the technologies suffered sharp declines in tremendous excess capacities and bloated channel and customer inventories. One of the main differences that will impact pricing and other supply chain dimensions is that DRAM has comparatively highly concentrated manufacturing, signaling consolidation in the NAND market to the disadvantage of memory buyers.