Micron Technology(US:MU) Feng Huang Wang·2025-09-28 05:33Group 1 - The global storage market is experiencing a supply-demand gap driven by the AI boom, leading to increased demand for storage solutions [1] - The DRAM and NAND flash memory markets are facing severe shortages, with prices expected to rise further in Q4 2023 and 2026 due to increased orders from cloud service providers [2] - Major storage manufacturers like SK Hynix, Micron, and Samsung are running low on inventory, and traditional HDD manufacturers are cutting production, which may lead to at least six months of supply shortages [2] Group 2 - The current upcycle in the storage industry is different from previous cycles, as the demand is primarily driven by large tech companies' infrastructure needs in the AI era, indicating stronger sustainability [3] - Micron's latest financial report highlights that AI demand is spreading across various applications, including data centers, PCs, mobile devices, and automotive [3] - Analysts predict that from Q2 2023 onwards, the contract prices for DRAM and NAND Flash products are likely to recover, with strong demand for enterprise-level storage products such as eSSD and RDIMM, suggesting improved performance for related companies [3]