存储市场涨价潮再升级，龙头股年内涨超3倍，产业链名单曝光

Core Viewpoint - The storage market is experiencing a shortage, leading to price increases for storage products, with several major manufacturers announcing price hikes since September [1][2]. Supply and Demand Dynamics - Major storage manufacturers, including SanDisk, Micron, Samsung, and Western Digital, have initiated price increases, impacting the downstream market [1]. - Adata has stopped quoting DDR4 prices and is prioritizing DDR5 and NAND flash supply for key customers, while Phison has resumed some pricing with a 10% increase [1]. - The price surge is attributed to a restructuring of supply and demand in the storage industry, with manufacturers implementing production cuts and a notable increase in storage demand driven by AI investments [1][2]. Price Forecasts - Multiple institutions predict that storage prices will continue to rise in Q4, with estimates of an 8% to 13% increase for old process DRAM and a 13% to 18% increase for HBM [2]. - NAND Flash contract prices are expected to rise by an average of 5% to 10% in Q4 [2]. - Morgan Stanley's latest report indicates that DRAM is entering a four-year pricing upcycle [2]. Market Performance - The storage product prices have been on an upward trend throughout the year, with the storage index increasing over 60% since the beginning of the year and 14.33% since September [2]. - The domestic advanced storage capacity is expanding, and AI servers and terminals are expected to further drive storage demand growth [2]. Key Companies in the Storage Chip Industry - Notable companies in the storage chip sector include: - Dongxin Co., which has seen a year-to-date increase of 321.20% [2]. - Shannon Chip, a core agent for SK Hynix, with a monthly increase exceeding 84% [2]. - Demingli, a provider of domestic SSD solutions, has achieved five consecutive trading limit increases since September [2]. Company Highlights - A summary of key listed companies in the storage chip industry includes: - North Huachuang: Leading domestic etching machine manufacturer with a market cap of 327.87 billion [3]. - Zhongwei Technology: Another leading etching machine manufacturer with a market cap of 181.58 billion [3]. - Dongxin Co.: A domestic leader in producing a full range of storage chips with a market cap of 46.38 billion [3]. - Zhaoyi Innovation: A global leader in NOR Flash with a market cap of 126.74 billion [3].