涨价趋势延续2026年

Group 1 - The mainstream storage market is strengthening, with DDR4 and DDR3 expected to see significant price increases in Q4, while traditional NAND and NOR storage prices show signs of stability, likely continuing until 2026 [1][2] - DRAM suppliers have ceased providing quotes to enterprise customers, indicating further upward price potential [1] - Micron has been upgraded to "outperform," suggesting that it is not too late to participate in the memory upcycle [2] Group 2 - A projected shortage of DDR4 supply is expected to reach 10-15% over the next three seasons, with potential for contract prices to double in Q4 [2] - The effective period for DDR4 pricing has shortened to less than one month, indicating possible price increases within weeks [2] - DDR3 is anticipated to experience a strong upward trend, with high double-digit growth expected in Q4 [2] Group 3 - For NOR Flash, a price increase of 5-10% is anticipated in Q4, driven by potential growth in demand from IoT products like AirPods and servers [4] - The supply gap for NOR is expected to widen from low single digits to mid-single digits due to increasing demand [4] - By 2026, AirPods are projected to account for 5-10% of global NOR demand, as each pair requires three high-density NOR Flash chips, suggesting a continued upward price trend for NOR [4]