大摩：SK海力士DRAM库存水平已降至两周 实际处于边生产边发货状态

Core Viewpoint - The increasing demand for DRAM and NAND storage chips driven by AI is rapidly depleting SK Hynix's inventory levels, leading to a continuous rise in prices [1] Group 1: Industry Impact - The proliferation of AI servers has significantly stimulated the demand for DRAM and NAND storage chips, resulting in a swift consumption of industry inventory [1] - The current DRAM inventory level at SK Hynix has dropped to two weeks, indicating a just-in-time production and shipping model [1] - NAND storage product inventory has also decreased to 4-5 weeks, reflecting the overall tightening of supply in the market [1]