Micron Technology(US:MU) Guan Cha Zhe Wang·2025-11-03 07:53Core Insights - Samsung Electronics has led the suspension of DDR5 DRAM contract pricing as of October, causing market turmoil and a significant increase in spot prices [1][2] - The consensus in the market is that DRAM prices will rise by the fourth quarter of 2025, but the expected contract prices for Q4 were delayed due to Samsung's lack of quotations, leading to a 25% increase in DDR5 spot prices within a week [1] - The supply chain is experiencing a "seller's market," with major manufacturers only providing quotes to top-tier tech companies and cloud service providers, limiting availability for other customers [1][4] Market Dynamics - TrendForce reports that while some suppliers are still providing quotes, most are adopting a passive stance, resulting in limited actual transactions and heightened competition in pricing [2] - The price of DRAM has surged dramatically, with a year-on-year increase of 171.8% in Q3 2025, outpacing gold prices, which have risen by less than 110% during the same period [4] - The demand for high-performance storage driven by AI has led manufacturers like Samsung to shift production towards advanced memory products, tightening the supply of conventional storage used in PCs and servers [4][5] Future Projections - TrendForce has revised its forecast for DRAM price increases in Q4 2025 from 8%-13% to 18%-23%, indicating a strong upward trend in pricing due to the expansion of cloud service providers' data centers [5]