存储涨价潮下的产业链机遇：2026年供需缺口会否持续？

Core Viewpoint - The TMT industry is experiencing significant price increases in the storage chip sector, driven by strong demand from AI applications and supply constraints [2][3][4]. Weekly Market Review - The Shanghai Composite Index rose by 1.08% to 3997.56 points, the Shenzhen Component Index increased by 0.19% to 13404.06 points, and the ChiNext Index gained 0.65% to 3208.31 points during the week of November 3-7 [2][3]. Industry News - A price surge in chips is underway, with Samsung Electronics halting DDR5 DRAM contract quotes, prompting other manufacturers like SK Hynix and Micron to follow suit, with a resumption of quotes expected around mid-November [2][3]. - SanDisk announced a 50% price increase for NAND flash contracts, marking at least the third price hike this year, with a significant rise in spot prices for DDR5, which surged by 25% in just one week [2][3]. Industry Data Tracking - The consumer electronics sector is increasingly reliant on technological innovation and stimulus policies, benefiting from domestic policies like "national subsidies" [3]. - The semiconductor industry continues to see strong demand, with ongoing domestic substitution efforts supporting the demand for semiconductor equipment [3]. - The storage chip sector is experiencing a bullish trend, with DRAM prices rising sharply due to strong demand from AI servers for high-performance memory [3]. Investment Recommendations - The storage market is currently undergoing a significant price increase cycle, driven by explosive growth in enterprise storage needs and AI applications [4]. - If AI demand remains strong and supply does not effectively expand, the tight supply-demand balance in the storage market may persist into 2026, maintaining high industry prosperity [4]. - Companies are advised to focus on the storage and computing demand sectors, as well as domestic semiconductor equipment firms involved in critical processes like etching and deposition [4].