?存储“超级周期”逻辑再强化! DRAM急缺之际 三星DDR5价格疯涨60%

Core Viewpoint - The global storage chip market is experiencing a "super cycle" driven by a significant increase in demand for DRAM and NAND products, particularly due to the expansion of AI data centers, leading to substantial price hikes for key storage components like DDR5 chips [1][3][8]. Price Increases - Samsung Electronics has raised prices for certain storage chips by up to 60% in November compared to September, with the price of a 32GB DDR5 module increasing from $149 to $239 [1][4]. - The prices for 16GB and 128GB DDR5 modules have also risen by approximately 50%, reaching $135 and $1,194 respectively, while larger capacities like 64GB and 96GB have seen increases of over 30% [4][5]. Supply Shortages - The severe shortage of DRAM storage chips has led to panic buying among enterprise-level customers, indicating a tight supply situation in the market [5]. - Analysts suggest that Samsung's slower transition to HBM storage systems compared to competitors may provide it with a more optimistic pricing power in the broader storage chip market due to its larger inventory [5]. Market Dynamics - The demand for high-performance storage products, particularly DDR5 and HBM systems, is being driven by the need for AI training and inference capabilities, with DRAM capacities in AI servers often exceeding traditional CPU servers by 4-8 times [2][3]. - Major storage companies like SK Hynix, Samsung, and Micron are focusing their production capacity on HBM systems, which has contributed to the supply constraints for DDR5 and other storage products [2][3]. Future Outlook - Analysts predict that Samsung may increase quarterly contract prices by 40% to 50% from October to December, surpassing the broader industry average of 30% [6]. - The ongoing AI infrastructure investments are expected to sustain the "super cycle" in the storage market, with demand for core storage chips remaining robust through 2026 and potentially into 2027 [8][9].