AI应用推升存储芯片需求 行业高景气度或持续至明年年中

Core Viewpoint - The global investor confidence in AI is being revitalized, leading to a resurgence in interest in storage chips, which are crucial for AI infrastructure. The prices of storage chips are expected to continue rising, with significant demand driven by AI applications and a supply shortage anticipated to last until at least mid-next year [1][5]. Group 1: Market Dynamics - The storage chip market is experiencing a significant supply shortage, with distributors struggling to fulfill orders, indicating a tight supply chain [2][3]. - Major storage manufacturers, including Samsung and SanDisk, have initiated price increases, with some products seeing price hikes of up to 60% since September [4][6]. - The demand for DRAM and NAND Flash is expected to remain strong, with projections indicating a potential price increase of at least 50% from current levels [4][6]. Group 2: Product Specifics - DDR5 memory is particularly highlighted as having a robust market, with prices having surged by 60% since September, driven by increased demand from AI applications and a shift from DDR4 due to shortages [6][7]. - NOR Flash is also experiencing a price increase, with industry analysts adjusting growth forecasts upward due to rising demand from AI developments [2][4]. Group 3: Future Outlook - The current price increase trend for storage chips is expected to persist for at least two to three more quarters, with a potential shortage of DRAM and NAND Flash continuing into the first half of 2026 [8]. - The resolution of the supply shortage is contingent upon the ramp-up of DDR5 production capacity by Chinese manufacturers, which could stabilize prices in the future [8].