Mei Ri Jing Ji Xin Wen·2025-12-04 00:44Core Viewpoint - The report from CITIC Securities indicates that since Q2 2025, the mainstream storage prices have experienced significant absolute increases due to "supply optimization and AI-driven demand" [1] Group 1: Market Conditions - The market has fully transitioned into a "seller's market" by Q4 2025, with steep price increases observed [1] - Despite the current seller's market, the industry is still in the early stages of a super cycle, suggesting continued growth potential [1] Group 2: Future Outlook - High visibility of shortages is expected over the next six months, supporting a positive outlook for mainstream storage DRAM/NAND and niche storage prices in the first half of 2026 [1] - Contract prices are anticipated to rise rapidly, aiming to catch up with the increases in spot prices, indicating sustained demand exceeding supply at least until the end of 2026 [1]