AI驱动！全球“存储荒”愈演愈烈，机构看好产业链哪些细分方向？丨行业风口

Core Insights - The global memory chip market is experiencing a severe "storage shortage" driven by AI demand and industry capacity adjustments, with major players like Samsung and SK Hynix ramping up production to meet this demand [1][2] - Micron Technology has shifted its focus to high-performance AI chip requirements, announcing plans to stop selling certain consumer products by February 2026 [1][2] - The average prices of storage products have been rising, marking the beginning of a new growth cycle in the global memory chip market [1][6] Global Storage Shortage - The "storage shortage" has intensified due to AI-driven demand and capacity adjustments, with SK Hynix predicting DRAM supply shortages will last until 2028, more severe than most forecasts [1][2] - Micron's recent financial report showed a significant increase in gross margin, attributed to surging AI data center demand [2][10] - Major storage companies have raised product prices, with Micron increasing prices by 20%-30% for various DRAM products [3][4] AI-Driven Storage Supercycle - The current storage cycle is characterized by explosive demand for AI servers, leading to a structural supply-demand gap [8][10] - Unlike previous cycles driven by smartphone upgrades, this cycle is fueled by the transition of AI applications from training to inference, increasing the need for high-performance storage solutions [8][10] - The shift in production focus towards high-margin products like HBM and DDR5 is creating a permanent supply gap in traditional storage areas [8][10] Price Trends and Market Dynamics - Recent data indicates that prices for various DRAM and Flash products continue to rise, with specific prices reported for different memory types [6] - The ongoing price increases are expected to persist in the short term, particularly for DDR4 and mid-range NAND products, while long-term trends will depend on AI demand and capacity releases [9][10] - The price hikes may impact consumer electronics costs, potentially affecting future sales volumes [10] Institutional Focus - Various securities firms are highlighting investment opportunities in the memory chip sector, particularly in companies involved in high-performance storage solutions and those adapting to AI-driven demand [12][13] - Key players in the memory chip market include companies specializing in storage design, packaging, and testing, with a focus on high-end products and innovative solutions [12][13]