AI算力浪潮驱动存储市场量价齐升

Core Insights - The price of storage chips, particularly DDR5 server memory, has surged due to explosive demand driven by AI, with prices exceeding 50,000 yuan and approaching 60,000 yuan [1] - The current supply-demand imbalance is expected to persist until 2028, primarily due to the increased memory requirements of AI servers, which are 8 to 10 times higher than traditional servers [1] - Major cloud service providers like Google, Meta, Microsoft, and Amazon AWS are projected to invest a historical high of 600 billion USD in AI infrastructure by 2026, further driving demand for storage chips [2] Market Trends - Since September 2025, the spot price of DDR5 memory chips has increased by over 300%, while DDR4 memory chips have risen by 158% [2] - The rapid expansion of AI data centers is expected to lead to further increases in storage chip demand and prices in 2026 [2][3] - The global supply of DRAM is anticipated to grow by 15% to 20%, while demand is expected to increase by 20% to 25% in 2026, indicating a continued supply shortage [3] Industry Opportunities - The domestic storage industry is seen as entering a historic opportunity phase, with a focus on domestic substitution and benefits across the supply chain [4] - Companies like Changxin Technology are accelerating their investments, with plans to raise 29.5 billion yuan for technological upgrades and R&D, aiming to complete most equipment installations by the end of 2027 [4] - Xi'an Yiswei Materials Technology and Ningbo Jiangfeng Electronic Materials are also expanding their production capabilities to meet the growing global demand for high-end semiconductor materials [4] Market Size Projections - The storage chip market in China is expected to approach 500 billion yuan by 2026, driven by strong demand from AI models, data centers, and smart terminals [5]