环比最高涨90%，内存最新涨幅再创记录

Industry Overview - The memory price tracking report by Counterpoint indicates a historical surge in memory prices, with DRAM prices for general servers expected to rise by 80%-90% in Q1 2026, driven by increased demand from AI applications [1] - NAND flash memory prices are also projected to increase by 80%-90%, alongside rising prices for certain HBM3e products, indicating a broad market trend of price escalation across all categories [1] - The server-grade 64GB RDIMM contract price has skyrocketed from $450 in Q4 last year to over $900, with expectations to surpass $1,000 in Q2 2026 [1] Demand Drivers - The core logic behind the current price surge is attributed to the exponential growth in storage demand driven by AI inference, coupled with a lag in supply-side capacity release [1] - Data centers are becoming the largest single market for memory products, with server DRAM expected to account for over 50% of the market by 2026, maintaining a long-term demand CAGR of 20% [1] Supply Constraints - The price increase in general server DRAM is primarily catalyzed by the iteration of GPUs, which has led to a significant rise in storage capacity and production demand, with new generation GPUs like B200 and B300 consuming DRAM capacity at a year-on-year growth rate of 20%-171% [1] - New supply capacity is expected to be concentrated in 2027 and beyond, indicating a continued structural mismatch in supply and demand in 2026, with AI-driven shortages unlikely to ease [1] Company Developments - Dawi Co., through its subsidiary Dawi Chuangxin, has successfully introduced major new clients in the communication and consumer electronics sectors while maintaining a stable core customer base, focusing on NAND and DRAM storage products [3] - Dongxin Co. is developing DRAM products that include DDR3(L) and LPDDR1/2/4X, contributing to the overall growth in the memory market [4]