存储芯片价格回顾：反弹后回落，价格趋于稳定

Investment Rating - The report maintains an "Outperform" rating for the electronic industry, indicating that the industry index is expected to outperform the CSI 300 index by more than 5% over the next 6-12 months [3][9]. Core Insights - The report highlights a recent stabilization in the prices of storage chips after a period of fluctuation, with DRAM and NAND prices showing signs of recovery and stabilization [8]. - It notes that the recent price rebound in storage chips was partially driven by supply-side production control, and future price increases will depend on sustained demand [8]. - The report suggests focusing on module-related companies, such as Jiangbolong, as potential investment opportunities [8]. Summary by Sections Price Review of Storage Chips - As of December 30, 2023, the average spot prices for DDR3, DDR4, and DDR5 were $0.78, $3.77, and $4.69 respectively, with no week-on-week change [8]. - The report details the price trends for DRAM chips, noting a peak in prices for DDR3, DDR4, and DDR5 at $1.09, $3.88, and $5.17 respectively, reflecting increases of 13.5%, 42.6%, and 33.2% from their lowest points [8]. - For NAND chips, the report states that the prices for 256GB and 512GB SSDs peaked at $19.0 and $33.0, showing increases of 86.3% and 73.7% from their lowest points [8]. Investment Recommendations - The report emphasizes that current prices for DRAM and NAND chips are stabilizing after previous fluctuations, suggesting a cautious outlook for future price movements [8]. - It recommends monitoring module-related companies, particularly Jiangbolong, as they may benefit from the current market conditions [8].