研报 | AI需求刺激企业级SSD增长，预计2025年第三季NAND Flash价格有望上涨

Core Insights - The cloud service providers (CSPs) in North America are significantly increasing their investments in AI, which is expected to drive the demand for enterprise SSDs, leading to a tight supply situation by Q3 2025 and a potential price increase of around 10% [1] - The NAND Flash market is gradually moving towards a supply-demand balance due to conservative production strategies by suppliers, although recent market dynamics have introduced price volatility [1][2] - There is a resurgence in storage demand driven by the release of high-end AI servers like NVIDIA's GB200 and an increase in HDD orders reflecting corporate expansion trends, indicating a positive outlook for both SSD and HDD orders due to capital expenditure growth [2] Summary by Sections - Market Dynamics: The enterprise SSD market is expected to experience significant growth due to low inventory levels and increased demand from CSPs investing in AI [1] - NAND Flash Market: The NAND Flash market is stabilizing as suppliers adopt conservative production strategies, but external factors have introduced uncertainties in pricing [1][2] - Storage Demand Trends: The demand for storage is recovering, supported by high-end AI server shipments and increased HDD orders, suggesting a robust growth trajectory for storage solutions [2]