DRAM，继续大涨

Core Viewpoint - The DRAM market is experiencing a price increase due to supply constraints as major manufacturers shift production from DDR4 to next-generation DDR5 and HBM for AI applications, leading to a scarcity of DDR4 products [2][5][6] Group 1: DRAM Price Trends - DRAM prices, particularly for DDR4, have been rising for four consecutive months, with the wholesale price for DDR4 8Gb reaching approximately $4.28, a 4% increase from the previous month [2] - The price of DDR4 16GB components rose nearly 7% in August to $9.17, while DDR5 16GB components decreased by 3% to $5.99, widening the price gap between the two generations [4] - The supply tightness has also affected DDR3, which saw a further increase of 13% following a 20% rise in July [4] Group 2: Manufacturer Strategies - Major manufacturers like Samsung, SK Hynix, and Micron are intentionally reducing DDR4 production to allocate resources for DDR5 and HBM, which are more profitable due to their applications in AI [5] - This strategic shift is causing DDR4 users to face higher costs, as the supply of DDR4 is being deliberately constrained [5] Group 3: Market Outlook - Analysts expect contract prices for DDR4 to continue rising through the end of the year, despite a weak spot market, as limited wafer allocations will keep contract prices elevated [6] - For users with older systems, purchasing DDR4 may be a wise choice, while newer systems should consider DDR5 for better value and future compatibility [6]