美银：上调内存芯片预测，预计伊朗冲突不会导致供应削减！

Group 1 - The current concerns regarding supply chain disruptions related to the conflict with Iran appear limited, as memory chip manufacturers hold sufficient inventory of critical materials needed for semiconductor manufacturing, estimated at about four to six months of supply, reducing the risk of shortfalls in the near term [2] - Companies are diversifying their supply sources by increasing orders from U.S. and Japanese manufacturers to offset potential disruptions in the region, and concerns surrounding energy supply interruptions seem manageable due to the availability of additional liquefied natural gas shipments from the U.S. and alternative power sources [3] - Therefore, it is expected that there will be no reduction in memory chip production related to the conflict with Iran [4] Group 2 - The company has raised its forecasts for memory chip prices and industry revenues, citing strengthening contract pricing trends and improved demand, with an upward revision for the average selling price of DRAM in Q1 and expectations for NAND pricing to also strengthen due to tightening supply conditions and ongoing demand from AI infrastructure and data centers [5] - The global memory market is expected to achieve stronger revenue growth by 2026, driven by AI-driven demand and improvements in pricing for DRAM and NAND segments as the sector continues to recover from previous years of sluggishness [5]