Market Overview - On September 22, the storage sector saw gains in memory, flash memory, and storage chips, with notable performances from companies like Demingli and Wanrun Technology, which hit the daily limit, and others like Kaipu Cloud and Juchen Co., which rose over 10% [1] Company Performance - Demingli (001309.SZ) achieved a price of 155.11 with a 10.00% increase, focusing on enterprise-level storage applications in servers and data centers, with a market cap of 24.783 billion [2] - Wanrun Technology reached a price of 15.82, up 10.01%, with a market cap of 13.372 billion, and is involved in semiconductor storage [2] - Juchen Co. (002654.SZ) saw a 14.57% increase, focusing on EEPROM technology and collaborating on DDR5 memory [2] - Kaipu Cloud (688123.SS) is planning to acquire a 70% stake in Nanning Taike, expanding its semiconductor storage product line [2] - Other companies like Xiangnan Zhichuang and Zhaoyi Innovation also reported gains, with Zhaoyi Innovation being ranked third globally in NOR Flash market [2] Industry Events - Morgan Stanley upgraded the memory industry rating from "neutral" to "attractive," predicting a super cycle driven by AI demand leading to supply shortages, particularly in traditional flash memory [3] - The report highlighted that NOR flash is expected to remain in low supply until 2026 due to competition for production capacity from higher-margin products [3] - DDR4 supply is projected to be insufficient by 10% to 15% from Q4 2025 to Q2 2026, with price increases expected due to urgent orders in the cloud server sector [4] Price Adjustments - Micron announced a price increase of 20%-30% for storage products, following SanDisk's 10% increase, with all DDR4 and DDR5 products halting quotes temporarily [4] - Samsung also informed clients of expected price hikes for DRAM and NAND products, with DRAM capacity projected to be only 20% of 2025 levels [4] Institutional Insights - The recent price adjustments by Micron and SanDisk are seen as a result of the AI-driven restructuring of the storage chip industry, leading to a widening supply gap for DDR4 [5] - Trendforce noted that HDD suppliers have not planned for capacity expansion, resulting in extended delivery times and an increasing shift towards SSDs due to narrowing price differences [5] - The NAND market has maintained low capacity utilization, with expectations for price increases driven by high demand for enterprise SSDs [5]