SSD 256GB

Search documents
东方证券:存储涨价情绪持续升温 持续看好国产存储产业链
智通财经网· 2025-09-23 07:17
Group 1 - Micron has decided to suspend quotes for DDR4, DDR5, LPDDR4X, and LPDDR5X, with industry rumors suggesting a potential price increase of 20%-30% for channel storage products [1][2] - The supply-demand balance is shifting towards a seller's market, leading to a price surge for DDR4 and LPDDR4X starting from Q2, which is expected to continue into the first half of next year [1][2] - The supply of DDR5 and LPDDR5X is expected to tighten in the second half of the year due to HBM capacity constraints and the transition between old and new processes, resulting in a comprehensive price increase in the DRAM market [1][2] Group 2 - NAND storage price increase sentiment is rising, with SanDisk announcing price hikes, leading to a rapid increase in industry and channel market prices [1][2] - Flash wafer prices have risen by 1.82%-6.25%, with the highest weekly increase for SSD 256GB in the industry market reaching 8.62% [1][2] - The supply side is implementing price increase strategies for certain NAND resources, significantly raising the urgency for industry clients to procure, with expectations of continued price increases for enterprise storage in Q4 due to rising demand [1][2] Group 3 - Samsung's 12-layer stacked HBM3E has successfully passed NVIDIA certification, positioning itself in the HBM supply chain [3] - Samsung aims to develop the next-generation HBM4 technology, achieving a data transfer rate of 11Gbps, making it the first company to reach this milestone [3] - As original manufacturers increase investment in HBM competition and reduce niche DRAM capacity, domestic Tier 2 niche DRAM suppliers are expected to gain greater market space [3] Group 4 - The storage market remains robust, with domestic advanced storage capacity continuously expanding, driven by AI servers and terminals, alongside opportunities for domestic substitution [4] - Relevant stocks in the storage industry include: Zhaoyi Innovation (603986.SH), Puran (688766.SH), Demingli (001309.SH), Baiwei Storage (688525.SH), Beijing Junzheng (300223.SZ), Langke Technology (300042.SZ), Dongxin Co. (688110.SH), Jiangbolong (301308.SH), Hengshuo Co. (688416.SH), Wanrun Technology (002654.SZ), Deep Technology (000021.SZ), Tongyou Technology (300302.SZ), Juchen Co. (688123.SH), and Lianyun Technology (688449.SH) [4]