Group 1 - TrendForce forecasts a 45-50% quarter-over-quarter increase in final conventional DRAM contract prices for Q4, with overall DRAM contract prices expected to rise by 50-55% [1] - Adata's chairman anticipates a complete shortage of DRAM and NAND Flash in the first half of 2026, with NAND shortages expected to be deeper and with larger price increases than previously assessed due to reduced supply from earlier DRAM capacity constraints [1] - The "14th Five-Year Plan" emphasizes technological self-sufficiency, positioning the domestic computing power sector as a market focus, while also maintaining optimism about the storage cycle and innovation cycle in consumer electronics driven by the AI wave [1] Group 2 - The Guotai 50 ETF (159375) tracks the ChiNext 50 Index (399673), which has a daily price fluctuation of 20%, reflecting the performance of 50 high liquidity and large market capitalization stocks from the ChiNext market [1] - The index's constituent stocks are primarily distributed across high-growth sectors such as power equipment and biomedicine, showcasing a combination of technological innovation and sustained growth potential [1]

Nov. 26, 2025 根据TrendForce集邦咨询最新调查，2025年第三季由于一般型DRAM(conventional DRAM)合约价上 涨、出货量季增，且HBM出货规模扩张， 推升DRAM产业营收较前一季成长30.9%，达414亿美元 。 展望第四季，随着原厂库存普遍见底，出货位元季增幅将明显收敛。价格部分，由于云端服务供应商 (CSP)对采购价格态度较开放，其他应用需跟进价格涨幅，以确保原厂的供应量，预期将导致先进及 成熟制程、各主要应用的合约价快速攀升， 预估第四季最终conventional DRAM合约价将季增45- 50%，conventional DRAM及HBM合并的整体合约价亦将上涨50-55% 。 | Ranking | Company | | Revenue (US$M) | | Market Share | | | --- | --- | --- | --- | --- | --- | --- | | | | 3Q25 | 2Q25 | QoQ | 3Q25 | 2Q25 | | 1 | SK hynix | 13,750 | 12,229 | 12.4% | 33.2% ...

智通财经APP获悉，TrendForce集邦咨询最新调查显示，2025年第三季由于一般型DRAM(conventional DRAM)合约价上涨、出货量季增，且HBM出货规模扩张，推升DRAM产业营收较前一季成长30.9%， 达414亿美元。 展望第四季，随着原厂库存普遍见底，出货位元季增幅将明显收敛。价格部分，由于云端服务供应商 (CSP)对采购价格态度较开放，其他应用需跟进价格涨幅，以确保原厂的供应量，预期将导致先进及成 熟制程、各主要应用的合约价快速攀升，预估第四季最终conventional DRAM合约价将季增45-50%， conventional DRAM及HBM合并的整体合约价亦将上涨50-55%。 | Ranking | Company | | Revenue (US$M) | | Market Share | | | --- | --- | --- | --- | --- | --- | --- | | | | 3Q25 | 2Q25 | QoQ | 3Q25 | 2Q25 | | 1 | SK hynix | 13,750 | 12,229 | 12.4% | 33.2% | 38.7% ...