#伯恩斯坦称存储牛市可持续至2027年 Bernstein: Storage Bull Market Sustainable Through 2027, High-Speed Price Rises Over


Wall Street investment bank Bernstein released its monthly storage industry report, stating that the current storage bull market is expected to continue until 2027, but the phase of rapid price increases has already passed.
Data shows that in Q2, DRAM average prices surged 74% quarter-over-quarter, with strong support from server and mobile demand. Server DRAM and Mobile DRAM rose over 60% and close to 80% respectively; server DDR5 supply is tight in the spot market.
The institution predicts that DRAM price increases will slow to 13%-18% in Q3, as weak demand for terminal consumer electronics may gradually weigh on the market.
The NAND market shows divergence: wafer spot prices weakened, but mobile and SSD storage price hikes drove overall contract prices up 60%. Long-term orders locked in by AI cloud vendors are the core cyclical variable. The investment bank maintains positive ratings on Samsung, SK Hynix, Micron, and SanDisk, while taking a cautious view of Kioxia; from H2 2027 to 2028, as capacity comes online and long-term orders are fulfilled, storage prices will gradually return to normal.
DRAM3.90%
MU4.08%
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#伯恩斯坦称存储牛市可持续至2027年 Bernstein: Storage Bull Market Sustainable Through 2027, High-Speed Price Rises Over

Wall Street investment bank Bernstein released its monthly storage industry report, stating that the current storage bull market is expected to continue until 2027, but the phase of rapid price increases has already passed.

Data shows that in Q2, DRAM average prices surged 74% quarter-over-quarter, with strong support from server and mobile demand. Server DRAM and Mobile DRAM rose over 60% and close to 80% respectively; server DDR5 supply is tight in the spot market.

The institution predicts that DRAM price increases will slow to 13%-18% in Q3, as weak demand for terminal consumer electronics may gradually weigh on the market.

The NAND market shows divergence: wafer spot prices weakened, but mobile and SSD storage price hikes drove overall contract prices up 60%. Long-term orders locked in by AI cloud vendors are the core cyclical variable. The investment bank maintains positive ratings on Samsung, SK Hynix, Micron, and SanDisk, while taking a cautious view of Kioxia; from H2 2027 to 2028, as capacity comes online and long-term orders are fulfilled, storage prices will gradually return to normal.
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HighAmbition
· 11h ago
thnxx for the update
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