Svmuu News: Wall Street investment bank Bernstein released its monthly report on the storage industry, noting that the current storage bull market is expected to continue through 2027, but the phase of rapid price increases has passed.Data shows that the average DRAM price surged 74% quarter-over-quarter in the second quarter, strongly supported by demand from servers and mobile devices. Server DRAM and Mobile DRAM prices rose by over 60% and nearly 80%, respectively; the spot market for server DDR5 remains tight due to strong demand and limited supply.Analysts predict that DRAM price growth will moderate to 13%–18% in the third quarter, as weak demand from the consumer electronics sector may gradually dampen the market.
The NAND market is showing mixed trends: while spot prices for wafers have weakened, price increases for mobile and SSD storage have driven overall contract prices up by 60%.Long-term contracts secured by AI cloud providers are the key variable in this cycle. Investment banks maintain positive ratings on Samsung, SK Hynix, Micron, and SanDisk, while taking a cautious view on Kioxia; from the second half of 2027 through 2028, as capacity comes online and long-term contracts are fulfilled, memory prices are expected to gradually return to normal levels.