Storage prices have risen significantly, bullish on the storage market outlook.

Shanxi Securities released a research report stating that since 2025, the consumer electronics sector has continued to recover, with the launch of new foldable screen smartphones and the advancement of artificial intelligence technology driving high demand for AI infrastructure. At the same time, the implementation of AI technology at the terminal has promoted upgrades in terminal hardware, pushing the demand for components such as SOC and thermal materials to remain strong. The report is optimistic about investment opportunities in AI infrastructure, terminal SOC, foldable screen smartphone supply chain, and storage industry chain, maintaining a "hold" rating for the electronics industry. The report mentions that on October 20th, TrendForce released a market report showing that in the spot market last week, the DRAM spot market continued to maintain a strong trend, with spot prices for DDR4 and DDR5 chips increasing by 15% to 20%, and the NANDFlash spot market also continued to rise strongly, with an average price increase of 15% to 20% for various capacities. On October 25th, China Business reported on South Korean media reports that Samsung and SK Hynix have notified customers that contract prices for DRAM and NAND in the fourth quarter will be raised by up to 30%. The bank believes that AI demand is driving a significant increase in storage demand, leading to a sharp rise in storage prices. Specifically, due to storage manufacturers switching production to HBM, DDR5, and high-capacity NAND, DDR4 and small-capacity NAND prices have risen even higher. The increase in storage prices further catalyzes downstream hoarding demand, in turn driving up storage prices. As storage expansion takes a long time, the bank believes that the robust growth in AI computing power demand will sustain the prosperity of the storage market for a longer period.