Goldman Sachs: The fundamentals of the DRAM market are stable, but investor sentiment is weakening.

Sina Finance reported on March 31st that Goldman Sachs' latest report pointed out that the March DRAM market has shown subtle divergence, with the supply-demand fundamentals not deteriorating but investor confidence noticeably waning. The report stated that the strong exports and revenue growth of South Korean and Taiwanese DRAM manufacturers demonstrate the resilience of the supply-demand aspect, but the spot prices of DDR5, the decline in Chinese smartphone shipments, and concerns over memory demand optimization caused by TurboQuant constitute short-term pressures. Nevertheless, the logic of total demand growth brought about by the expansion of AI applications has not been broken.