Bernstein: Stored cattle market sustainable until 2027, with high-speed price increases ending

The Wall Street Investment Bank Bernstein publishes monthly reports from the storage industry indicating that the current round of storage of cattle is expected to continue until 2027, but the phase of rapid price escalation is over. The data show a 74 per cent increase in the DRAM average price ring in the second quarter, strong support from servers and mobile demand, over 60 per cent and close to 80 per cent for Server DRAM and Mobile DRAM, respectively, and high demand for DDR5 off-site servers. The three-quarter DRAM increase is forecasted to fall back to 13-18 per cent, and the end consumption e-demand is weak or will be gradually suppressed. The NAND market was divided and the price of the crystal round spot was weak, but the increase in mobile phone and SSD storage prices drove the overall contract price up 60 per cent. AI Cloudmaker lock-in is the core variable of the cycle. The investment bank maintains a positive rating of Samsung, SK Hercules, Light and Moody, and looks carefully at the Zenith; by the second half of 2027 to 2028, the price of storage will gradually return to normal。