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Micron Technology closed up 11.7% on Thursday, driving the global storage chip sector to rebound. Morgan Stanley analysts stated that this round of adjustment is a phased pullback in the upward cycle, with the construction of artificial intelligence infrastructure driving up DRAM demand. Wolf Research points out that the demand for AI data centers exceeds the growth rate of supply, and DRAM and NAND prices will remain high in the coming years. Analysts remind that the storage cycle is caused by oversupply due to supply expansion, and the high prosperity will continue until 2028 depending on industry capacity discipline and the degree to which AI demand is fulfilled.