Morgan Stanley: DRAM Contract Price Growth May Peak in Q4, Storage Company Valuations Face Reassessment

Odaily Planet Daily News Morgan Stanley released its latest views on the storage industry, predicting that the year-over-year growth rate of DRAM contract prices will peak in the fourth quarter of 2026. The report indicates that after Q4, the year-over-year price increase for DRAM is likely to decline significantly, and the previous scenario of prices quadrupling within a year is unlikely to be repeated. The institution also noted that storage chip companies currently have room for a reassessment of their forward 12-month price-to-book ratios, suggesting that sector valuation logic may be due for an adjustment.