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

Odaily Planet Daily News Morgan Stanley has released its latest storage industry outlook, 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 increase in DRAM prices could significantly decline, making it difficult to replicate the quadrupling of prices seen in the previous year. The institution also noted that storage chip companies' expected price-to-book ratios for the next 12 months have room for revaluation, suggesting that the sector's valuation logic may be due for an adjustment.