【中信证券：NAND有望Q2起涨模组环节将迎利润拐点】中信证券研报指出，随原厂控产影响显现，行业库存逐步消化，AI拉动需求提升，我们预计主流NAND Flash 价格有望于25Q2开涨，DRAM价格有望于25H2企稳向好，存储模组涨价早于晶圆端，国内模组厂商主要布局NAND产品，25Q2有望迎利润拐点，低价存货有望带来利润弹性，估值有望率先提升，建议关注模组环节投资机会。

金融界2025-02-28

中信证券研报指出，随原厂控产影响显现，行业库存逐步消化，AI拉动需求提升，我们预计主流NAND Flash 价格有望于25Q2开涨，DRAM价格有望于25H2企稳向好，存储模组涨价早于晶圆端，国内模组厂商主要布局NAND产品，25Q2有望迎利润拐点，低价存货有望带来利润弹性，估值有望率先提升，建议关注模组环节投资机会。

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