国元证券-存储行业报告：AI需求和制程升级，行业加速步入新一轮增长周期-250621

市场资讯2025-06-21

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！（转自：研报虎）报告要点：　　1)二季度DRAM整体价格上涨超预期。价格的上涨主要来自供应链供需结构的持续优化。下游AI需求带动产业主要原厂技术升级加速和在利基型存储芯片上的退出。从趋势上看，三季度价格仍有望保持一定的上涨空间。　　2)从供应端角度，我们认为25年是DRAM行业供应结构变化的重要节点。这体现在原厂加速退出...

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