CITIC Securities: Similar to the storage super cycle, this round of the electronic fabric cycle may be even more intense

robot
Abstract generation in progress

Rui Finance Yan Minghui Recently, CITIC Securities research reports believe that the upward logic of this storage cycle is driven by supply optimization and AI demand. Storage manufacturers focus on high-profit products, compressing the supply of mainstream storage, causing prices to rise rapidly and increasing price elasticity. According to Bloomberg, the spot prices of mainstream DRAM/NAND chips have increased by up to 223%, lasting for 12–18 months.

Referring to storage, this electronic fabric demand cycle is mainly driven by AI demand, which has stronger growth and sustainability, and AI demands more specialized electronic fabrics. In the super cycle, the research report suggests that the 7628 electronic fabric may also reach new high prices. Considering the rapid growth of AI demand, the report forecasts that the demand for specialized fabrics could increase by 100% by 2026.

Due to capacity bottlenecks in Toyota’s weaving machines, the report believes that by 2026, specialized electronic fabrics will still be in short supply, and companies will be motivated to continue shifting production to specialized fabrics driven by marginal profits.

Related company: CITIC Securities sh600030

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский язык
  • Français
  • Deutsch
  • Português (Portugal)
  • ภาษาไทย
  • Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)