Meritz Securities: Server DRAM Spot Prices Surge, Memory Stocks May Repeat February Rally

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Meritz Securities reported on July 20 that server DRAM spot prices have surged to over $3,100, a 146% increase from the June end contract price of $1,380. The spike is driven by AI demand from Saudi sovereign projects, new AI data center testing, and constrained supply. The growing gap between spot and contract prices mirrors the January market rally. The firm anticipates that upcoming hyperscaler earnings will push contract prices higher, potentially boosting memory stocks and key altcoins to watch.

Huo Xing Cai Jing reports that, on July 20, Meritz Securities noted a recent sharp surge in spot prices for server DRAM, with spot prices exceeding $3,100—a 146% premium over the $1,380 contract price at the end of June. Key drivers include demand from sovereign AI projects such as those in Saudi Arabia, testing needs for new AI data centers, and extremely tight supply from vendors. Meritz Securities emphasized that the spread between spot and contract prices is a critical indicator, with spot prices rising significantly since mid-July due to surging AI demand. The firm believes the current situation resembles the sudden order rush in the server market in January and predicts that contract price adjustments following hyperscaler earnings reports could trigger a rebound in memory stocks.

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