Chuyên gia Citrini tiếp tục duy trì triển vọng tích cực đối với ngành lưu trữ giữa lo ngại về giá NAND

The Huoxing Finance report states that on July 25, Citrini analyst Jukan published a response addressing recent market rumors regarding bearish notes on NAND and negative news about QLC pricing negotiations. It is not surprising that SanDisk accepted a price lower than its initial quote when signing a long-term agreement with Meta; SanDisk is the most aggressive NAND manufacturer in pursuing LTAs, planning to allocate over 50% of its total shipments to such agreements. Naturally, this strategy makes it willing to accept LTA prices below the current quarterly contract price, and this cannot be used to infer that "SanDisk cannot seamlessly resell all its orders to North American customers offering higher prices." Regarding rumors that Chinese module manufacturers were rejected by domestic CSPs when promoting eSSDs, Jukan explained that Chinese CSPs have direct procurement channels from YMTC rather than lacking demand. As for the claim that hyperscale cloud providers are pressuring QLC eSSD prices, leading to unsold volumes, Jukan believes new cloud providers have sufficient demand to absorb these volumes. Jukan concluded that negative headlines tend to be amplified when storage stocks underperform, but the fundamentals have not materially deteriorated. He reiterates his "still bullish on storage" stance. Previously, Jukan stated that DRAM contract prices still have approximately 40% upside potential through the end of 2027 and that HBM supply remains tight; this clarification regarding NAND further solidifies his bullish position on the entire storage sector.