According to tracking data from multiple market research institutions, global DRAM spot prices have risen for three consecutive quarters since the second half of 2025, with mainstream DDR4 and DDR5 chips both increasing by over 20%. The original factory's proactive production reduction combined with the demand for AI servers and terminal stocking has pushed inventory back to a healthy level. Analysts point out that the storage industry has obvious cyclicality, and this round of upward trend is mainly driven by supply side contraction and structural demand growth. For downstream manufacturers and distributors, locking in long-term production capacity and optimizing inventory strategies in advance will become the key to dealing with price fluctuations.