On April 8, memory chip stocks continued to rise sharply. Shannon Xinchuang hit the 20% daily limit up, while GSUN surged over 15%. Dawei shares had earlier reached the limit up. Jiangbolong, Hengshuo, Shikong Technology, Netac Technology, Kaipuyun, Demingli, and Biwin Storage also followed with gains. On the news front, Shannon Xinchuang released its first-quarter 2026 earnings forecast on the evening of April 7, projecting net profit attributable to shareholders of 1.14 billion to 1.48 billion yuan, a massive year-on-year increase of 6,714.72% to 8,747.18%, surpassing the full-year net profit indicated in the company's 2025 earnings preview. Besides Shannon Xinchuang, Demingli also recently issued a Q1 forecast, expecting a net profit attributable to shareholders of 3.15 billion to 3.65 billion yuan, turning around from a loss of 69.0877 million yuan in the same period last year to substantial profitability. Recently, Samsung Electronics disclosed performance data, confirming a 755% year-on-year surge in operating profit to 57.2 trillion won for Q1 2026 under consolidated financial statements. Sales increased by 68.1% year-on-year to 133 trillion won. The quarterly operating profit exceeded market expectations of 41.8359 trillion won by 36.7%. As of press time on April 8, Samsung's stock rose nearly 8%, SK Hynix climbed over 14%, and SK Square, the largest shareholder of SK Hynix, surged 17%. The memory chip sector entered a super cycle of price hikes in 2026. After increasing DRAM contract prices by 100% in the first quarter, Samsung Electronics confirmed a further 30% rise in the second quarter, resulting in a cumulative increase of 130% over two quarters. TrendForce predicts Consumer DRAM contract prices will still rise by 45%-50% in Q2. Industry experts note that since 2026, global DRAM manufacturers have almost unanimously initiated a price hike cycle. This round of DRAM price increases is primarily driven by explosive growth in global AI investment. AI servers consume vast amounts of memory, and to meet the high-margin demand for AI chips, memory manufacturers are shifting production capacity to HBM and high-end DDR5, directly causing a significant reduction in general-purpose DRAM supply.
Comments