ChainThink report, July 19: According to a recent report by South Korea's Meritz Securities, sovereign AI investors from the Middle East, including Saudi Arabia, have begun discussions with South Korean memory chip manufacturers regarding medium- to long-term procurement plans for storage products.

The report notes that rising demand has triggered upward pricing pressure in the server DRAM spot market, with high-end products featuring bus speeds of 6400Mbps showing particularly pronounced price increases.

Spot prices for 64GB DDR5 server DRAM have risen to between $3,100 and $3,400 since mid-July, representing a peak increase of approximately 146% compared to the contract price of around $1,380 at the end of June.

Meritz Securities expects that server DRAM contract prices could see a sequential increase exceeding the current market expectation of approximately 15% in Q3 2026;

suppliers adopting more flexible and customer-friendly pricing models in Q2 may see even steeper price hikes in Q3 and Q4.