[Morgan Stanley Expects Storage Price Growth to Peak in Q4 This Year] According to a report by Jinse Finance, Morgan Stanley predicts that the growth rate of DRAM contract prices will peak in Q4 2026, followed by a significant year-on-year decline. In other words, it will be difficult to see a scenario like before where prices quadruple in a year. Meanwhile, the valuation of storage companies (expected price-to-book ratio for the next 12 months) remains to be reassessed. (Jin10)