AI Demand Pushes Enterprise SSD Prices Up 25% in Q2




/ 4 weeks ago
AI Demand Pushes Enterprise SSD Prices Up 25% in Q2, Supplier Revenues Jump by Over 50%

The increasing demand for enterprise SSDs, largely driven by the deployment of AI applications and NVIDIA GPU platforms, led to a significant price increase in Q2 2024. According to TrendForce’s recent report (thanks TechPowerUP), a surge in demand from server brands and a shortage in supply pushed enterprise SSD contract prices up by 25% quarter-on-quarter (QoQ). This price hike has boosted supplier revenues by over 50%.

AI and Storage Needs Drive SSD Market Growth

The second quarter of 2024 saw suppliers struggle to adjust their production capacities to meet the growing demand for high-capacity SSDs, primarily driven by AI storage needs. As a result, server brands and cloud service providers (CSPs) continued to increase their orders. Looking ahead to Q3, TrendForce forecasts a further 15% rise in SSD contract prices, with supplier revenues expected to climb by nearly 20%.

“Samsung maintained its leadership position in Q2, with revenues hitting $2.48 billion,” the report stated. The company benefited from the market recovery and increased orders for its PCIe 5.0 products. SK hynix also saw growth, with total revenues reaching $1.824 billion, thanks to increased shipments of its QLC SSDs.

Micron, ranked third in market share, significantly boosted its shipment volumes with the early mass production of high-capacity SSDs. Other major players like Kioxia and WDC also experienced growth in Q2, although WDC faced slower demand due to delays in PCIe interface product development.


Topics: ,

Support eTeknix.com

By supporting eTeknix, you help us grow and continue to bring you the latest newsreviews, and competitions. Follow us on FacebookTwitter and Instagram to keep up with the latest technology news, reviews and more. Share your favourite articles, chat with the team and more. Also check out eTeknix YouTube, where you'll find our latest video reviews, event coverage and features in 4K!

Looking for more exciting features on the latest technology? Check out our What We Know So Far section or our Fun Reads for some interesting original features.

eTeknix Facebook eTeknix Twitter eTeknix Instagram eTeknix Instagram
  • Be Social With eTeknix

    Facebook Twitter YouTube Instagram Reddit RSS Discord Patreon TikTok Twitch
  • Features


Send this to a friend
})