Expect Pricier SSDs & HDDs As Storage Vendors Noted Increased Demand

Expect Pricier SSDs & HDDs As Storage Vendors Noted Increased Demand

The days of cheap SSDs are truly over, following a price crash as a result of oversupply, and it’s all thanks to AI. Last year, the SSD market was slowly but surely recovering from the record-low market pricing – but thanks to the booming AI sector, demand for storage has skyrocketed, and as a result, prices are going up.

TrendForce reports that Western Digital first announced the price hike to its customers, which Seagate later followed. In the published Seagate document, the company cites “reduced manufacturing capacity”, limiting its ability to meet the customers’ demand, as well as “global inflationary pressures.” The letter continued with the expectation that supply constraints will persist, and prices “will continue to increase in the coming quarters” as a result.

As reported by TechNews, the storage shortages for high-capacity HDDs will potentially last through the entire 2024, with prices expected to rise between 5-10% in the next quarter. The Taiwanese outlet previously reported that production cutbacks from various memory vendors have caused the NAND prices to go up by 25%, which directly impacted SSD’s pricing.

In any case, whether you’re looking for SSDs or HDDs in various kinds of use cases – we recommend you buy it soon as the pricing is not going down with the way AI businesses are looking to eat up the hardware supply.

Pokdepinion: Not looking forward to the new prices, that’s for sure.