长城证券：AI服务器推动HBM需求高增算力激战催生供需新格局

智通财经2025-08-22

‌智通财经APP获悉，长城证券发布研报称，AI大算力浪湖催生新动能，芯片国产替代坚定推进，重点关注AI产业链相关公司及“龙头低估”&“困境反转”企业。国产AI存力产业链方面，供给端减产及AI相关需求强劲，推动存储价格继续上涨，TrendForce预计25Q3 DRAM合约价环比提升5%~10%，NAND合约价环比提升5%~10%。同时，国内云计算与互联网厂商资本开支增长，国产替代趋势不改。长城证券...

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长城证券：AI服务器推动HBM需求高增 算力激战催生供需新格局

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长城证券：AI服务器推动HBM需求高增算力激战催生供需新格局