全球NAND芯片供应短缺

芯工厂2025-09-13

最新报告指出，AI时代正式推进至NAND技术领域，预期将带动新一波产业成长动能。过去两年，虽然AI投资热度高涨，NAND却未能成为市场焦点。然而，随着AI推理需求快速成长，以及对高速、高容量、具随机I/O存取能力的解决方案需求日益提升，NAND市场开始回温，QLC eSSD因高效能与成本优势，成为AI应用中最具潜力的选择。随着HDD供应可能自2026年底至2027年初出现瓶颈，Nearline ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2567442138?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-09-13 12:24","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2567442138","market":"us","top_or_hot":-1,"title":"全球NAND芯片供应短缺","media":"芯工厂","content":"<div>\n<p>最新报告指出，AI时代正式推进至NAND技术领域，预期将带动新一波产业成长动能。过去两年，虽然AI投资热度高涨，NAND却未能成为市场焦点。然而，随着AI推理需求快速成长，以及对高速、高容量、具随机I/O存取能力的解决方案需求日益提升，NAND市场开始回温，QLC eSSD因高效能与成本优势，成为AI应用中最具潜力的选择。随着HDD供应可能自2026年底至2027年初出现瓶颈，Nearline ...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250913123123978ebc79&s=b\">网页链接</a>\n\n</div>\n","source":"tencent","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>全球NAND芯片供应短缺</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n全球NAND芯片供应短缺\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-13 12:24 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250913123123978ebc79&s=b><strong>芯工厂</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>最新报告指出，AI时代正式推进至NAND技术领域，预期将带动新一波产业成长动能。过去两年，虽然AI投资热度高涨，NAND却未能成为市场焦点。然而，随着AI推理需求快速成长，以及对高速、高容量、具随机I/O存取能力的解决方案需求日益提升，NAND市场开始回温，QLC eSSD因高效能与成本优势，成为AI应用中最具潜力的选择。随着HDD供应可能自2026年底至2027年初出现瓶颈，Nearline ...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250913123123978ebc79&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4526","symbol_name":"热门中概股","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250913123123978ebc79&s=b","article_id":"2567442138","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250913123123978ebc79&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, .wx-sou","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2567442138","pubTimestamp":1757737456,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"最新报告指出，AI时代正式推进至NAND技术领域，预期将带动新一波产业成长动能。过去两年，虽然AI投资热度高涨，NAND却未能成为市场焦点。同时，HBF被视为解决AI丛集存储容量瓶颈的关键技术，预估将导致2026年NAND供应短缺达2%。在最乐观情境下，近线SSD将自2026年起逐步取代近线HDD，市占率可望达5%，进一步推升NAND缺口至8%。自2022年以来，NAND产业因库存过剩而陷入供给过剩状态。主要CSP已与供应商展开2026年AI NAND与近线SSD的大量订单洽谈。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"BK4526":"热门中概股","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","BK4141":"半导体产品","EPS":"WisdomTree U.S. LargeCap Fund","SIMO":"慧荣科技","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","BK4585":"ETF&股票定投概念","BK4588":"碎股"},"translate_title":"Global NAND chip supply shortage","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SIMO":0.9,"EPS":1},"content_text":"最新报告指出，AI时代正式推进至NAND技术领域，预期将带动新一波产业成长动能。过去两年，虽然AI投资热度高涨，NAND却未能成为市场焦点。然而，随着AI推理需求快速成长，以及对高速、高容量、具随机I/O存取能力的解决方案需求日益提升，NAND市场开始回温，QLC eSSD因高效能与成本优势，成为AI应用中最具潜力的选择。随着HDD供应可能自2026年底至2027年初出现瓶颈，Nearline SSD有望加速导入，成为更具成本效益的替代选项。同时，HBF被视为解决AI丛集存储容量瓶颈的关键技术，预估将导致2026年NAND供应短缺达2%。在最乐观情境下，近线SSD将自2026年起逐步取代近线HDD，市占率可望达5%，进一步推升NAND缺口至8%。自2022年以来，NAND产业因库存过剩而陷入供给过剩状态。然而，随着市场逐步消化库存，2026年供需将趋于平衡，并可能因云端服务供应商（CSP）采购计划而出现上行空间。主要CSP已与供应商展开2026年AI NAND与近线SSD的大量订单洽谈。2025年第4季起消费市场疲弱导致采购放缓，但本轮下行周期预料将较以往温和，投资人对2026年上半年消费疲弱已有预期，市场焦点逐渐转向下半年可能出现的供应紧张。在此波结构性成长中，SanDisk（美国）、KIOXIA（日本）与三星（韩国）为最大受益者。在大中华半导体板块中，群联与朗科因NAND价格回升具利多，慧荣受惠于零组件需求成长，皆获得“优于大盘”。在日本半导体设备领域中，Advantest与Disco因与HBF相关性高而获青睐，相较之下，Lam Research（美国）因NAND资本支出展望保守及中国市场限制，评等偏向保守。在硬盘领域，Western Digital与Seagate同样受惠于AI带动的资料量成长，预期将迎来“水涨船高”的利多效应。针对上述重点持股，2026年每股盈利（EPS）预估平均高出市场共识26%，显示市场对AI NAND长期成长潜力仍低估。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2567442138","isCrawlerRequest":true}