半导体存储器超级周期来袭：泡沫还是机遇？

财经实验室TheF...01-30

2026年全球半导体存储器市场正在上演一场“超级周期”。据最新行业数据，DRAM存储器在2025年11–12月的大宗交易价格比9月谈判价格上涨约40%，某些老产品甚至同比涨幅超过3倍。供需失衡已经不仅体现在价格上涨，更造成了市场难以按需采购的局面。这轮涨价催化剂主要来自AI服务器对高带宽存储（HBM）和新一代内存产品的大量需求。为追求AI性能，全球领先的存储巨头三星、SK海力士、美光等纷纷优先将...

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