HBM售罄！内存“涨潮”席卷全年

半导体新知道02-23

全球存储芯片行业，正迎来一个前所未有的“卖方市场”。近日，SK海力士在虚拟投资者会议上表示，受人工智能客户强劲需求与供应增长有限的共同推动，预计存储芯片价格将在2026年全年持续上涨。目前的供需紧张已达近年高点。供应端的物理限制是核心瓶颈。全行业受限于洁净室空间不足，产能无法快速扩张。客户意识到重复下单不仅无法获得更多芯片，反而会进一步推高价格。从库存看，服务器客户库存已趋健康，而PC和移动客户...

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/2613744872?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2026-02-23 06:30","share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","id":"2613744872","market":"us","top_or_hot":-1,"title":"HBM售罄！内存“涨潮”席卷全年","media":"半导体新知道","content":"<div>\n<p>全球存储芯片行业，正迎来一个前所未有的“卖方市场”。近日，SK海力士在虚拟投资者会议上表示，受人工智能客户强劲需求与供应增长有限的共同推动，预计存储芯片价格将在2026年全年持续上涨。目前的供需紧张已达近年高点。供应端的物理限制是核心瓶颈。全行业受限于洁净室空间不足，产能无法快速扩张。客户意识到重复下单不仅无法获得更多芯片，反而会进一步推高价格。从库存看，服务器客户库存已趋健康，而PC和移动客户...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026022306444497a6ace3&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>HBM售罄！内存“涨潮”席卷全年</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\">\nHBM售罄！内存“涨潮”席卷全年\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-23 06:30 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026022306444497a6ace3&s=b><strong>半导体新知道</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全球存储芯片行业，正迎来一个前所未有的“卖方市场”。近日，SK海力士在虚拟投资者会议上表示，受人工智能客户强劲需求与供应增长有限的共同推动，预计存储芯片价格将在2026年全年持续上涨。目前的供需紧张已达近年高点。供应端的物理限制是核心瓶颈。全行业受限于洁净室空间不足，产能无法快速扩张。客户意识到重复下单不仅无法获得更多芯片，反而会进一步推高价格。从库存看，服务器客户库存已趋健康，而PC和移动客户...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026022306444497a6ace3&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":"LU0127658192.USD","symbol_name":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026022306444497a6ace3&s=b","article_id":"2613744872","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN2026022306444497a6ace3&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=2613744872","pubTimestamp":1771799441,"columns":[],"sourceInfo":{"source_id":"tencent","name":"腾讯"},"weMediaInfo":null,"summary":"近日，SK海力士在虚拟投资者会议上表示，受人工智能客户强劲需求与供应增长有限的共同推动，预计存储芯片价格将在2026年全年持续上涨。更关键的是，作为供应方的SK海力士自身库存已极其单薄，其DRAM和NAND库存均仅维持在约4周的正常水平，且预计全年将继续下降。备受瞩目的HBM情况尤为严峻。SK海力士明确表示，2026年的HBM产能已全部售罄，生产计划分配完毕，且很难在今年内为HBM和紧缺的标准型DRAM进行产线调整。","collect":0,"end_time":0,"defaultTopTitle":"qq.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4579":"人工智能","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","BK4588":"碎股","BK4605":"半导体精选","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","MU":"美光科技","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","BK4554":"元宇宙及AR概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4532":"文艺复兴科技持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4527":"明星科技股","BK4543":"AI","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","BK4553":"喜马拉雅资本持仓","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4512":"苹果概念","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","BK4141":"半导体产品","BK4585":"ETF&股票定投概念","MUD":"1倍做空MU ETF-Direxion","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","MULL":"2倍做多MU ETF-GraniteShares","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0056508442.USD":"贝莱德世界科技基金A2","BK4575":"芯片概念","BK4566":"资本集团","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0109392836.USD":"富兰克林科技股A"},"translate_title":"HBM Sold Out! Memory \"rising tide\" sweeps through the year","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MUD":0.6,"MU":1.86,"MULL":0.6},"content_text":"全球存储芯片行业，正迎来一个前所未有的“卖方市场”。近日，SK海力士在虚拟投资者会议上表示，受人工智能客户强劲需求与供应增长有限的共同推动，预计存储芯片价格将在2026年全年持续上涨。目前的供需紧张已达近年高点。供应端的物理限制是核心瓶颈。全行业受限于洁净室空间不足，产能无法快速扩张。客户意识到重复下单不仅无法获得更多芯片，反而会进一步推高价格。从库存看，服务器客户库存已趋健康，而PC和移动客户库存正在下降。更关键的是，作为供应方的SK海力士自身库存已极其单薄，其DRAM和NAND库存均仅维持在约4周的正常水平，且预计全年将继续下降。目前存储芯片的定价权，牢牢掌握在卖方手中。市场研究公司TrendForce预测，仅2026年第一季度，DRAM和NAND闪存的价格就将分别猛涨90%至95%和55%至60%。另有消息称，三星电子正为其最新一代AI存储芯片定价，价格可能比上一代高出至多30%。备受瞩目的HBM（高带宽内存）情况尤为严峻。SK海力士明确表示，2026年的HBM产能已全部售罄，生产计划分配完毕，且很难在今年内为HBM和紧缺的标准型DRAM进行产线调整。这种极度紧张的供需关系，正推动SK海力士与主要客户商讨多年期长期合约，并可能为2027年的HBM业务带来更有利的条款。谷歌DeepMind首席执行官德米斯·哈萨比斯指出，内存芯片“整个供应链”都受限。英特尔CEO陈立武则警告，AI发展的瓶颈已从“算力”转向“内存”，短缺问题在2028年前都不会缓解。Bernstein分析师警告，内存价格呈“抛物线式”上涨，虽然利好三星、美光、SK海力士等巨头，但Counterpoint Research指出，成本飙升可能迫使利润受压的电子产品公司，让一些低价智能手机彻底退出市场。声明：以上内容整理自网络，仅供交流学习之用。如有任何疑问或异议，请留言与我们联系。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"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/2613744872","isCrawlerRequest":true}