小摩：HBM规格降级不改紧缺底色，2026-2028年需求复合增速仍达63%

智通财经09-23 14:55

【小摩：HBM规格降级不改紧缺底色，2026-2028年需求复合增速仍达63%】智通财经APP获悉，摩根大通近日发布HBM存储行业研报，针对HBM规格降级的市场担忧，更新行业供需、下游需求、技术迭代、厂商竞争与投资判断。该行认为，即便出现规格下调，HBM供需仍持续偏紧，2026-2028年HBM比特需求复合增速仍达63%，价格上行趋势延续，存储板块具备投资价值。

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