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一瓢慢饮

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06-29 22:42

有没有拿着刀架你脖子上让你买？

三星、SK海力士、美光在美遭集体诉讼，涉嫌操纵内存价格

06-25

$SpaceX(SPCX)$ 害人精，害大盘分钱不赚的公司，靠吹泡泡就吸走几万亿，赶紧砸归零

06-25

这些预期次次都错，预期来干嘛

财报炸裂，华尔街密集上调美光目标价！

06-25

$美光科技(MU)$ 能高开高走吗

06-25

$美光科技(MU)$ 爆炸了

06-12

$SpaceX(SPCX)$ 也发个帖纪念一下，未来人类最伟大的企业！

05-13

看多英伟达

阿里巴巴CEO吴泳铭：阿里服务器几乎没有一张卡是空的

05-08

$宁德时代(03750)$ 每天假装高开，查查是哪个xd在挂虚假订单！

04-16

$华虹半导体(01347)$ 在这躲行情

04-08

$MINIMAX-WP(00100)$ 弱鸡

04-08

停火就好好停，别搞

消息称停火期间伊朗和阿曼将对通过霍尔木兹海峡船只收费

04-07

以后就自认老二吧！！！

美媒：特朗普表示可能调整对伊朗的最后期限

03-25

$兆易创新(03986)$ 长鑫什么时候ipo？没消息了？

03-19

扩大支出是在扩大规模呀，担忧个得，不扩大支出光靠涨价能赚几个钱

AI带动存储景气爆发！美光上季营收增近两倍，本季指引大超预期，财年支出料猛增

03-18

$智谱(02513)$ 我错了😭900亿时看不起你，下来让我上车吧！[流泪]

03-18

$腾讯控股(00700)$ 企鹅帝国的黄昏

03-05

$Figma(FIG)$ 下一个十倍股必然是它

03-04

$腾讯控股(00700)$ 稳扎稳打，这下江山都没了

03-03

$台积电(TSM)$ 算了，不看了，一直拿着好了，美股毕竟不是大a，有业绩支撑20几倍，市盈率能跌哪去

02-24

$智谱(02513)$ 严查啊严查啊！

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left;\">三星电子、SK海力士和美光科技被美国部分消费者起诉，指控其涉嫌合谋操纵内存价格。随着近期“芯片通胀”加剧——包括苹果产品提价——当地消费者和小企业已采取法律行动。</p><p style=\"text-align: left;\">据美国科技媒体Wccftech及法律刊物LAW360报道，14名个人消费者以及包括个人电脑零售商在内的三家小企业，于本月25日向加利福尼亚州联邦法院提起了诉讼。原告指控，这三家生产全球绝大部分DRAM的企业自2022年起在供应和定价上进行串通，导致过去四年间价格飙升约700%。</p><p style=\"text-align: left;\">原告称，这三家公司以向高带宽内存（HBM）转型为由，减少了DRAM的供应。“这些DRAM寡头企业系统性地协调了向HBM的转移，以及DDR3和DDR4的停产。”他们还表示，苹果近期全面上调产品价格是此次诉讼的导火索。</p><p style=\"text-align: left;\">这起诉讼目前规模尚小，但如果法院认可原告主张并正式批准为集体诉讼，规模可能进一步扩大。代表原告的反垄断律师事务所Bathaee Dunne正争取将此案定性为集体诉讼，以代表所有购买含DRAM产品的普通消费者和企业。该律所此前曾在一起指控谷歌数字广告串通的案件中胜诉。若原告最终在集体诉讼中胜诉，被告企业将须支付三倍赔偿。</p><p style=\"text-align: left;\">三星电子和SK海力士此前在美国曾因合谋行为被定罪，这一点也令人担忧。这两家公司均被认定在21世纪初在美国从事价格操纵，不仅被处以巨额罚款，还导致高管被判入狱。不过，包括投资银行杰富瑞（Jefferies）在内的业内机构预计，该诉讼至少在今年年底前不会影响内存价格。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/97dc49a1c38f37d8c33d7241fccf9976","relate_stocks":{"MUU":"2倍做多MU ETF-Direxion","07747":"南方两倍做多三星电子","MUD":"1倍做空MU 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Dunne正争取将此案定性为集体诉讼，以代表所有购买含DRAM产品的普通消费者和企业。该律所此前曾在一起指控谷歌数字广告串通的案件中胜诉。若原告最终在集体诉讼中胜诉，被告企业将须支付三倍赔偿。三星电子和SK海力士此前在美国曾因合谋行为被定罪，这一点也令人担忧。这两家公司均被认定在21世纪初在美国从事价格操纵，不仅被处以巨额罚款，还导致高管被判入狱。不过，包括投资银行杰富瑞（Jefferies）在内的业内机构预计，该诉讼至少在今年年底前不会影响内存价格。","news_type":1,"symbols_score_info":{"07747":2,"MU":2,"MUU":0.6,"MULL":0.6,"07709":2,"MUD":0.6}},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":579036538503312,"gmtCreate":1782396423113,"gmtModify":1782396748909,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$ </a> 害人精，害大盘分钱不赚的公司，靠吹泡泡就吸走几万亿，赶紧砸归零","listText":"<a href=\"https://laohu8.com/S/SPCX\">$SpaceX(SPCX)$ </a> 害人精，害大盘分钱不赚的公司，靠吹泡泡就吸走几万亿，赶紧砸归零","text":"$SpaceX(SPCX)$ 害人精，害大盘分钱不赚的公司，靠吹泡泡就吸走几万亿，赶紧砸归零","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/579036538503312","isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":579032065073184,"gmtCreate":1782395419878,"gmtModify":1782395812245,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"这些预期次次都错，预期来干嘛","listText":"这些预期次次都错，预期来干嘛","text":"这些预期次次都错，预期来干嘛","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/579032065073184","repostId":"2646087223","repostType":2,"repost":{"id":"2646087223","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1782387032,"share":"https://www.laohu8.com/m/news/2646087223?lang=zh_CN&edition=full","pubTime":"2026-06-25 19:30","market":"nz","language":"zh","title":"财报炸裂，华尔街密集上调美光目标价！","url":"https://stock-news.laohu8.com/highlight/detail?id=2646087223","media":"华尔街见闻","summary":"美银上调目标价至1550美元（原1500美元）；Baird大幅上调至1280美元（原500美元）；DA Davidson上调至2000美元；高盛上调至1100美元（原900美元）。美光当季营收、毛利率、EPS均超预期，NAND营收较预期高近三成，下季度指引再度上修，印证存储涨价周期加速，行业景气度持续强化。","content":"<html><head></head><body><blockquote><p>美银上调目标价至1550美元（原1500美元）；Baird大幅上调至1280美元（原500美元）；DA Davidson上调至2000美元；高盛上调至1100美元（原900美元）。美光当季营收、毛利率、EPS均超预期，NAND营收较预期高近三成，下季度指引再度上修，印证存储涨价周期加速，行业景气度持续强化。</p></blockquote><p style=\"text-align: left;\">美光科技交出本财年迄今最强季报，营收、盈利与毛利率三大核心指标全面大幅超出市场预期，并给出显著高于共识的下季度指引，推动存储行业景气度预期进一步上修。</p><p style=\"text-align: left;\">财报公布后，<strong>华尔街机构随即掀起密集上调目标价潮</strong>。美银证券将目标价从1500美元上调至1550美元，维持“买入”评级；投行Baird将目标价由500美元大幅上调至1280美元；金融机构DA Davidson亦上调至2000美元（华尔街最高目标价），维持“买入”评级；高盛也将目标价从900美元上调至1100美元，维持“中性”评级。</p><p style=\"text-align: left;\">高盛方面进一步指出，在DRAM与NAND价格持续上涨背景下，本季财报验证存储行业仍处加速上行周期。市场后续关注焦点将集中于管理层对16项战略客户协议进展、FY2027资本开支规划，以及传统存储需求结构变化的进一步指引。</p><h2 id=\"id_3667675630\" style=\"text-align: left;\">业绩全面超预期，NAND表现最为突出</h2><p style=\"text-align: left;\">截至2026年5月的第三财季，美光三大核心指标全面显著优于市场预期。</p><p style=\"text-align: left;\">公司实现营收414.56亿美元，同比大幅增长，较华尔街一致预期高出约14%。分业务看，DRAM营收313.28亿美元，整体高于市场预期约11%；<strong>NAND营收99.43亿美元，较预期高出约27.9%，成为本季最大超预期来源。</strong></p><p style=\"text-align: left;\">价格与出货双轮驱动下，DA Davidson指出，NAND比特出货量环比中个位数增长，而平均售价环比涨幅进入“低80%区间”；DRAM平均售价环比涨幅同样达到“低60%区间”，显示存储价格上行趋势显著强化。</p><p style=\"text-align: left;\">盈利端同样大幅超预期。非GAAP每股收益25.11美元，较市场预期高出约19%；毛利率达84.9%，较共识水平高出约240个基点。花旗援引FactSet数据指出（含股权激励口径），<strong>营收、毛利率与EPS同样全面显著领先市场一致预期</strong>。</p><h2 id=\"id_4170032041\" style=\"text-align: left;\">下季度指引再度上修，需求与定价同步走强</h2><p style=\"text-align: left;\">美光对第四财季给出的指引进一步强化行业上行趋势。</p><p style=\"text-align: left;\">公司预计营收区间490亿至510亿美元，中值500亿美元，较市场共识高出约14%，对应环比增长约20%。毛利率指引升至86%，继续高于市场预期约100个基点以上。非GAAP EPS指引30至32美元，中值31美元，同样显著高于市场一致预期约两成。</p><p style=\"text-align: left;\">花旗数据显示，该指引明显高于其自身预估（营收420亿美元、毛利率82%、EPS 24.27美元），也显著领先FactSet一致预期。<strong>高盛指出，更关键的是，本次指引未显示超预期幅度收敛，意味着存储价格上行周期仍在延续。</strong></p><h2 id=\"id_969364391\" style=\"text-align: left;\">战略客户协议锁定长期需求，资本开支同步加速</h2><p style=\"text-align: left;\">需求侧，美光本季度与数据中心、消费电子及汽车领域客户签署16项战略长期协议，平均期限约五年，覆盖约20%的DRAM出货量及三分之一的NAND出货量。</p><p style=\"text-align: left;\">其中多数协议采用“照付不议”（take-or-pay）结构，在现行市场价格基础上设置价格上下限机制。公司披露，相关协议最低价格条款合计对应约1000亿美元潜在收入，并预计将获得约220亿美元现金预付款，用于支持供应链扩张。</p><p style=\"text-align: left;\">与此同时，<strong>公司预计第四财季资本开支将达到100亿美元，用于新增产能建设，并强调存储供需偏紧格局至少将延续至2027年。</strong></p></body></html>","collect":0,"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\" 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}\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财报炸裂，华尔街密集上调美光目标价！\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-06-25 19:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>美银上调目标价至1550美元（原1500美元）；Baird大幅上调至1280美元（原500美元）；DA Davidson上调至2000美元；高盛上调至1100美元（原900美元）。美光当季营收、毛利率、EPS均超预期，NAND营收较预期高近三成，下季度指引再度上修，印证存储涨价周期加速，行业景气度持续强化。</p></blockquote><p style=\"text-align: left;\">美光科技交出本财年迄今最强季报，营收、盈利与毛利率三大核心指标全面大幅超出市场预期，并给出显著高于共识的下季度指引，推动存储行业景气度预期进一步上修。</p><p style=\"text-align: left;\">财报公布后，<strong>华尔街机构随即掀起密集上调目标价潮</strong>。美银证券将目标价从1500美元上调至1550美元，维持“买入”评级；投行Baird将目标价由500美元大幅上调至1280美元；金融机构DA Davidson亦上调至2000美元（华尔街最高目标价），维持“买入”评级；高盛也将目标价从900美元上调至1100美元，维持“中性”评级。</p><p style=\"text-align: left;\">高盛方面进一步指出，在DRAM与NAND价格持续上涨背景下，本季财报验证存储行业仍处加速上行周期。市场后续关注焦点将集中于管理层对16项战略客户协议进展、FY2027资本开支规划，以及传统存储需求结构变化的进一步指引。</p><h2 id=\"id_3667675630\" style=\"text-align: left;\">业绩全面超预期，NAND表现最为突出</h2><p style=\"text-align: left;\">截至2026年5月的第三财季，美光三大核心指标全面显著优于市场预期。</p><p style=\"text-align: left;\">公司实现营收414.56亿美元，同比大幅增长，较华尔街一致预期高出约14%。分业务看，DRAM营收313.28亿美元，整体高于市场预期约11%；<strong>NAND营收99.43亿美元，较预期高出约27.9%，成为本季最大超预期来源。</strong></p><p style=\"text-align: left;\">价格与出货双轮驱动下，DA Davidson指出，NAND比特出货量环比中个位数增长，而平均售价环比涨幅进入“低80%区间”；DRAM平均售价环比涨幅同样达到“低60%区间”，显示存储价格上行趋势显著强化。</p><p style=\"text-align: left;\">盈利端同样大幅超预期。非GAAP每股收益25.11美元，较市场预期高出约19%；毛利率达84.9%，较共识水平高出约240个基点。花旗援引FactSet数据指出（含股权激励口径），<strong>营收、毛利率与EPS同样全面显著领先市场一致预期</strong>。</p><h2 id=\"id_4170032041\" style=\"text-align: left;\">下季度指引再度上修，需求与定价同步走强</h2><p style=\"text-align: left;\">美光对第四财季给出的指引进一步强化行业上行趋势。</p><p style=\"text-align: left;\">公司预计营收区间490亿至510亿美元，中值500亿美元，较市场共识高出约14%，对应环比增长约20%。毛利率指引升至86%，继续高于市场预期约100个基点以上。非GAAP EPS指引30至32美元，中值31美元，同样显著高于市场一致预期约两成。</p><p style=\"text-align: left;\">花旗数据显示，该指引明显高于其自身预估（营收420亿美元、毛利率82%、EPS 24.27美元），也显著领先FactSet一致预期。<strong>高盛指出，更关键的是，本次指引未显示超预期幅度收敛，意味着存储价格上行周期仍在延续。</strong></p><h2 id=\"id_969364391\" style=\"text-align: left;\">战略客户协议锁定长期需求，资本开支同步加速</h2><p style=\"text-align: left;\">需求侧，美光本季度与数据中心、消费电子及汽车领域客户签署16项战略长期协议，平均期限约五年，覆盖约20%的DRAM出货量及三分之一的NAND出货量。</p><p style=\"text-align: left;\">其中多数协议采用“照付不议”（take-or-pay）结构，在现行市场价格基础上设置价格上下限机制。公司披露，相关协议最低价格条款合计对应约1000亿美元潜在收入，并预计将获得约220亿美元现金预付款，用于支持供应链扩张。</p><p style=\"text-align: left;\">与此同时，<strong>公司预计第四财季资本开支将达到100亿美元，用于新增产能建设，并强调存储供需偏紧格局至少将延续至2027年。</strong></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/97dc49a1c38f37d8c33d7241fccf9976","relate_stocks":{"LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","BK4575":"芯片概念","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU0859254822.USD":"T ROWE PRICE GLOBAL VALUE EQUITY \"A\" (USD) ACC","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation 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Davidson上调至2000美元；高盛上调至1100美元（原900美元）。美光当季营收、毛利率、EPS均超预期，NAND营收较预期高近三成，下季度指引再度上修，印证存储涨价周期加速，行业景气度持续强化。美光科技交出本财年迄今最强季报，营收、盈利与毛利率三大核心指标全面大幅超出市场预期，并给出显著高于共识的下季度指引，推动存储行业景气度预期进一步上修。财报公布后，华尔街机构随即掀起密集上调目标价潮。美银证券将目标价从1500美元上调至1550美元，维持“买入”评级；投行Baird将目标价由500美元大幅上调至1280美元；金融机构DA Davidson亦上调至2000美元（华尔街最高目标价），维持“买入”评级；高盛也将目标价从900美元上调至1100美元，维持“中性”评级。高盛方面进一步指出，在DRAM与NAND价格持续上涨背景下，本季财报验证存储行业仍处加速上行周期。市场后续关注焦点将集中于管理层对16项战略客户协议进展、FY2027资本开支规划，以及传统存储需求结构变化的进一步指引。业绩全面超预期，NAND表现最为突出截至2026年5月的第三财季，美光三大核心指标全面显著优于市场预期。公司实现营收414.56亿美元，同比大幅增长，较华尔街一致预期高出约14%。分业务看，DRAM营收313.28亿美元，整体高于市场预期约11%；NAND营收99.43亿美元，较预期高出约27.9%，成为本季最大超预期来源。价格与出货双轮驱动下，DA Davidson指出，NAND比特出货量环比中个位数增长，而平均售价环比涨幅进入“低80%区间”；DRAM平均售价环比涨幅同样达到“低60%区间”，显示存储价格上行趋势显著强化。盈利端同样大幅超预期。非GAAP每股收益25.11美元，较市场预期高出约19%；毛利率达84.9%，较共识水平高出约240个基点。花旗援引FactSet数据指出（含股权激励口径），营收、毛利率与EPS同样全面显著领先市场一致预期。下季度指引再度上修，需求与定价同步走强美光对第四财季给出的指引进一步强化行业上行趋势。公司预计营收区间490亿至510亿美元，中值500亿美元，较市场共识高出约14%，对应环比增长约20%。毛利率指引升至86%，继续高于市场预期约100个基点以上。非GAAP EPS指引30至32美元，中值31美元，同样显著高于市场一致预期约两成。花旗数据显示，该指引明显高于其自身预估（营收420亿美元、毛利率82%、EPS 24.27美元），也显著领先FactSet一致预期。高盛指出，更关键的是，本次指引未显示超预期幅度收敛，意味着存储价格上行周期仍在延续。战略客户协议锁定长期需求，资本开支同步加速需求侧，美光本季度与数据中心、消费电子及汽车领域客户签署16项战略长期协议，平均期限约五年，覆盖约20%的DRAM出货量及三分之一的NAND出货量。其中多数协议采用“照付不议”（take-or-pay）结构，在现行市场价格基础上设置价格上下限机制。公司披露，相关协议最低价格条款合计对应约1000亿美元潜在收入，并预计将获得约220亿美元现金预付款，用于支持供应链扩张。与此同时，公司预计第四财季资本开支将达到100亿美元，用于新增产能建设，并强调存储供需偏紧格局至少将延续至2027年。","news_type":1,"symbols_score_info":{"MU":1.97,"MUD":0.6,"MULL":0.6,"MUU":0.6}},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":579007407661736,"gmtCreate":1782389321776,"gmtModify":1782392028066,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"<a 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能高开高走吗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/579007407661736","isVote":1,"tweetType":1,"viewCount":633,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3503570159183357","authorId":"3503570159183357","name":"小兔白又白","avatar":"https://static.tigerbbs.com/76bc8eb0b91a9686e087281ce27350a5","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3503570159183357","idStr":"3503570159183357"},"content":"投资有风险，不要高位接盘为好，我认为","text":"投资有风险，不要高位接盘为好，我认为","html":"投资有风险，不要高位接盘为好，我认为"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":578906470621888,"gmtCreate":1782343723595,"gmtModify":1782351440243,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"<a 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也发个帖纪念一下，未来人类最伟大的企业！","text":"$SpaceX(SPCX)$ 也发个帖纪念一下，未来人类最伟大的企业！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/574498143568408","isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":563809727993768,"gmtCreate":1778683250794,"gmtModify":1778683253088,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"看多英伟达","listText":"看多英伟达","text":"看多英伟达","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/563809727993768","repostId":"2635078232","repostType":2,"repost":{"id":"2635078232","kind":"news","pubTimestamp":1778674710,"share":"https://www.laohu8.com/m/news/2635078232?lang=zh_CN&edition=full","pubTime":"2026-05-13 20:18","market":"sh","language":"zh","title":"阿里巴巴CEO吴泳铭：阿里服务器几乎没有一张卡是空的","url":"https://stock-news.laohu8.com/highlight/detail?id=2635078232","media":"第一财经","summary":"【阿里巴巴CEO吴泳铭：阿里服务器几乎没有一张卡是空的】5月13日，阿里巴巴CEO吴泳铭在财报电话会上表示，目前AI发展的趋势更像制造业，要获得更多收入必须去建两个核心工厂：AI的训练工厂和AI的推理工厂，背后都是AI数据中心的建设。","content":"<div>\n<p>5月13日，阿里巴巴CEO吴泳铭在财报电话会上表示，目前AI发展的趋势更像制造业，要获得更多收入必须去建两个核心工厂：AI的训练工厂和AI的推理工厂，背后都是AI数据中心的建设。 　　他表示，AI数据中心的建设一定会消耗比较大的集团现金流，但在回报的路径上是清晰的。他透露，现在阿里的服务器内几乎没有一张卡是空的，考虑未来3-5年的需求情况，他认为阿里大量投入AI数据中心的投资回报非常确定。（文章...</p>\n\n<a href=\"http://finance.eastmoney.com/a/202605133736151179.html\">网页链接</a>\n\n</div>\n","source":"stock_eastmoney","collect":0,"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\" 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每天假装高开，查查是哪个xd在挂虚假订单！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/561850720601648","isVote":1,"tweetType":1,"viewCount":890,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":554121178351144,"gmtCreate":1776318065340,"gmtModify":1776318067225,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/01347\">$华虹半导体(01347)$&nbsp;</a> 在这躲行情","listText":"<a href=\"https://laohu8.com/S/01347\">$华虹半导体(01347)$&nbsp;</a> 在这躲行情","text":"$华虹半导体(01347)$ 在这躲行情","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/554121178351144","isVote":1,"tweetType":1,"viewCount":1104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":551400558684168,"gmtCreate":1775641183839,"gmtModify":1775641553328,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/00100\">$MINIMAX-WP(00100)$ </a> 弱鸡","listText":"<a href=\"https://laohu8.com/S/00100\">$MINIMAX-WP(00100)$ </a> 弱鸡","text":"$MINIMAX-WP(00100)$ 弱鸡","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/551400558684168","isVote":1,"tweetType":1,"viewCount":1025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":551276235800936,"gmtCreate":1775610741505,"gmtModify":1775610743790,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"停火就好好停，别搞","listText":"停火就好好停，别搞","text":"停火就好好停，别搞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/551276235800936","repostId":"1185032662","repostType":2,"repost":{"id":"1185032662","kind":"news","pubTimestamp":1775610389,"share":"https://www.laohu8.com/m/news/1185032662?lang=zh_CN&edition=full","pubTime":"2026-04-08 09:06","market":"hk","language":"zh","title":"消息称停火期间伊朗和阿曼将对通过霍尔木兹海峡船只收费","url":"https://stock-news.laohu8.com/highlight/detail?id=1185032662","media":"央视新闻客户端","summary":"总台记者当地时间4月7日获悉，一名匿名的地区官员透露称，为期两周的停火计划包括允许伊朗和阿曼对通过霍尔木兹海峡的船只收取通行费。他表示，伊朗将把筹集到的资金用于重建。目前尚不清楚阿曼将如何使用其筹集到的资金。该官员未透露自己的国籍信息。（总台记者 张颖哲）","content":"<html><head></head><body><p>总台记者当地时间4月7日获悉，一名匿名的地区官员透露称，为期两周的停火计划包括允许伊朗和阿曼对通过霍尔木兹海峡的船只收取通行费。他表示，伊朗将把筹集到的资金用于重建。目前尚不清楚阿曼将如何使用其筹集到的资金。</p><p>该官员未透露自己的国籍信息。（总台记者 张颖哲）</p></body></html>","source":"lsy1568181200495","collect":0,"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>消息称停火期间伊朗和阿曼将对通过霍尔木兹海峡船只收费</title>\n<style 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href=https://content-static.cctvnews.cctv.com/snow-book/index.html?item_id=18103987461622579524&toc_style_id=feeds_default&track_id=876C77BA-3BDA-4047-B097-512843957B8F_797303153392&share_to=copy_url><strong>央视新闻客户端</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>总台记者当地时间4月7日获悉，一名匿名的地区官员透露称，为期两周的停火计划包括允许伊朗和阿曼对通过霍尔木兹海峡的船只收取通行费。他表示，伊朗将把筹集到的资金用于重建。目前尚不清楚阿曼将如何使用其筹集到的资金。该官员未透露自己的国籍信息。（总台记者 张颖哲）</p>\n\n<a href=\"https://content-static.cctvnews.cctv.com/snow-book/index.html?item_id=18103987461622579524&toc_style_id=feeds_default&track_id=876C77BA-3BDA-4047-B097-512843957B8F_797303153392&share_to=copy_url\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9cf7c774e5d1ba1d8d5b994406c34c75","relate_stocks":{},"source_url":"https://content-static.cctvnews.cctv.com/snow-book/index.html?item_id=18103987461622579524&toc_style_id=feeds_default&track_id=876C77BA-3BDA-4047-B097-512843957B8F_797303153392&share_to=copy_url","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185032662","content_text":"总台记者当地时间4月7日获悉，一名匿名的地区官员透露称，为期两周的停火计划包括允许伊朗和阿曼对通过霍尔木兹海峡的船只收取通行费。他表示，伊朗将把筹集到的资金用于重建。目前尚不清楚阿曼将如何使用其筹集到的资金。该官员未透露自己的国籍信息。（总台记者 张颖哲）","news_type":1,"symbols_score_info":{"QMmain":2,"MESmain":2,"YMmain":2,"NQmain":2}},"isVote":1,"tweetType":1,"viewCount":1529,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4131409357956500","authorId":"4131409357956500","name":"ruan_7128","avatar":"https://static.tigerbbs.com/8ad7f9c1716c3dead55c9cc240346dcb","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"4131409357956500","idStr":"4131409357956500"},"content":"伊朗也穷，收点过路费可以理解 [开心]","text":"伊朗也穷，收点过路费可以理解 [开心]","html":"伊朗也穷，收点过路费可以理解 [开心]"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":551127213843144,"gmtCreate":1775574374087,"gmtModify":1775576043744,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"以后就自认老二吧！！！","listText":"以后就自认老二吧！！！","text":"以后就自认老二吧！！！","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/551127213843144","repostId":"1107683205","repostType":2,"repost":{"id":"1107683205","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1775574102,"share":"https://www.laohu8.com/m/news/1107683205?lang=zh_CN&edition=full","pubTime":"2026-04-07 23:01","market":"us","language":"zh","title":"美媒：特朗普表示可能调整对伊朗的最后期限","url":"https://stock-news.laohu8.com/highlight/detail?id=1107683205","media":"老虎资讯综合","summary":"目前仍会坚持原定的截止时间。","content":"<html><head></head><body><p>美国总统特朗普表示，如果谈判取得进展，周二晚上8点的最后期限可能会有所调整，但目前仍会坚持原定的截止时间。</p><p>另据报道，伊朗已终止与美国之间的直接外交联系。中东官员表示，尽管如此，伊朗与停火调解方的谈判仍在继续。此外，三名伊朗高级官员表示，伊朗方面已通知巴基斯坦，不会再参加旨在停火的会谈。</p></body></html>","collect":0,"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>美媒：特朗普表示可能调整对伊朗的最后期限</title>\n<style 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23:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美国总统特朗普表示，如果谈判取得进展，周二晚上8点的最后期限可能会有所调整，但目前仍会坚持原定的截止时间。</p><p>另据报道，伊朗已终止与美国之间的直接外交联系。中东官员表示，尽管如此，伊朗与停火调解方的谈判仍在继续。此外，三名伊朗高级官员表示，伊朗方面已通知巴基斯坦，不会再参加旨在停火的会谈。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://community-static.tradeup.com/news/00ab710b18d6c3a0335cf6fa35509b7f","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107683205","content_text":"美国总统特朗普表示，如果谈判取得进展，周二晚上8点的最后期限可能会有所调整，但目前仍会坚持原定的截止时间。另据报道，伊朗已终止与美国之间的直接外交联系。中东官员表示，尽管如此，伊朗与停火调解方的谈判仍在继续。此外，三名伊朗高级官员表示，伊朗方面已通知巴基斯坦，不会再参加旨在停火的会谈。","news_type":1,"symbols_score_info":{".SPX":2,".IXIC":2,".DJI":2}},"isVote":1,"tweetType":1,"viewCount":935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":546446907270264,"gmtCreate":1774419254537,"gmtModify":1774419256350,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/03986\">$兆易创新(03986)$ </a> 长鑫什么时候ipo？没消息了？","listText":"<a href=\"https://laohu8.com/S/03986\">$兆易创新(03986)$ </a> 长鑫什么时候ipo？没消息了？","text":"$兆易创新(03986)$ 长鑫什么时候ipo？没消息了？","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/546446907270264","isVote":1,"tweetType":1,"viewCount":1385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":544146512376872,"gmtCreate":1773873768740,"gmtModify":1773873771429,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"扩大支出是在扩大规模呀，担忧个得，不扩大支出光靠涨价能赚几个钱","listText":"扩大支出是在扩大规模呀，担忧个得，不扩大支出光靠涨价能赚几个钱","text":"扩大支出是在扩大规模呀，担忧个得，不扩大支出光靠涨价能赚几个钱","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/544146512376872","repostId":"1155937341","repostType":2,"repost":{"id":"1155937341","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1773872079,"share":"https://www.laohu8.com/m/news/1155937341?lang=zh_CN&edition=full","pubTime":"2026-03-19 06:14","market":"us","language":"zh","title":"AI带动存储景气爆发！美光上季营收增近两倍，本季指引大超预期，财年支出料猛增","url":"https://stock-news.laohu8.com/highlight/detail?id=1155937341","media":"华尔街见闻","summary":"美光公布，第二财季毛利率逼近75%，和营收、EPS盈利均创单季新高；季度股息提高30%。上季营收环比跳升、毛利率逼近75%，利润端全面刷新纪录第二财季，美光实现营收238.6亿美元，较上一财季的136.4亿美元大增约75%，较上财年同期的80.5亿美元同比增长约196%。美光管理层在新闻稿中明确表示，预计2026财年第三财季将再次出现“显著纪录”。虽然美光的财报业绩与指引大超预期，但股价盘后未能保住涨势。","content":"<html><head></head><body><blockquote><p>美光公布，第二财季毛利率逼近75%，和营收、EPS盈利均创单季新高；季度股息提高30%。第三财季营收指引中值较分析师预期高逾50%，EPS指引较预期高近70%，毛利率料81%；本财年资本支出指引上调25%至250亿美元，料下财年支出“显著”增长。股价盘后先曾涨超2%，后跌超4%。</p></blockquote><p style=\"text-align: justify;\">在AI需求持续推高存储价格的背景下，美光科技交出了一份远超预期的财报，并给出极为强劲的未来指引，凸显AI驱动下行业景气仍在加速上行，但本财年和下一财年资本支出料将猛增，令投资者对美光的盈利前景持谨慎态度。</p><p style=\"text-align: justify;\">美东时间18日周三，美光公布，截至2月26日的公司2026财年第二财季，营收同比增长将近两倍至约239亿美元，非GAAP口径下调整后每股收益（EPS）12.20美元，均明显高于市场预期。美光称，本季在营收、毛利率、EPS与自由现金流等多项指标上均创单季最高纪录。</p><p style=\"text-align: justify;\">美光的盈利能力抬升更为显著。第二财季非GAAP口径下毛利率升至74.9%，较第一财季的56.8%继续跃升，远高于上财年同期的37.9%；非GAAP营业利润率进一步升至69.0%。在“强劲需求+行业供给偏紧”的环境下，价格与产品组合的顺风叠加经营杠杆释放，带动利润端爆发。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe313f5d8e6de8082187af6d387e3f39\" tg-width=\"1322\" tg-height=\"677\"/></p><p style=\"text-align: justify;\">业务结构上，面向AI算力与数据中心的增长引擎更清晰。第二财季云存储（Cloud Memory）营收77.5亿美元、核心数据中心（Core Data Center）营收56.9亿美元；同时，移动与客户端、汽车与嵌入式也同步走强，四大业务线毛利率均处在高位区间。</p><p style=\"text-align: justify;\">更令市场意外的是美光的指引强劲。美光预计，第三财季营收中值335亿美元，较分析师预期均值约237亿美元高41%以上；预计第三财季非GAAP口径EPS中值为19.15美元，较分析师预期的11.29美元高将近70%。</p><p style=\"text-align: justify;\">在股东回报方面，美光维持稳定分红政策，在业绩爆发与现金流改善的背景下强化投资者回报，公司董事会批准将季度股息提高30%至每股0.15美元。</p><p style=\"text-align: justify;\">受强劲业绩与指引提振，财报发布后，周三几乎收平的美光股价盘后先快速拉升，一度涨超2%，但此后转跌，目前盘后跌超4%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27d6e00b370103e3cec4b4ad8e3b7812\" tg-width=\"858\" tg-height=\"726\"/></p><p style=\"text-align: justify;\">分析认为，美光股价年内涨幅已大，部分利好提前兑现，市场对AI存储景气已有较高预期，都在打压股价，而且美光将本财年、即2026财年的资本支出指引上调25%至250亿美元，并预计下财年支出将“显著”增长，这会引起一些盈利方面的担忧。市场更关注的是公司在下一代HBM产品中的实际订单落地情况，而不仅是短期财务表现。</p><h2 id=\"75\">上季营收环比跳升、毛利率逼近75%，利润端全面刷新纪录</h2><p style=\"text-align: justify;\">第二财季，美光实现营收238.6亿美元，较上一财季的136.4亿美元大增约75%，较上财年同期的80.5亿美元同比增长约196%。在收入高增的同时，成本端并未同步扩张：本季GAAP口径下销售成本61.1亿美元，推动毛利额达到177.6亿美元。</p><p style=\"text-align: justify;\">利润表端的变化更具“周期上行”特征：</p><ul style=\"\"><li><p>GAAP口径下净利润137.9亿美元，对应摊薄EPS 12.07美元；非GAAP口径净利润140.2亿美元，对应调整后EPS 12.20美元；</p></li><li><p>非GAAP毛利率74.9%，较上一财季56.8%显著抬升；</p></li><li><p>非GAAP营业利润164.6亿美元，营业利润率69.0%。</p></li></ul><p style=\"text-align: justify;\">费用控制带来明显经营杠杆。第二财季GAAP口径下营业费用16.2亿美元，非GAAP口径为14.2亿美元，在营收大幅放量下，费用率进一步被摊薄，为利润率抬升提供助力。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/103a4dba1cf6d2cc5fa6f46caeff321e\" tg-width=\"2560\" tg-height=\"1436\"/></p><h2 id=\"id_1020533198\">数据中心与云仍是“主引擎” AI需求引爆存储价格 业绩“量价齐升”</h2><p style=\"text-align: justify;\">从业务构成看，美光本季增长并非单点突破，而是全线走强：</p><ul style=\"\"><li><p>云存储（Cloud Memory）：营收77.49亿美元，毛利率74%，营业利润率66%。</p></li><li><p>核心数据中心（Core Data Center）：营收56.87亿美元，毛利率74%，营业利润率67%。</p></li><li><p>移动与客户端（Mobile and Client）：营收77.11亿美元，毛利率79%，营业利润率76%。</p></li><li><p>汽车与嵌入式（Automotive and Embedded）：营收27.08亿美元，毛利率68%，营业利润率62%。</p></li></ul><p style=\"text-align: justify;\">其中，云存储与核心数据中心合计营收约134.4亿美元，占总营收超过一半。</p><p style=\"text-align: justify;\">在管理层“AI时代内存成为客户战略资产”的表述下，市场更倾向将本轮景气解读为：AI相关算力投资带来的结构性需求，叠加行业供给纪律共同作用，推升价格、稼动率与产品组合。</p><p style=\"text-align: justify;\">美光本轮业绩爆发的核心驱动力来自AI。随着数据中心建设进入高峰期，对高性能存储尤其是高带宽存储（HBM）的需求急剧攀升，直接推高存储芯片价格。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73fa51dc6afcd99563948e2f35ff8736\" tg-width=\"1291\" tg-height=\"674\"/></p><p style=\"text-align: justify;\">媒体数据显示，当前内存价格出现明显上涨，部分产品甚至出现阶段性短缺。美光在这一轮周期中受益明显：</p><ul style=\"\"><li><p style=\"text-align: justify;\">数据中心需求激增</p></li><li><p style=\"text-align: justify;\">HBM等高端产品占比提升</p></li><li><p style=\"text-align: justify;\">供给向高利润产品倾斜</p></li></ul><p style=\"text-align: justify;\">这种“结构性供给收缩+AI需求爆发”的组合，使得公司实现了收入和利润的同步跃升。</p><h2 id=\"f46a32ac\">现金流与资产负债表：强劲造血叠加扩产投入，净现金实力仍充足</h2><p style=\"text-align: justify;\">第二财季经营活动现金流达119.0亿美元，高于上一财季的84.1亿美元与去年同期的39.4亿美元。</p><p style=\"text-align: justify;\">美光披露，第二财季资本开支净投入约50.0亿美元，对应调整后自由现金流（Adjusted FCF）69.0亿美元，同样明显抬升（上一财季39.1亿美元、去年同期8.6亿美元）。</p><p style=\"text-align: justify;\">资产负债表方面，美光期末现金及等价物139.1亿美元，并持有一定规模的短期与长期可交易投资；同时继续压降杠杆，期末长期债务由上一财季的111.9亿美元降至95.6亿美元。</p><p style=\"text-align: justify;\">值得注意的是，营收快速放量带动应收款上升，期末应收款173.1亿美元，较上一财季的101.8亿美元明显增加，对经营现金流形成一定营运资本波动，但在利润与现金流“高底盘”背景下可控。</p><p style=\"text-align: justify;\">对于美光公布季度股息大幅上调，分析认为，结合近两个季度盈利与现金流释放，这一动作不仅是回报股东，也强化了公司对需求环境与盈利韧性的判断：在继续进行制造版图投资、维持高资本开支强度的同时，仍有能力提高现金分红并推进债务偿还与回购安排。</p><h2 id=\"id_2376366217\">指引远超预期 行业景气仍在上行周期</h2><p style=\"text-align: justify;\">相比已经亮眼的当季业绩，更令市场震撼的是美光给出的下一季度指引。</p><p style=\"text-align: justify;\">美光给出的第三财季展望堪称本次财报的最大看点：</p><ul style=\"\"><li><p>营收：335亿美元，上下浮动7.5亿美元；</p></li><li><p>毛利率：约81%；</p></li><li><p>非GAAP口径营业费用：约14亿美元；</p></li><li><p>非GAAP EPS：19.15美元，上下浮动0.40美元。</p></li></ul><p style=\"text-align: justify;\">与市场预期相比，收入与利润指引均出现显著上修空间，且毛利率目标进一步上探至80%上方，意味着公司判断“价格/产品组合+供需偏紧+规模效应”仍将延续至少一个季度。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7180bb7642bc672e34cb83ee2baf0fe\" tg-width=\"1322\" tg-height=\"666\"/></p><p style=\"text-align: justify;\">美光管理层在新闻稿中明确表示，预计2026财年第三财季将再次出现“显著纪录”。</p><p style=\"text-align: justify;\">第三财季的收入指引不仅远高于分析师一致预期，也意味着公司收入将继续加速增长。这表明：AI服务器需求仍在快速扩张；存储供需紧张局面短期难以缓解；行业价格上行趋势仍在持续。</p><p style=\"text-align: justify;\">业内普遍认为，这一轮存储周期的持续时间可能远超以往，甚至可能延续数年。部分行业人士预计，供应紧张可能持续4-5年。</p><h2 id=\"id_2755979624\">股价为何先涨后跌？</h2><p style=\"text-align: justify;\">虽然美光的财报业绩与指引大超预期，但股价盘后未能保住涨势。分析认为，股价转跌说明市场开始消化更“贵”的那一面。</p><p style=\"text-align: justify;\">首先，美光股价今年以来已累涨超60%，财报前预期本来就很高，任何不够“更炸裂”的细节都容易触发获利了结。</p><p style=\"text-align: justify;\">其次，美光将2026财年的资本支出预期从200亿美元上调至250亿美元，而且还提示2027财年的资本支出会“显著”上升，这会让部分投资者担心，AI需求虽然强，但短期自由现金流和利润率未必会像收入一样同步爆发。</p><p style=\"text-align: justify;\">还有一个外部因素是，财报发布当天，本周三的大盘环境并不友好。美联储会后宣布维持利率不变，预计今年只降息一次；与此同时，美国PPI数据高于预期，推高了收益率和风险资产压力。在这种宏观背景下，半导体股即便财报不错，也更容易出现“先涨后吐”的盘后走势。</p><p style=\"text-align: justify;\">从市场博弈角度看，先涨后跌的走势其实很典型：第一阶段交易的是“业绩和指引大超预期”；第二阶段交易的是“高预期、高涨幅、加大资本开支、宏观风险偏弱”。因此，股价表现说明，美光的财报足够强，强到足以让市场先兴奋、再谨慎。</p></body></html>","collect":0,"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>AI带动存储景气爆发！美光上季营收增近两倍，本季指引大超预期，财年支出料猛增</title>\n<style 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}\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\">\nAI带动存储景气爆发！美光上季营收增近两倍，本季指引大超预期，财年支出料猛增\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-03-19 06:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p>美光公布，第二财季毛利率逼近75%，和营收、EPS盈利均创单季新高；季度股息提高30%。第三财季营收指引中值较分析师预期高逾50%，EPS指引较预期高近70%，毛利率料81%；本财年资本支出指引上调25%至250亿美元，料下财年支出“显著”增长。股价盘后先曾涨超2%，后跌超4%。</p></blockquote><p style=\"text-align: justify;\">在AI需求持续推高存储价格的背景下，美光科技交出了一份远超预期的财报，并给出极为强劲的未来指引，凸显AI驱动下行业景气仍在加速上行，但本财年和下一财年资本支出料将猛增，令投资者对美光的盈利前景持谨慎态度。</p><p style=\"text-align: justify;\">美东时间18日周三，美光公布，截至2月26日的公司2026财年第二财季，营收同比增长将近两倍至约239亿美元，非GAAP口径下调整后每股收益（EPS）12.20美元，均明显高于市场预期。美光称，本季在营收、毛利率、EPS与自由现金流等多项指标上均创单季最高纪录。</p><p style=\"text-align: justify;\">美光的盈利能力抬升更为显著。第二财季非GAAP口径下毛利率升至74.9%，较第一财季的56.8%继续跃升，远高于上财年同期的37.9%；非GAAP营业利润率进一步升至69.0%。在“强劲需求+行业供给偏紧”的环境下，价格与产品组合的顺风叠加经营杠杆释放，带动利润端爆发。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe313f5d8e6de8082187af6d387e3f39\" tg-width=\"1322\" tg-height=\"677\"/></p><p style=\"text-align: justify;\">业务结构上，面向AI算力与数据中心的增长引擎更清晰。第二财季云存储（Cloud Memory）营收77.5亿美元、核心数据中心（Core Data Center）营收56.9亿美元；同时，移动与客户端、汽车与嵌入式也同步走强，四大业务线毛利率均处在高位区间。</p><p style=\"text-align: justify;\">更令市场意外的是美光的指引强劲。美光预计，第三财季营收中值335亿美元，较分析师预期均值约237亿美元高41%以上；预计第三财季非GAAP口径EPS中值为19.15美元，较分析师预期的11.29美元高将近70%。</p><p style=\"text-align: justify;\">在股东回报方面，美光维持稳定分红政策，在业绩爆发与现金流改善的背景下强化投资者回报，公司董事会批准将季度股息提高30%至每股0.15美元。</p><p style=\"text-align: justify;\">受强劲业绩与指引提振，财报发布后，周三几乎收平的美光股价盘后先快速拉升，一度涨超2%，但此后转跌，目前盘后跌超4%。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27d6e00b370103e3cec4b4ad8e3b7812\" tg-width=\"858\" tg-height=\"726\"/></p><p style=\"text-align: justify;\">分析认为，美光股价年内涨幅已大，部分利好提前兑现，市场对AI存储景气已有较高预期，都在打压股价，而且美光将本财年、即2026财年的资本支出指引上调25%至250亿美元，并预计下财年支出将“显著”增长，这会引起一些盈利方面的担忧。市场更关注的是公司在下一代HBM产品中的实际订单落地情况，而不仅是短期财务表现。</p><h2 id=\"75\">上季营收环比跳升、毛利率逼近75%，利润端全面刷新纪录</h2><p style=\"text-align: justify;\">第二财季，美光实现营收238.6亿美元，较上一财季的136.4亿美元大增约75%，较上财年同期的80.5亿美元同比增长约196%。在收入高增的同时，成本端并未同步扩张：本季GAAP口径下销售成本61.1亿美元，推动毛利额达到177.6亿美元。</p><p style=\"text-align: justify;\">利润表端的变化更具“周期上行”特征：</p><ul style=\"\"><li><p>GAAP口径下净利润137.9亿美元，对应摊薄EPS 12.07美元；非GAAP口径净利润140.2亿美元，对应调整后EPS 12.20美元；</p></li><li><p>非GAAP毛利率74.9%，较上一财季56.8%显著抬升；</p></li><li><p>非GAAP营业利润164.6亿美元，营业利润率69.0%。</p></li></ul><p style=\"text-align: justify;\">费用控制带来明显经营杠杆。第二财季GAAP口径下营业费用16.2亿美元，非GAAP口径为14.2亿美元，在营收大幅放量下，费用率进一步被摊薄，为利润率抬升提供助力。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/103a4dba1cf6d2cc5fa6f46caeff321e\" tg-width=\"2560\" tg-height=\"1436\"/></p><h2 id=\"id_1020533198\">数据中心与云仍是“主引擎” AI需求引爆存储价格 业绩“量价齐升”</h2><p style=\"text-align: justify;\">从业务构成看，美光本季增长并非单点突破，而是全线走强：</p><ul style=\"\"><li><p>云存储（Cloud Memory）：营收77.49亿美元，毛利率74%，营业利润率66%。</p></li><li><p>核心数据中心（Core Data Center）：营收56.87亿美元，毛利率74%，营业利润率67%。</p></li><li><p>移动与客户端（Mobile and Client）：营收77.11亿美元，毛利率79%，营业利润率76%。</p></li><li><p>汽车与嵌入式（Automotive and Embedded）：营收27.08亿美元，毛利率68%，营业利润率62%。</p></li></ul><p style=\"text-align: justify;\">其中，云存储与核心数据中心合计营收约134.4亿美元，占总营收超过一半。</p><p style=\"text-align: justify;\">在管理层“AI时代内存成为客户战略资产”的表述下，市场更倾向将本轮景气解读为：AI相关算力投资带来的结构性需求，叠加行业供给纪律共同作用，推升价格、稼动率与产品组合。</p><p style=\"text-align: justify;\">美光本轮业绩爆发的核心驱动力来自AI。随着数据中心建设进入高峰期，对高性能存储尤其是高带宽存储（HBM）的需求急剧攀升，直接推高存储芯片价格。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73fa51dc6afcd99563948e2f35ff8736\" tg-width=\"1291\" tg-height=\"674\"/></p><p style=\"text-align: justify;\">媒体数据显示，当前内存价格出现明显上涨，部分产品甚至出现阶段性短缺。美光在这一轮周期中受益明显：</p><ul style=\"\"><li><p style=\"text-align: justify;\">数据中心需求激增</p></li><li><p style=\"text-align: justify;\">HBM等高端产品占比提升</p></li><li><p style=\"text-align: justify;\">供给向高利润产品倾斜</p></li></ul><p style=\"text-align: justify;\">这种“结构性供给收缩+AI需求爆发”的组合，使得公司实现了收入和利润的同步跃升。</p><h2 id=\"f46a32ac\">现金流与资产负债表：强劲造血叠加扩产投入，净现金实力仍充足</h2><p style=\"text-align: justify;\">第二财季经营活动现金流达119.0亿美元，高于上一财季的84.1亿美元与去年同期的39.4亿美元。</p><p style=\"text-align: justify;\">美光披露，第二财季资本开支净投入约50.0亿美元，对应调整后自由现金流（Adjusted FCF）69.0亿美元，同样明显抬升（上一财季39.1亿美元、去年同期8.6亿美元）。</p><p style=\"text-align: justify;\">资产负债表方面，美光期末现金及等价物139.1亿美元，并持有一定规模的短期与长期可交易投资；同时继续压降杠杆，期末长期债务由上一财季的111.9亿美元降至95.6亿美元。</p><p style=\"text-align: justify;\">值得注意的是，营收快速放量带动应收款上升，期末应收款173.1亿美元，较上一财季的101.8亿美元明显增加，对经营现金流形成一定营运资本波动，但在利润与现金流“高底盘”背景下可控。</p><p style=\"text-align: justify;\">对于美光公布季度股息大幅上调，分析认为，结合近两个季度盈利与现金流释放，这一动作不仅是回报股东，也强化了公司对需求环境与盈利韧性的判断：在继续进行制造版图投资、维持高资本开支强度的同时，仍有能力提高现金分红并推进债务偿还与回购安排。</p><h2 id=\"id_2376366217\">指引远超预期 行业景气仍在上行周期</h2><p style=\"text-align: justify;\">相比已经亮眼的当季业绩，更令市场震撼的是美光给出的下一季度指引。</p><p style=\"text-align: justify;\">美光给出的第三财季展望堪称本次财报的最大看点：</p><ul style=\"\"><li><p>营收：335亿美元，上下浮动7.5亿美元；</p></li><li><p>毛利率：约81%；</p></li><li><p>非GAAP口径营业费用：约14亿美元；</p></li><li><p>非GAAP EPS：19.15美元，上下浮动0.40美元。</p></li></ul><p style=\"text-align: justify;\">与市场预期相比，收入与利润指引均出现显著上修空间，且毛利率目标进一步上探至80%上方，意味着公司判断“价格/产品组合+供需偏紧+规模效应”仍将延续至少一个季度。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7180bb7642bc672e34cb83ee2baf0fe\" tg-width=\"1322\" tg-height=\"666\"/></p><p style=\"text-align: justify;\">美光管理层在新闻稿中明确表示，预计2026财年第三财季将再次出现“显著纪录”。</p><p style=\"text-align: justify;\">第三财季的收入指引不仅远高于分析师一致预期，也意味着公司收入将继续加速增长。这表明：AI服务器需求仍在快速扩张；存储供需紧张局面短期难以缓解；行业价格上行趋势仍在持续。</p><p style=\"text-align: justify;\">业内普遍认为，这一轮存储周期的持续时间可能远超以往，甚至可能延续数年。部分行业人士预计，供应紧张可能持续4-5年。</p><h2 id=\"id_2755979624\">股价为何先涨后跌？</h2><p style=\"text-align: justify;\">虽然美光的财报业绩与指引大超预期，但股价盘后未能保住涨势。分析认为，股价转跌说明市场开始消化更“贵”的那一面。</p><p style=\"text-align: justify;\">首先，美光股价今年以来已累涨超60%，财报前预期本来就很高，任何不够“更炸裂”的细节都容易触发获利了结。</p><p style=\"text-align: justify;\">其次，美光将2026财年的资本支出预期从200亿美元上调至250亿美元，而且还提示2027财年的资本支出会“显著”上升，这会让部分投资者担心，AI需求虽然强，但短期自由现金流和利润率未必会像收入一样同步爆发。</p><p style=\"text-align: justify;\">还有一个外部因素是，财报发布当天，本周三的大盘环境并不友好。美联储会后宣布维持利率不变，预计今年只降息一次；与此同时，美国PPI数据高于预期，推高了收益率和风险资产压力。在这种宏观背景下，半导体股即便财报不错，也更容易出现“先涨后吐”的盘后走势。</p><p style=\"text-align: justify;\">从市场博弈角度看，先涨后跌的走势其实很典型：第一阶段交易的是“业绩和指引大超预期”；第二阶段交易的是“高预期、高涨幅、加大资本开支、宏观风险偏弱”。因此，股价表现说明，美光的财报足够强，强到足以让市场先兴奋、再谨慎。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/97dc49a1c38f37d8c33d7241fccf9976","relate_stocks":{"MU":"美光科技"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155937341","content_text":"美光公布，第二财季毛利率逼近75%，和营收、EPS盈利均创单季新高；季度股息提高30%。第三财季营收指引中值较分析师预期高逾50%，EPS指引较预期高近70%，毛利率料81%；本财年资本支出指引上调25%至250亿美元，料下财年支出“显著”增长。股价盘后先曾涨超2%，后跌超4%。在AI需求持续推高存储价格的背景下，美光科技交出了一份远超预期的财报，并给出极为强劲的未来指引，凸显AI驱动下行业景气仍在加速上行，但本财年和下一财年资本支出料将猛增，令投资者对美光的盈利前景持谨慎态度。美东时间18日周三，美光公布，截至2月26日的公司2026财年第二财季，营收同比增长将近两倍至约239亿美元，非GAAP口径下调整后每股收益（EPS）12.20美元，均明显高于市场预期。美光称，本季在营收、毛利率、EPS与自由现金流等多项指标上均创单季最高纪录。美光的盈利能力抬升更为显著。第二财季非GAAP口径下毛利率升至74.9%，较第一财季的56.8%继续跃升，远高于上财年同期的37.9%；非GAAP营业利润率进一步升至69.0%。在“强劲需求+行业供给偏紧”的环境下，价格与产品组合的顺风叠加经营杠杆释放，带动利润端爆发。业务结构上，面向AI算力与数据中心的增长引擎更清晰。第二财季云存储（Cloud Memory）营收77.5亿美元、核心数据中心（Core Data Center）营收56.9亿美元；同时，移动与客户端、汽车与嵌入式也同步走强，四大业务线毛利率均处在高位区间。更令市场意外的是美光的指引强劲。美光预计，第三财季营收中值335亿美元，较分析师预期均值约237亿美元高41%以上；预计第三财季非GAAP口径EPS中值为19.15美元，较分析师预期的11.29美元高将近70%。在股东回报方面，美光维持稳定分红政策，在业绩爆发与现金流改善的背景下强化投资者回报，公司董事会批准将季度股息提高30%至每股0.15美元。受强劲业绩与指引提振，财报发布后，周三几乎收平的美光股价盘后先快速拉升，一度涨超2%，但此后转跌，目前盘后跌超4%。分析认为，美光股价年内涨幅已大，部分利好提前兑现，市场对AI存储景气已有较高预期，都在打压股价，而且美光将本财年、即2026财年的资本支出指引上调25%至250亿美元，并预计下财年支出将“显著”增长，这会引起一些盈利方面的担忧。市场更关注的是公司在下一代HBM产品中的实际订单落地情况，而不仅是短期财务表现。上季营收环比跳升、毛利率逼近75%，利润端全面刷新纪录第二财季，美光实现营收238.6亿美元，较上一财季的136.4亿美元大增约75%，较上财年同期的80.5亿美元同比增长约196%。在收入高增的同时，成本端并未同步扩张：本季GAAP口径下销售成本61.1亿美元，推动毛利额达到177.6亿美元。利润表端的变化更具“周期上行”特征：GAAP口径下净利润137.9亿美元，对应摊薄EPS 12.07美元；非GAAP口径净利润140.2亿美元，对应调整后EPS 12.20美元；非GAAP毛利率74.9%，较上一财季56.8%显著抬升；非GAAP营业利润164.6亿美元，营业利润率69.0%。费用控制带来明显经营杠杆。第二财季GAAP口径下营业费用16.2亿美元，非GAAP口径为14.2亿美元，在营收大幅放量下，费用率进一步被摊薄，为利润率抬升提供助力。数据中心与云仍是“主引擎” AI需求引爆存储价格 业绩“量价齐升”从业务构成看，美光本季增长并非单点突破，而是全线走强：云存储（Cloud Memory）：营收77.49亿美元，毛利率74%，营业利润率66%。核心数据中心（Core Data Center）：营收56.87亿美元，毛利率74%，营业利润率67%。移动与客户端（Mobile and Client）：营收77.11亿美元，毛利率79%，营业利润率76%。汽车与嵌入式（Automotive and Embedded）：营收27.08亿美元，毛利率68%，营业利润率62%。其中，云存储与核心数据中心合计营收约134.4亿美元，占总营收超过一半。在管理层“AI时代内存成为客户战略资产”的表述下，市场更倾向将本轮景气解读为：AI相关算力投资带来的结构性需求，叠加行业供给纪律共同作用，推升价格、稼动率与产品组合。美光本轮业绩爆发的核心驱动力来自AI。随着数据中心建设进入高峰期，对高性能存储尤其是高带宽存储（HBM）的需求急剧攀升，直接推高存储芯片价格。媒体数据显示，当前内存价格出现明显上涨，部分产品甚至出现阶段性短缺。美光在这一轮周期中受益明显：数据中心需求激增HBM等高端产品占比提升供给向高利润产品倾斜这种“结构性供给收缩+AI需求爆发”的组合，使得公司实现了收入和利润的同步跃升。现金流与资产负债表：强劲造血叠加扩产投入，净现金实力仍充足第二财季经营活动现金流达119.0亿美元，高于上一财季的84.1亿美元与去年同期的39.4亿美元。美光披露，第二财季资本开支净投入约50.0亿美元，对应调整后自由现金流（Adjusted FCF）69.0亿美元，同样明显抬升（上一财季39.1亿美元、去年同期8.6亿美元）。资产负债表方面，美光期末现金及等价物139.1亿美元，并持有一定规模的短期与长期可交易投资；同时继续压降杠杆，期末长期债务由上一财季的111.9亿美元降至95.6亿美元。值得注意的是，营收快速放量带动应收款上升，期末应收款173.1亿美元，较上一财季的101.8亿美元明显增加，对经营现金流形成一定营运资本波动，但在利润与现金流“高底盘”背景下可控。对于美光公布季度股息大幅上调，分析认为，结合近两个季度盈利与现金流释放，这一动作不仅是回报股东，也强化了公司对需求环境与盈利韧性的判断：在继续进行制造版图投资、维持高资本开支强度的同时，仍有能力提高现金分红并推进债务偿还与回购安排。指引远超预期 行业景气仍在上行周期相比已经亮眼的当季业绩，更令市场震撼的是美光给出的下一季度指引。美光给出的第三财季展望堪称本次财报的最大看点：营收：335亿美元，上下浮动7.5亿美元；毛利率：约81%；非GAAP口径营业费用：约14亿美元；非GAAP 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20:56","market":"us","language":"zh","title":"三星、SK海力士、美光在美遭集体诉讼，涉嫌操纵内存价格","url":"https://stock-news.laohu8.com/highlight/detail?id=1187092008","media":"老虎资讯综合","summary":"三星电子、SK海力士和美光科技被美国部分消费者起诉，指控其涉嫌合谋操纵内存价格。原告指控，这三家生产全球绝大部分DRAM的企业自2022年起在供应和定价上进行串通，导致过去四年间价格飙升约700%。他们还表示，苹果近期全面上调产品价格是此次诉讼的导火索。若原告最终在集体诉讼中胜诉，被告企业将须支付三倍赔偿。三星电子和SK海力士此前在美国曾因合谋行为被定罪，这一点也令人担忧。","content":"<html><head></head><body><p style=\"text-align: left;\">三星电子、SK海力士和美光科技被美国部分消费者起诉，指控其涉嫌合谋操纵内存价格。随着近期“芯片通胀”加剧——包括苹果产品提价——当地消费者和小企业已采取法律行动。</p><p style=\"text-align: left;\">据美国科技媒体Wccftech及法律刊物LAW360报道，14名个人消费者以及包括个人电脑零售商在内的三家小企业，于本月25日向加利福尼亚州联邦法院提起了诉讼。原告指控，这三家生产全球绝大部分DRAM的企业自2022年起在供应和定价上进行串通，导致过去四年间价格飙升约700%。</p><p style=\"text-align: left;\">原告称，这三家公司以向高带宽内存（HBM）转型为由，减少了DRAM的供应。“这些DRAM寡头企业系统性地协调了向HBM的转移，以及DDR3和DDR4的停产。”他们还表示，苹果近期全面上调产品价格是此次诉讼的导火索。</p><p style=\"text-align: left;\">这起诉讼目前规模尚小，但如果法院认可原告主张并正式批准为集体诉讼，规模可能进一步扩大。代表原告的反垄断律师事务所Bathaee Dunne正争取将此案定性为集体诉讼，以代表所有购买含DRAM产品的普通消费者和企业。该律所此前曾在一起指控谷歌数字广告串通的案件中胜诉。若原告最终在集体诉讼中胜诉，被告企业将须支付三倍赔偿。</p><p style=\"text-align: left;\">三星电子和SK海力士此前在美国曾因合谋行为被定罪，这一点也令人担忧。这两家公司均被认定在21世纪初在美国从事价格操纵，不仅被处以巨额罚款，还导致高管被判入狱。不过，包括投资银行杰富瑞（Jefferies）在内的业内机构预计，该诉讼至少在今年年底前不会影响内存价格。</p></body></html>","collect":0,"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>三星、SK海力士、美光在美遭集体诉讼，涉嫌操纵内存价格</title>\n<style 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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三星、SK海力士、美光在美遭集体诉讼，涉嫌操纵内存价格\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2026-06-29 20:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: left;\">三星电子、SK海力士和美光科技被美国部分消费者起诉，指控其涉嫌合谋操纵内存价格。随着近期“芯片通胀”加剧——包括苹果产品提价——当地消费者和小企业已采取法律行动。</p><p style=\"text-align: left;\">据美国科技媒体Wccftech及法律刊物LAW360报道，14名个人消费者以及包括个人电脑零售商在内的三家小企业，于本月25日向加利福尼亚州联邦法院提起了诉讼。原告指控，这三家生产全球绝大部分DRAM的企业自2022年起在供应和定价上进行串通，导致过去四年间价格飙升约700%。</p><p style=\"text-align: left;\">原告称，这三家公司以向高带宽内存（HBM）转型为由，减少了DRAM的供应。“这些DRAM寡头企业系统性地协调了向HBM的转移，以及DDR3和DDR4的停产。”他们还表示，苹果近期全面上调产品价格是此次诉讼的导火索。</p><p style=\"text-align: left;\">这起诉讼目前规模尚小，但如果法院认可原告主张并正式批准为集体诉讼，规模可能进一步扩大。代表原告的反垄断律师事务所Bathaee Dunne正争取将此案定性为集体诉讼，以代表所有购买含DRAM产品的普通消费者和企业。该律所此前曾在一起指控谷歌数字广告串通的案件中胜诉。若原告最终在集体诉讼中胜诉，被告企业将须支付三倍赔偿。</p><p style=\"text-align: left;\">三星电子和SK海力士此前在美国曾因合谋行为被定罪，这一点也令人担忧。这两家公司均被认定在21世纪初在美国从事价格操纵，不仅被处以巨额罚款，还导致高管被判入狱。不过，包括投资银行杰富瑞（Jefferies）在内的业内机构预计，该诉讼至少在今年年底前不会影响内存价格。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/97dc49a1c38f37d8c33d7241fccf9976","relate_stocks":{"MUU":"2倍做多MU ETF-Direxion","07747":"南方两倍做多三星电子","MUD":"1倍做空MU 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Dunne正争取将此案定性为集体诉讼，以代表所有购买含DRAM产品的普通消费者和企业。该律所此前曾在一起指控谷歌数字广告串通的案件中胜诉。若原告最终在集体诉讼中胜诉，被告企业将须支付三倍赔偿。三星电子和SK海力士此前在美国曾因合谋行为被定罪，这一点也令人担忧。这两家公司均被认定在21世纪初在美国从事价格操纵，不仅被处以巨额罚款，还导致高管被判入狱。不过，包括投资银行杰富瑞（Jefferies）在内的业内机构预计，该诉讼至少在今年年底前不会影响内存价格。","news_type":1,"symbols_score_info":{"07747":2,"MU":2,"MUU":0.6,"MULL":0.6,"07709":2,"MUD":0.6}},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":534294334801336,"gmtCreate":1771463845262,"gmtModify":1771463847716,"author":{"id":"3437803347689838","authorId":"3437803347689838","name":"一瓢慢饮","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3437803347689838","idStr":"3437803347689838"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/TEM\">$Tempus AI(TEM)$&nbsp;</a> 各方不停在看好，高管又不停在减持，太多的信息不对称，都不知道这公司究竟在做了些啥，感觉买它就是在盲目赌博","listText":"<a href=\"https://laohu8.com/S/TEM\">$Tempus 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能高开高走吗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/579007407661736","isVote":1,"tweetType":1,"viewCount":633,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3503570159183357","authorId":"3503570159183357","name":"小兔白又白","avatar":"https://static.tigerbbs.com/76bc8eb0b91a9686e087281ce27350a5","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3503570159183357","idStr":"3503570159183357"},"content":"投资有风险，不要高位接盘为好，我认为","text":"投资有风险，不要高位接盘为好，我认为","html":"投资有风险，不要高位接盘为好，我认为"}],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}