广发证券：AI推理驱动存储需求激增产业链迎数百EB级空间_老虎社区_美港股上老虎

广发证券：AI推理驱动存储需求激增产业链迎数百EB级空间

财中社2025-12-16

12月16日，广发证券发表研究报告称：AI推理驱动存储需求激增，产业链迎数百EB级空间。存储是Tokens的积分，推理驱动AI存储快速增长。AI服务器中的存储主要包括HBM、DRAM、SSD等，呈现性能逐级下降、容量逐级增加、成本逐级降低特征。推理驱动AI存储快速增长。（一）内存受益于超长上下文和多模态推理需求，处理大量序列数据或多模态信息时，高带宽与大容量内存可降低访问延迟、提升并行效率。（二）...

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