存储芯片，势头不减_老虎社区_美港股上老虎

存储芯片，势头不减

半导体行业观察09:12

过去几个月内存芯片价格的持续飙升，导致股市赢家和输家之间出现巨大分化，投资者看不到尽头。从游戏机制造商任天堂、大型PC品牌到苹果公司的供应商，许多公司的股价都因盈利担忧而下跌。与此同时，内存生产商的股价却飙升至前所未有的高度。基金经理和分析师们正在评估哪些公司能够通过锁定供应、提高产品价格或重新设计以减少内存使用量来更好地应对供应紧张的局面。市场此前已经有所准备：彭博社全球消费电子产品制造商指数自...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260210093451a6e82543&s=b><strong>半导体行业观察</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>过去几个月内存芯片价格的持续飙升，导致股市赢家和输家之间出现巨大分化，投资者看不到尽头。从游戏机制造商任天堂、大型PC品牌到苹果公司的供应商，许多公司的股价都因盈利担忧而下跌。与此同时，内存生产商的股价却飙升至前所未有的高度。基金经理和分析师们正在评估哪些公司能够通过锁定供应、提高产品价格或重新设计以减少内存使用量来更好地应对供应紧张的局面。市场此前已经有所准备：彭博社全球消费电子产品制造商指数自...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20260210093451a6e82543&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":"LU1674673428.USD","symbol_name":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) 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Pai表示：“目前被低估的是持续时间方面的风险——目前的估值很大程度上是基于这种波动将在1到2个季度内恢复正常的预期。”她补充说：“我们认为行业供应紧张的局面可能会持续下去”，甚至可能持续到今年年底。内存芯片短缺和价格上涨的问题在各公司财报和电话会议中频繁出现。投资者们已经听到了警钟。智能手机处理器制造商高通公司上周四股价下跌超过8%，此前该公司表示，内存供应紧张将限制手机产量。任天堂在东京股市的股价跌幅创下18个月以来最大，此前该公司警告称，内存短缺将带来利润压力。瑞士外设制造商罗技国际公司(Logitech International SA)的股价已从11月份的高点下跌约30%，原因是芯片价格上涨抑制了个人电脑的需求前景。从比亚迪到小米，中国电动汽车和智能手机制造商的股价也因对芯片短缺的担忧而表现疲软。盛宝银行首席投资策略师查鲁·查纳纳(Charu Chanana)表示：“内存价格在本财报季已经从背景话题跃升为头条新闻。” “市场普遍认为内存价格上涨，供应紧张——这已不再是新鲜事，所以我认为市场已经消化了这一信息。但目前看来，供应紧张的持续时间似乎开始受到质疑。”内存“超级周期”对需求和盈利的担忧正给企业界带来压力，而美国超大规模数据中心运营商在人工智能基础设施上的巨额支出，更令人们担忧内存芯片短缺问题将进一步加剧。以亚马逊公司为首的大规模人工智能基础设施建设，已将产能从传统的DRAM转向高带宽内存。这导致了部分人士所说的“超级周期”，打破了内存供需通常的繁荣-萧条模式。过去几个月，DRAM现货价格飙升超过600%，而智能手机和汽车等终端产品的需求依然疲软。此外，人工智能正在创造对NAND闪存芯片和其他存储产品的新需求，也推高了这些领域的成本。因此，存储芯片制造商成为科技股中的佼佼者。英伟达HBM的主要供应商SK海力士(SK Hynix Inc.)的股价自9月底以来在首尔上涨超过150%。在生产更普通芯片的厂商中，日本铠侠(Kioxia Holdings Corp.)和台湾南亚科技(Nanya Technology Corp.)的股价同期均上涨约280%，而闪迪(SanDisk Corp.)在纽约的股价更是上涨超过400%。“从历史上看，内存周期通常持续3-4年，”苏黎世GAM投资管理公司的基金经理Jian Shi Cortesi表示，并补充说她长期持有存储芯片股票。 “当前周期无论在长度还是幅度上都已经超过了之前的周期，而且我们并没有看到需求势头减弱的迹象。”（来源：编译自彭博社）*免责声明：本文由作者原创。文章内容系作者个人观点，半导体行业观察转载仅为了传达一种不同的观点，不代表半导体行业观察对该观点赞同或支持，如果有任何异议，欢迎联系半导体行业观察。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}