近期，全球存储芯片市场出现显著的结构性变化。据智通财经报道，受存储芯片短缺和价格飙升双重挤 压，全球五大PC厂商已集体确认上调产品价格。其中，戴尔商用电脑售价全面上调，部分高内存配置 机型涨幅显著。 行业分析指出，此轮涨价的根本驱动力在于人工智能发展从训练转向应用阶段，推理需求远超训练需 求，催生了"以存代算"技术路径，使得存储芯片的角色从传统配件转变为AI基础设施中的战略性物资。 全球技术研究咨询机构Omdia发布的最新数据显示，2025年第三季度半导体行业营收创下历史新高，达 到2163亿美元，环比增长14.5%，其中存储芯片与AI加速器共同成为核心增长动力。该机构分析认为， 随着AI推理工作负载规模的扩大，对传统DRAM和高带宽存储器的需求同步激增，推动了产品价格在 短期内大幅上涨。 东北证券在近期发布的研报《雅克科技：前驱体材料行业领先，有望受益存储高景气》中指出，存储行 业周期底部已过，受益于AI基建加速的真实需求爆发，芯片价格持续上涨。同时，国内存储芯片制造 商的后续扩产预计也将带来持续的材料需求增量。中邮证券在《艾森股份：先进制程占比提升，存储领 域积极推进》研报中分析认为，存储芯片领域的电镀液 ...

| | 证券简称 聚辰股份 | 证券代码 688123 | 成交价(元) 成交金额(万元) 成交量( * ) 买入营业部 100.5 | 281.4 | 2.8 | 红墙证券股份有限 | 有限责在公司郑州 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 2025-12-16 | | | | | | | | | 12月16日，聚辰股份大宗交易成交2.8万股，成交额281.4万元，占当日总成交额的0.58%，成交价100.5元，较市场收盘价122.6元折价18.03%。 ...

| | 购物 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 300614 | 百川 | -0.61 | 0.68 | 13.20 | 13.30 | -0.79 | 12.93 | -2.79 | | | 畅银 | | | | | | | | | 603108 | 润达 | 0.00 | 0.56 | 14.92 | 15.04 | -0.77 | 14.72 | -2.1 1 | | | 医疗 | | | | | | | | | 300044 | ST 赛 为 | -0.97 | 1.04 | 4.25 | 4.28 | -0.77 | 4.07 | -4.93 | | 688170 | 德龙 激光 | -2.99 | 0.72 | 31.03 | 31.27 | -0.76 | 29.80 | -4.70 | | 301128 | 强瑞 | | | | 83.90 | -0.76 | 79.85 | -4.83 | | | 技术 | -3.09 | 1.36 | 83.27 | | | | | | 603 ...

Investment Rating - The industry investment rating is "Buy" with a previous rating of "Buy" as well [2]. Core Viewpoints - The storage sector is crucial for AI inference, driving rapid growth in storage demand, particularly for HBM, DRAM, and SSD, characterized by decreasing costs and increasing capacities [5][13]. - AI-driven storage demand is expected to surge, with projections indicating a need for hundreds of exabytes (EB) of storage capacity in the near future [5][24]. - The report emphasizes the broad space within the industry chain, highlighting opportunities in eSSD, MRDIMM, SPD, and VPD chips, as well as CXL storage pooling [5][79]. Summary by Sections 1. Storage as Tokens for AI Inference - AI servers utilize various storage types, including HBM, DRAM, and SSD, with a focus on high bandwidth and large capacity to support efficient data processing [13][17]. - The demand for SSD and HDD is projected to grow significantly, with estimates suggesting a requirement of 49 EB for ten Google-level inference applications by 2026 [24]. 2. AI-Driven Storage Demand Growth - eSSD is identified as a core demand area for AI and storage servers, with increasing needs for high bandwidth and large capacity due to long-context inference and RAG databases [25][26]. - The market for AI server eSSD is expected to expand, with theoretical maximum capacities of 59 EB, 89 EB, and 120 EB for 2024, 2025, and 2026 respectively [27][34]. 3. MRDIMM Applications - MRDIMM is anticipated to enhance performance in large model inference, providing significant bandwidth improvements and capacity expansions [38][39]. 4. SPD and VPD Chip Opportunities - The transition to DDR5 memory modules presents growth opportunities for SPD and VPD chips, driven by increased specifications and demand [45][46]. 5. CXL Storage Pooling - CXL technology facilitates storage pooling, enhancing computational efficiency and enabling better resource allocation for AI applications [53][54]. - The report notes significant TCO advantages in KV Cache performance when utilizing CXL in high-concurrency, long-context workloads [56][59]. 6. Investment Recommendations - The report suggests focusing on storage industry chain-related entities, as AI-driven storage prices are expected to rise, leading to improved profit margins for manufacturers [79].

（文章来源：每日经济新闻） 每经AI快讯，12月10日，AIPC板块下跌2.86%。其中，聚辰股份下跌7.75%，博杰股份下跌4.95%，江 波龙下跌4.88%，鹏鼎控股、生益电子、佰维存储跌超3%。 ...

Core Viewpoint - The A-share market saw a collective surge in AI glasses concept stocks, driven by the announcement of Google's collaboration with XREAL on the Project Aura smart glasses, set to launch in 2026 [1] Group 1: Market Performance - Stocks such as Furong Technology and Qixin Group hit the 10% daily limit up, while Star Technology rose over 7%, and Yintang Intelligent Control increased by over 6% [1] - Other notable performers included Ciweng Media, Pengding Holdings, which rose over 5%, and Pinming Technology, which increased by over 4% [1] - Haoyun Technology, Huilun Crystal, Sanan Optoelectronics, and Jucheng Co. all saw gains exceeding 3% [1] Group 2: Project Aura Details - Google and XREAL jointly launched the Project Aura smart glasses, utilizing the self-developed X1S chip by XREAL [1] - The hardware development and manufacturing of Project Aura are primarily reliant on a Chinese team, with the Prism™ optical system independently developed and mass-produced by this team [1] - The supply chain is rooted in the Yangtze River Delta, with Shanghai designated as XREAL's global R&D and future AI terminal innovation center [1]

证券日报网讯 12月8日，聚辰股份在互动平台回答投资者提问时表示，截至三季度末，公司股东人数为 1.76万户。 （文章来源：证券日报） ...

12月8日，A股市场存储芯片股表现强势，其中，诚邦股份10CM涨停，江波龙、德明利、佰维存储涨超 8%，航天智装涨超6%，香农芯创、东芯股份涨超5%。 | | | | | 存储芯片板块个股 | | | | --- | --- | --- | --- | --- | --- | --- | | 序号 代码 | | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | 1 | 603316 | 诚邦股份 | | 10.01 | 40.93亿 | 229.57 | | 2 | 301308 | 江波龙 | 1 | 8.97 | 1088亿 | 201.78 | | 3 | 001309 | 德明利 | 1 | 8.30 | 497亿 | 252.44 | | 4 | 688525 | 佰维存储 | 1 | 8.07 | 545亿 | 88.37 | | 5 | 300455 | 航天智装 | 1 | 6.19 | 220亿 | 137.21 | | 6 | 300475 | 香农村创 | 1 | 5.64 | 611亿 | 362.18 | | 7 | 688110 | 东芯股份 | 1 | 5.01 ...

Group 1 - The report maintains a positive outlook on the AI chain, emphasizing the impact of the storage cycle and the acceleration of self-control in the industry [1] - In 2026, the focus will be on the AI chain, storage cycles, and the acceleration of self-control, with expectations of continued growth in the electronics sector driven by AI data centers and terminal demand recovery [1][3] - The storage sector is expected to enter a price increase cycle starting in the second half of 2025 due to significant supply-demand imbalances [1][3] Group 2 - The Scaling Law remains effective, transitioning into a 2.0 phase that enhances model capabilities and drives demand for computing power [2][18] - The demand for high-end PCBs is anticipated to increase significantly in 2026, driven by the upgrade of AI server platforms and the growth of cloud service providers' self-developed ASICs [2][73] - The AI-driven demand for storage is expected to grow rapidly, with major storage manufacturers like SanDisk, Micron, and Samsung announcing price increases, indicating a sustained upward trend in storage prices [3][60] Group 3 - The domestic storage chip and module manufacturers are expected to benefit from the upward cycle in storage prices, with a focus on DRAM and NAND markets [3][4] - The trend towards domestic production in the storage sector is expected to continue, with companies like Changxin and Changcun expanding capacity and market share [4][66] - The consumer electronics sector may face pressure from rising storage prices, particularly affecting Android smartphones and PCs, while new product innovations could catalyze market recovery [5][72] Group 4 - The report highlights the importance of advanced processes and domestic production in the semiconductor industry, with a focus on improving production capacity and technology [4][68] - The AI chip market is projected to grow significantly, with a compound annual growth rate (CAGR) of 35.19% expected from 2025 to 2030, driven by strong demand for AI training and inference [60][66] - The custom AI chip market is anticipated to expand rapidly, with a forecasted CAGR of 53% from 2024 to 2028, as domestic internet companies increasingly adopt a dual approach of third-party procurement and self-developed ASICs [72][73]

据天眼查APP显示，聚辰半导体股份有限公司成立于2009年11月13日，注册资本15827.1044万人民币。 （数据宝） 聚辰股份12月2日大宗交易平台出现一笔成交，成交量3.00万股，成交金额387.00万元，大宗交易成交价 为129.00元。该笔交易的买方营业部为民生证券股份有限公司苏州分公司，卖方营业部为广发证券股份 有限公司总部。 进一步统计，近3个月内该股累计发生4笔大宗交易，合计成交金额为3.85亿元。 证券时报·数据宝统计显示，聚辰股份今日收盘价为129.00元，下跌2.64%，日换手率为2.58%，成交额 为5.29亿元，全天主力资金净流出2449.38万元，近5日该股累计下跌2.41%，近5日资金合计净流出 5004.05万元。 两融数据显示，该股最新融资余额为7.51亿元，近5日增加7405.98万元，增幅为10.94%。 12月2日聚辰股份大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折溢 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 价（%） | | ...