Core Viewpoint - The Galaxy S26 phones, the flagship lineup of the company, are set to launch in the U.S. and other markets on March 11 [1] Group 1 - The Galaxy S26 phones represent the company's latest flagship offerings [1]

Core Viewpoint - Samsung Electronics has launched its Galaxy S26 smartphones with increased prices in key markets, responding to rising memory chip costs that are impacting profit margins [1] Group 1: Product Launch and Pricing - The base Galaxy S26 is priced at $899 in the United States, reflecting a 4.7% increase from the previous model, while the S26 Plus is priced at $1,099, up 10% [1] - In South Korea, the base model price has been raised by 8.6% [1] - The S26 Ultra's price remains unchanged [1] Group 2: Market Context and Challenges - Samsung's smartphone leadership was lost to Apple last year, attributed to strong iPhone demand in China and India [1] - The company has warned of a worsening chip shortage driven by the AI boom, which is increasing memory demand and affecting its smartphone and display units [1] - A global push by companies like Meta, Google, and Microsoft for AI infrastructure is absorbing much of the memory supply, leading to higher prices as chipmakers focus on higher-margin data center components [1] Group 3: Technological Features and Innovations - The Galaxy S26 models will feature in-house Exynos processors, a shift from Qualcomm's Snapdragon chips used in the S25, which may enhance Samsung's chip design business and mobile margins [1] - The S26 Ultra includes what Samsung claims is the industry's first built-in mobile privacy display, which limits side viewing angles [1] Group 4: Market Predictions - Market tracker TrendForce anticipates conventional DRAM contract prices to surge by 90% to 95% in the January to March period of this year compared to the last quarter of 2025 [1] - Apple has indicated expectations of a sharp increase in memory chip prices but has not confirmed whether it will raise its product prices in response [1]

来源：智通财经网 周三，存储概念涨势扩大，西部数据(WDC.US)涨超7%，希捷科技(STX.US)涨超4%，美光科技 (MU.US)涨超3%，闪迪(SNDK.US)涨超1%。消息面上，此前华尔街知名做空机构香橼称正在做空闪 迪，并直言警钟不会在顶部敲响。香橼直言繁荣只是"海市蜃楼，"供应幻象"掩盖周期危机"。对于香橼 狙击闪迪一事，有市场分析指出，香橼的做空逻辑抓住了周期股的要害，但时机可能早了约两年。部分 投资者则认为，AI驱动的结构性需求增长可能在一定程度上平滑传统的周期性波动，当前的短缺并非 完全是"幻象"。 稍早前，SK海力士在高盛电话会上释放强烈信号称，在AI需求爆发与供应瓶颈的共振下，存储价格上 涨已成定局。公司透露，目前DRAM及NAND库存仅剩约4周，且没有任何客户能完全满足需求。 ...

Core Viewpoint - The storage sector is experiencing significant gains, with companies like Western Digital (WDC) rising over 7%, Seagate Technology (STX) over 4%, and Micron Technology (MU) over 3%, amidst a backdrop of short-selling activity by Citron Research targeting SanDisk (SNDK) [1] Group 1: Market Reactions - The storage concept's upward trend is highlighted by substantial stock price increases among key players in the industry [1] - Citron Research's short position on SanDisk raises concerns about the sustainability of the current market conditions, suggesting that the apparent prosperity may be misleading [1] Group 2: Supply and Demand Dynamics - Market analysts indicate that Citron's short-selling rationale effectively addresses the cyclical nature of the sector, although the timing may be premature by approximately two years [1] - There is a belief among some investors that AI-driven structural demand growth could mitigate traditional cyclical fluctuations, suggesting that the current shortages are not entirely illusory [1] Group 3: Industry Insights - SK Hynix has signaled strong expectations for rising storage prices due to a confluence of AI demand surges and supply constraints, indicating a critical inventory situation with DRAM and NAND stocks lasting only about four weeks [1] - The company reports that no customers are able to fully meet their demand, further emphasizing the tight supply conditions in the market [1]

Core Viewpoint - The individual investor adopts a contrarian investment style, focusing on stocks that have recently experienced sell-offs due to non-recurrent events, particularly when insiders are buying shares at lower prices [1] Group 1: Investment Strategy - The investment portfolio is split approximately 50%-50% between shares and call options, indicating a balanced approach to risk and return [1] - The investor's timeframe for holding positions typically ranges from 3 to 24 months, suggesting a medium-term investment horizon [1] - Fundamental analysis is employed to assess the health of companies, including their leverage and financial ratios compared to sector and industry averages [1] Group 2: Stock Selection Criteria - The investor screens thousands of stocks, primarily in the US, looking for those that have undergone recent sell-offs [1] - A key criterion for stock selection is insider buying at the new lower price, which may indicate confidence in the company's future [1] - Professional background checks are conducted on insiders who purchase shares after sell-offs, adding a layer of due diligence [1] Group 3: Technical Analysis - Technical analysis is utilized to optimize entry and exit points, with a focus on support and resistance levels on weekly charts [1] - Multicolor lines are used for visualizing support and resistance, and trend lines are drawn to identify patterns [1]

外媒评论称，此举标志着曾主导全球市场的"买入美国"（buy America）策略正在向"告别美国"（bye America）转变。 一场资本迁徙席卷华尔街，即便美元走弱推高海外资产配置成本，资金仍旧外流。 高盛、美国银行数据显示，对冲基金、机构客户密集减持美股，主动管理人股票敞口降至近八个月低 点。 最近美股迎来多事之秋。 美国投资者正以16年来最快速度撤离本土股市，转向全球配置。 数据显示，过去六个月美国投资者从本土股票产品撤资约750亿美元，2026年前八周流出520亿美元，创 2010年以来同期最高。 长期以来，在人工智能浪潮下，"买入美国"成为最优解。 但如今AI板块分歧显现，科技股吸引力下滑，叠加海外市场表现亮眼，资金开始寻找新方向。 近一年，韩国综指涨幅超120%，日经225、巴西IBOVESPA指数涨幅均超50%，远超标普500约14%的涨 幅。 从A股ETF看，中韩半导体ETF年内涨幅超53%，巴西ETF年内涨超37%，日经ETF涨超19%，日本东证 指数ETF、亚太精选ETF南方、法国CAC40ETF涨幅超10%，纳指科技ETF、纳指ETF、美国50ETF年内 均下跌。 | 证券代码 | 证 ...

【文/羽扇观金工作室 陶立烽】 在存储芯片行业一路高歌的当下，华尔街知名空头机构香橼资本（Citron Capital，也叫香橼研究）昨日 （2月24日）突然向闪迪（SNDK.US）挥出做空重拳，为这只一年涨幅超1200%的牛股蒙上阴影。 这并非香橼的首次出手，从创立之初的"股票柠檬"到狙击中概股的 "空中猎手"，再到被散户反杀、遭 监管起诉的跌宕，创始人安德鲁・莱福特的二十余年做空生涯，交织着精准狙击的传奇与游走灰色地带 的争议，成为华尔街资本市场的一道特殊风景。 闪迪年内涨幅超175%，香橼直指芯片周期泡沫 受益于存储芯片超级周期，闪迪的股价在资本市场一路狂飙，2026年不到两个月涨幅已达175%，过去 12个月累计涨幅更是突破1200%，成为市场追捧的"明星股"。但这份火热，却让香橼资本嗅到了"泡沫" 的味道，这家以做空著称的机构毅然出手，在社交媒体上公开宣布建立闪迪空头头寸，直言市场对闪迪 的定价存在"严重误判"。 闪迪在过去一年股价涨幅达1213%，2026年以来上涨175% 香橼的做空理由直击闪迪的核心软肋。在其看来，市场错误地将闪迪与英伟达等同看待，却忽略了二者 商业模式的本质差异："英伟达拥有 ...

February 24, 2026 06:27 PM GMT Global Technology AI boosts NAND demand, but Asian module maker margins may soon compress We see challenges for module makers with constrained supply, margin normalization, and weakening consumer SSD demand amid higher NAND prices. Phison and Longsys to EW. Memory supercycle – unequal beneficiaries: AI demand and tight supply have sharply shifted bargaining power across memory. Consensus EPS for the memory supply chain is up 279% YoY, versus 37% for our global tech coverage. S ...

Citi Research Global Technology, Communications, Real Estate, Energy, and Industrials February 23, 2026 Data Center GAINs (Gen AI Names) Multi-Asset Strong Absorption Supports Solid 2026 and LT Data Center Demand | Equities | | | | | ABS | | --- | --- | --- | --- | --- | --- | | Michael Rollins, CFAAC +1 212 816-3116 | Heath TerryAC +1 212 723-4624 | Caitlyn Walsh caitlyn.walsh@citi.com | | | | | michael.rollins@citi.com | heath.terry@citi.com | | | | | | Siraj Ahmed AC | AC Scott Gruber | Andrew KaplowitzA ...

周二，美股三大指数全线收涨，纳指涨幅超过1%。科技股领涨，而此前空头仓位较重的软件股出现了典型的短线挤压行情。 | S&P 500 | Dow 30 | Nasdaq | | --- | --- | --- | | 6,890.07 | 49,174.50 | 22,863.68 | | and and the many of the same | A par rom monute | | | +52.32 | +370.44 | +236.41 | | (+0.77%) | (+0.76%) | (+1.04%) | 从"替代风险"到"增值工具" 这次反弹的核心在于市场叙事的切换。 此前的担忧是：AI自动化工具可能直接削弱法律数据库、金融终端、CRM系统的使用价值，从而压缩传统SaaS公司的订阅收入。 过去两周，Anthropic几乎成了美股SaaS板块波动的核心变量。 每当这家硅谷AI公司释放产品进展，软件股便先跌为敬。市场一度形成明显的防御姿态——先降低风险敞口，再判断影响程度。iShares软件业ETF （IGV）年初至今一度回撤接近26%，不少法律、金融信息服务商被视为"潜在受害者"。 但本周二的直 ...