当地时间1月6日，美股存储板块狂飙，截至发稿，闪迪（SanDisk）大涨24%，为十个月以来的最大日内涨幅，美光科技涨近7%，再创历史新高。希捷科 技、西部数据涨近10%。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | 闪进 | 340.790 | 24.34% | | US SNDK | | | | 美光科技 US MU | 333.739 | 6.92% | | 希捷科技 | 318.660 | 9.95% | | US STX | | | | 西部数据 | 206.635 | 9.98% | | US WDC | | | 在这种情况下，存储的涨价趋势或将贯穿整个2026年。已有多家投行预测，按全年口径计算，今年服务器DRAM的平均销售价格（ASP）最高将同比上涨 144%，并相应上调了业绩预期。花旗预计，三星电子今年营业利润将达155万亿韩元，较去年增长253%；摩根士丹利则预计，SK海力士今年营业利润为 148万亿韩元，较去年激增224%。 中信建投证券电子首席分析师刘双锋认为，在数据中心需求爆发、存储芯片供应持续趋紧，价格大幅上涨的背景下，美光交出一份明显强于预期的 ...

Core Viewpoint - SanDisk's stock has experienced a significant increase due to a memory chip shortage and rising prices, but concerns about future performance and valuation suggest potential challenges ahead [1][2][4]. Group 1: Market Dynamics - The recent surge in SanDisk's stock is primarily linked to a supply-constrained NAND market, which has driven prices higher, but such conditions are often temporary and may lead to a supply glut [2]. - Historical trends indicate that peaks in the NAND market can result in margin erosion and a decline in stock multiples for SanDisk in the following year [2][3]. Group 2: Valuation Concerns - Despite a remarkable revenue growth of 21% sequentially in the latest quarter, SanDisk's stock is currently trading at about 22 times forward earnings, significantly higher than peers like Micron, which trades at a forward P/E ratio of less than 10 [4]. - The high valuation is further complicated by concerns regarding potential overspending in the AI sector, which could lead to a rapid unwinding of SanDisk's premium multiple in 2026 [5]. Group 3: Analyst Recommendations - Wall Street analysts suggest that SanDisk's stock may be overvalued, with a consensus rating of "moderate buy" and a mean target price of about $271, indicating a potential downside of approximately 20% [6]. - Options contracts indicate a possible decline in SanDisk's stock price to around $185 in the first half of 2026, reflecting bearish sentiment among investors [6]. Group 4: Investment Strategy - Given the substantial gains of nearly 9 times within a year, it may be prudent for investors to reduce exposure to SanDisk and consider reallocating capital to other undervalued opportunities in the memory chip market [7][8]. - SanDisk does not currently offer dividends, which may deter income-focused investors from holding the stock [8].

Group 1 - The core viewpoint of the articles highlights a significant surge in the storage sector, particularly in the stock prices of major companies like SanDisk, Micron Technology, Seagate Technology, and Western Digital, driven by expectations of rising DRAM prices due to supply shortages [1][2][3] - SanDisk's stock rose by 24.34%, marking its largest single-day increase in ten months, while Micron Technology increased by 6.92%, reaching a historical high [1][2] - The DRAM market is experiencing a substantial price increase, with Samsung and SK Hynix raising prices for server, PC, and smartphone DRAM by 60-70% in Q1 2024 compared to Q4 2023, indicating strong demand from large clients who are willing to absorb these costs [2][3] Group 2 - The anticipated shortage of server DRAM is exacerbated by manufacturers focusing on HBM3E production, leading to a widening supply-demand gap [3] - Major tech companies like Google and Microsoft are expanding AI services, driving up demand for general-purpose DRAM, while companies like Broadcom are increasing HBM3E orders, further intensifying the DRAM shortage [3] - Analysts predict that the average selling price (ASP) of server DRAM could rise by 144% year-on-year, with significant profit increases forecasted for Samsung and SK Hynix [3][5] Group 3 - The global DRAM market is undergoing one of the strongest price hikes in history, with prices for most categories rising over 100% since July 2025 [5] - Prices for DDR4 and DDR5 memory have increased by 2-3 times within the year, with a single 256GB DDR5 server memory module exceeding 40,000 yuan, highlighting the extreme price volatility in the market [5] - The discussion around memory prices has gained public attention, with social media commentary likening the cost of memory modules to real estate prices in Shanghai [3][5]

Core Insights - Sandisk (SNDK) is increasingly leveraged to the accelerating investment in AI infrastructure and the structural expansion in NAND storage demand, with Solid-State Drives (SSD) becoming essential for AI workloads [1][4] - Global investment in data centers and AI infrastructure is expected to exceed $1 trillion by 2030, leading to sustained growth in storage demand as AI architectures require larger datasets and higher redundancy [2] - Sandisk is well-positioned to capture the shift in enterprise storage, actively engaging with major hyperscale customers and qualifying its Stargate enterprise SSD platform [3][8] Financial Projections - The Zacks Consensus Estimate for second-quarter fiscal 2026 revenues is $2.62 billion, with fiscal 2026 revenues projected at $10.45 billion, reflecting a 42.07% year-over-year increase [4] - The Zacks Consensus Estimate for fiscal 2026 earnings is $12.59 per share, unchanged over the past 30 days, compared to earnings of $2.99 per share in fiscal 2025 [12] Competitive Landscape - Sandisk faces competition from Dell Technologies and Micron Technology in the enterprise storage market, with Dell bundling SSDs within servers and Micron supplying high-density flash to hyperscalers [5] - As AI-driven data center demand accelerates, Sandisk's enterprise SSDs are becoming core infrastructure, enhancing its competitive positioning [8] Stock Performance - Sandisk shares have appreciated 506.1% in the past six months, significantly outperforming the broader Zacks Computer and Technology sector, which returned 18.6% [6]

Core Viewpoint - The storage sector in the U.S. stock market has experienced significant gains, with companies like SanDisk and Micron Technology seeing substantial increases in their stock prices, driven by rising DRAM prices and supply shortages [1][2]. Group 1: Market Performance - SanDisk's stock surged by 24.34%, marking its largest single-day increase in ten months [1][2]. - Micron Technology's stock rose by 6.92%, reaching a historical high [1][2]. - Seagate Technology and Western Digital both saw their stock prices increase by nearly 10% [1][2]. Group 2: Price Increases and Demand - Samsung and SK Hynix have announced price increases for DRAM products, with first-quarter prices expected to rise by 60-70% compared to the previous quarter [2][3]. - The semiconductor industry anticipates that clients will accept these price hikes due to the inability of Samsung and SK Hynix to quickly increase production capacity [3]. - The demand for server DRAM is expected to surge, driven by companies like Google and Microsoft expanding their AI services [3][4]. Group 3: Future Projections - Analysts predict that the trend of rising storage prices may continue through 2026, with average selling prices for server DRAM expected to increase by 144% year-on-year [4]. - Citigroup forecasts Samsung's operating profit to reach 155 trillion KRW, a 253% increase from the previous year, while Morgan Stanley expects SK Hynix's operating profit to rise by 224% to 148 trillion KRW [4]. - Micron is expected to report strong financial results for FY26Q1, benefiting from the ongoing supply shortage of storage chips [4]. Group 4: Market Sentiment - A trending topic on social media highlighted the extreme prices of memory modules, with a box of memory sticks being compared to the cost of a house in Shanghai, reflecting the public's awareness of the skyrocketing prices [5][7]. - The global DRAM market is undergoing one of the strongest price increases in history, with many categories seeing price hikes exceeding 100% since July 2025 [7].

Core Viewpoint - The storage chip market is experiencing significant price increases driven by surging demand for AI infrastructure, with major companies like SanDisk and Micron seeing substantial stock price gains [3][5][6]. Group 1: Market Performance - U.S. stock indices continued to rise, with the Dow Jones up by 0.27%, Nasdaq by 0.19%, and S&P 500 by 0.22% [2]. - The market remains largely unaffected by geopolitical tensions in Venezuela, with a three-year bull market continuing, primarily fueled by demand for AI-related stocks [2][3]. - Major storage chip stocks saw significant gains, with SanDisk rising over 20%, Micron up over 6%, Western Digital up over 12%, and Seagate Technology up over 10% [3][4]. Group 2: Supply and Demand Dynamics - Analysts indicate that the surge in AI infrastructure demand is leading to a global supply crunch, which may persist for months or even years [5]. - Samsung's co-CEO described the current shortage as "unprecedented," aligning with warnings from industry peers about ongoing supply constraints [5]. - Market research firm TrendForce reported that prices in certain segments have more than doubled since February of last year, attracting traders to bet on the continuation of this upward trend [5]. Group 3: Future Outlook - Micron's CEO anticipates that the tight storage market conditions will extend beyond 2026, with the company's stock having surged 240% in 2025, significantly outperforming the Philadelphia Semiconductor Index's 42% increase [6]. - Analysts from Morningstar and JPMorgan estimate that the current "super cycle" in the market could last until 2027 or even longer [8]. Group 4: Sector Reactions - While storage chip companies are thriving, cooling system manufacturers are facing significant stock declines due to concerns about reduced demand for their products following comments from Nvidia's CEO [10]. - Companies like Johnson Controls and Modine Manufacturing saw their stock prices drop significantly, with Johnson Controls experiencing an intraday decline of up to 11% [10][13].

The biggest recent beneficiaries of AI excitement haven't been makers of core AI processors like Nvidia NVDA+0.23% and Advanced Micro Devices AMD-3.45%, but rather makers of memory and storage compone... ...

Market Overview - The major U.S. stock indices showed mixed performance at the opening, with the Dow Jones Industrial Average up by 0.21%, the S&P 500 up by 0.36%, and the Nasdaq Composite up by 0.46% as of 23:00 [3] Technology Sector - The technology sector saw mixed results among the "Big Seven" tech companies, with Nvidia rising nearly 3% and Amazon increasing over 2%, while Apple and Tesla both fell over 3%, with Tesla's market value dropping by 310 billion yuan [1] - Tesla announced new financing options for its Model 3/Y vehicles, with down payments starting at 79,900 yuan and monthly payments as low as 1,918 yuan [1] Semiconductor Sector - The storage sector stocks surged, with SanDisk rising by 22.79% to reach an intraday all-time high, and Micron Technology increasing by 7% to $334 per share, surpassing a market capitalization of $370 billion [2][4] - Other semiconductor companies also saw gains, including Microchip Technology up over 8% and Texas Instruments up by 5.97% [4] Data Center Cooling Stocks - Data center cooling stocks experienced significant declines, with Johnson Controls and Trane Technologies dropping by 10% at one point, and Modine falling by 20% [4] Commodity Market - In the commodities market, spot silver surpassed $80 per ounce, with an increase of over 4.9%, while spot gold rose by 0.87% to $4,487.678 per ounce [5][6] Cryptocurrency Market - Major cryptocurrencies experienced a collective rise, with Bitcoin reaching $94,125.8, up by 1.56%, and Ethereum increasing by 4.55% to $3,292.9 [7][8] Federal Reserve Insights - Richmond Fed President Barkin emphasized the need for a "fine-tuning" strategy in future interest rate decisions, highlighting the importance of flexibility and data-driven policies [8]

记者丨张嘉钰 编辑丨江佩佩 1月6日，美股三大指数开盘涨跌互现，截至23:00，三大指数全线转涨，道琼斯指数涨0.21%，标普500 指数涨0.36%，纳斯达克综合指数涨0.46%。 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | | 道琼斯丁 平均 | 49077.93 | 100.75 | 0.21% | | 纳斯达克指数 | 23503.69 | 107.87 | 0.46% | | 标普500 | 6926.92 | 24.87 | 0.36% | | 纳斯达克100 | 25571.44 | 170.12 | 0.67% | | 万得美国科技七巨头指数 | 66274.40 | 126.01 | 0.19% | | 万得中概科技龙头指数 | 4529.16 | 13.62 | 0.30% | | 纳斯达克中国金龙指数 | 7954.56 | 56.32 | 0.71% | 美股存储概念股大涨，闪迪涨22.79%股价创盘中历史新高，美光科技涨7%，报334美元/股，再创历史 新高，总市值突破3700亿美元。微芯科技涨超8%。 | 名称 | 现价 | 涨 ...

每经AI快讯，1月6日，闪迪（SanDisk）涨幅扩大至23%，为十个月以来的最大日内涨幅。 （文章来源：每日经济新闻） ...