AI算力飙升引爆存储牛市，美银预测周期延续至2027上半年

Core Viewpoint - The report from Bank of America emphasizes a "super cycle" in the global storage market driven by unprecedented demand for AI infrastructure, particularly in high-performance storage solutions like HBM and enterprise SSDs, which are essential for AI applications and data centers [1][5][7]. Group 1: Market Dynamics - The global storage market is experiencing a significant surge, with major players like SK Hynix, Samsung, and Micron seeing stock price increases exceeding 100% this year, and companies like Seagate and Western Digital witnessing over 200% growth [1][2]. - The demand for high-performance storage products, particularly HBM and enterprise SSDs, is expected to continue growing, with Bank of America predicting that the current storage super cycle will last until at least early 2027 [5][10]. Group 2: Company Performance - SK Hynix is establishing a leading position in HBM4/4e and HBM3e, becoming the preferred supplier for major AI clients like NVIDIA and Google, with expectations of significant price increases for HBM products [2][8]. - Bank of America projects a potential stock price increase of 50% for SK Hynix and 40% for Samsung, based on their strong market positions and the ongoing demand for high-performance storage solutions [5][10][13]. Group 3: Future Outlook - The report indicates that the demand for DRAM and NAND products will continue to exceed supply, with expectations of further price increases in the coming months, particularly for DRAM contracts [2][14]. - The anticipated launch of new AI applications, such as Google's Gemini3, is expected to drive further demand for AI computing power and associated storage solutions, reinforcing the bullish outlook for storage companies [5][6][7].