英伟达大单“点燃”行情，存储板块再爆发

Core Viewpoint - The article highlights the significant impact of HBM4 price increases on Micron Technology's stock performance, which surged by 8.93% to reach a historical high, driven by strong demand in the AI sector and optimistic market expectations for the memory industry [3][5]. Company Performance - Micron Technology reported a revenue of $11.32 billion for Q4 of FY2025, marking a 46% year-over-year increase, with a gross margin of 45.7% [5]. - The company anticipates that its combined revenue from HBM, high-capacity DIMM memory, and low-power server DRAM will exceed $10 billion in FY2025, representing a growth of over five times compared to the previous fiscal year [5]. - Micron has begun sampling HBM4 products to customers and is actively negotiating specifications and procurement volumes, expecting to finalize agreements in the coming months [5][6]. Market Trends - The demand for DRAM is projected to grow at a high double-digit percentage rate in 2025, driven by the increasing need for AI servers and devices [6]. - Analysts predict a 25% increase in DRAM prices in Q4 compared to Q3, marking the highest quarterly increase since the 1990s [6]. - The rise in stock prices of several memory-related companies in China, such as Demingli and Xiangnong Xinchuan, reflects the optimistic outlook for the storage industry [6].