花旗警告，2026年全球将面临存储芯片的"严重供应短缺"。 据追风交易台信息，花旗在其最新的展望中，展现了比野村证券更为激进的看涨姿态。分析师认为，受AI Agent（人工智能代理）普及和AI CPU 内存需求激增的驱动，存储芯片价格将在2026年出现失控式上涨。分析师将2026年DRAM的平均售价（ASP）涨幅预期从原本的53%暴力上调至 88%，NAND的涨幅预期从44%上调至74%。 01 定价权完全向卖方倾斜 花旗研究团队在最新报告中明确指出，预计2026年商品存储器市场将出现"严重的供应短缺"。这种短缺并非暂时性的供应链扰动，而是由结构性 数据增长驱动的。花旗将2026年DRAM（动态随机存取存储器）的平均售价（ASP）同比增速预期从之前的+53%大幅上调至+88%。 更令人震惊的是服务器DRAM的数据。 花旗预计，受AI训练和推理需求的双重推动，2026年服务器DRAM的ASP将同比暴涨144%（此前预测为+91%）。以主流产品64GB DDR5 RDIMM为例，花旗预测其价格将在2026年第一季度达到620美元，环比增长38%，远高于此前预测的518美元。 | SERVICE FINITED S ...

Core Insights - The 15th China Automotive Forum was successfully held in Shanghai from July 10 to 12, where Horizon Robotics' President Chen Liming delivered a keynote speech on the latest trends in the intelligent driving industry and the company's technological innovations [1]. Group 1: Industry Trends - Intelligent driving technology is at a critical development stage, with a potential for rapid growth as it has reached an inflection point [1]. - The growth is supported by three factors: the integration of intelligent driving in China's new energy vehicle strategy, the expansion of Navigate on Autopilot (NOA) features from high-end to mid-range vehicles, and consumer preference for intelligent features in electric vehicles, especially among premium brands [1]. Group 2: Challenges in Intelligent Driving - Despite the promising outlook, intelligent driving faces challenges, particularly with urban NOA, which is still in a "usable" stage due to complex traffic conditions leading to safety issues [2]. - Current systems have limited Operational Design Domain (ODD) and weak generalization capabilities, which restrict their usage areas [2]. - High-performance systems are costly, hindering widespread adoption [2]. Group 3: Technological Innovations by Horizon - Horizon has developed the Vision Mamba algorithm, which addresses computational and visual challenges, enhancing performance with linear complexity and global perception [2]. - The Senna architecture combines end-to-end models with Visual Language Models (VLM), improving generalization and decision-making capabilities while reducing planning errors and collision rates [2]. - The Journey 6 series chips cover a range of intelligent driving applications, with the Journey 6P chip set to debut in Chery vehicles this year [2]. Group 4: Future Outlook - Horizon supports domestic manufacturers in producing intelligent driving systems and collaborates with international companies, including strategic partnerships with Bosch and Denso announced at the Shanghai Auto Show [3]. - The future of the intelligent driving industry is expected to see further integration of hardware and software, leading to the development of a unified AI Agent for distributed control [3]. - Horizon aims to collaborate with partners across the industry chain to create user-friendly intelligent driving products that deliver real value to consumers [3].