存储行业近年来呈现出显著的发展趋势，特别是在企业级存储领域。首先，从 2025 年 8 月开始，存储行业的市场表现就已经开始显现出积极的变化。机械 硬盘（HDD）和固态硬盘（SSD）在企业级应用中的需求都在增加。具体来看， HDD 的价格大幅上涨，并且出现了供不应求的情况，这使得其单位容量成本仍 然具有竞争力。然而，由于缺货问题，对市场影响较大。 另一方面，SSD 技术 也在不断进化和迭代，其在企业级应用中的比例逐渐增加。这主要是因为 SSD 在并行传输速度、大规模组网设计等方面具有明显优势。此外，随着 AI 技术的 发展，对数据存储和调用速度提出了更高要求，而 SSD 能够更好地满足这些需 求。 尽管过去由于写入寿命、数据恢复难度及成本较高等原因，SSD 未能广泛 用于企业级存储，但随着技术进步和价格下降，这些问题正在逐步解决。因此， 现在越来越多的企业开始采用 SSD 进行数据存储。 由于 HDD 供应紧张，部分 CSP 厂商选择 QLC SSD 取代 HDD 以应对冷 存储需求增长，企业级 SSD 需求快速增长，推动 NAND 晶圆需求上升。 预计 2025 年 Q4 NAND 价格将上涨 10-15% ...

假期 AI 进展及解读：Sora2、OpenAI 开发者大会及与 AMD 战略合作 20251008 摘要 AI 视频生成模型 Solo 2 被誉为"AI 视频生成领域的 ChatGPT 时刻"， 在脚本构思、分镜设计和镜头语言等方面实现突破，商业应用潜力巨大， 尤其在广告短片、短剧和动漫同人创作领域。 OpenAI 开发者大会展示了其庞大的开发者群体和用户规模，表明 ChatGPT 具备成为入口级操作系统的潜力，通过降低 AI 应用门槛，为 相关公司带来机遇，并持续推动推理需求增长，利好互联和存储领域。 AI 技术正渗透影视制作的各个环节，从前期策划到后期制作，提高效率 并丰富创造性表达，尤其适合短时、高概念和强视觉的场景，但无法完 全替代整个影视内容的创作。 存储市场正经历由 AI 驱动的超级周期，高端产品如 DDR5、HBM 和 eSSD 产能利用率高，供给紧张，海外厂商资源倾斜导致 DDR4 等产品 价格上涨，预计 2025 年上半年难以新增产能满足 AI 需求。 AI 从训练阶段转向推理阶段，对存储需求扩展到 DDR5、SSD 和 LPDDR5 等多种类型，企业级 SSD 需求增加，预计 2026 ...

如何看待本轮 AI 存储"超级周期"20251008 为什么认为这一轮存储板块进入超级周期？ 这一轮存储板块进入超级周期主要原因在于 AI 需求的强劲拉动。供需错配只是 周期性因素，而 AI 的发展带来了持续且巨大的增量需求。从供给侧来看，海外 厂商逐渐将更多产能资源倾斜到 AI 相关产品，如 DDR5、HBM、SSD 等，使 得传统消费类嵌入式产品产能缩减，导致价格上涨。此外，由于过去两年 DRAM 和 NAND 稼动率较低，各家厂商资本开支不大，因此 2025 年上半年难 以满足新增的巨大 AI 需求。从需求侧来看，随着 AI 从训练转向推理，对高性 能存储如 DDR5、SSD 等产品的需求增加。同时，大容量数据处理呈指数级增 长，使得 SSD 成为主流选择，但其新增容量不足预计会导致未来几年闪迪、耐 耐闪存持续短缺。 存储价格近期有哪些变化？ 根据 CFM 闪存市场报价显示，今年第三季度 NAND Flash 市场综合价格指数 上涨 5%，DRAM 市场综合价格指数上涨近 20%。9 月份单月内 NAND Flash 综合指数上涨约 5%，DRAM 则上涨约 2.6%。此外，多家厂商宣布提价计划， 例如 ...

（一）重要市场新闻 1、美联储会议纪要显示，多数官员表示今年进一步放松政策可能是合适的，多数与会者强调通胀前景 预期的上行风险。美股三大指数收盘涨跌不一，纳指涨1.12%，标普500指数涨0.58%，均创收盘新高， 道指几乎平收，热门科技股普涨，AMD涨超11%，三日累计涨43%，创九年来最佳三日表现，超微电脑 涨超6%，英伟达、博通涨超2%，亚马逊、特斯拉涨超1%。纳斯达克中国金龙指数涨0.87%，中概股多 数上涨，蔚来涨超4%，新东方涨超3%，哔哩哔哩、小鹏汽车涨超2%，爱奇艺跌超2%。 2、现货黄金涨1.41%，报4040.42美元/盎司，再创新高，盘中最高涨至4059.31美元的历史高位； COMEX黄金期货涨1.40%，报4060.60美元/盎司；COMEX白银期货涨1.95%，报48.44美元/盎司。国际 油价走高，美油主力合约收涨0.92%，报62.3美元/桶；布伦特原油主力合约涨0.9%，报66.04美元/桶。 欧洲三大股指收盘全线上涨，德国DAX指数涨0.87%报24597.13点，法国CAC40指数涨1.07%报8060.13 点，英国富时100指数涨0.69%报9548.87点。 （二） ...

每经记者｜杨建 每经编辑｜彭水萍 （一）重要市场新闻 1、美联储会议纪要显示，多数官员表示今年进一步放松政策可能是合适的，多数与会者强调通胀前景 预期的上行风险。美股三大指数收盘涨跌不一，纳指涨1.12%，标普500指数涨0.58%，均创收盘新高， 道指几乎平收，热门科技股普涨，AMD涨超11%，三日累计涨43%，创九年来最佳三日表现，超微电脑 涨超6%，英伟达、博通涨超2%，亚马逊、特斯拉涨超1%。纳斯达克中国金龙指数涨0.87%，中概股多 数上涨，蔚来涨超4%，新东方涨超3%，哔哩哔哩、小鹏汽车涨超2%，爱奇艺跌超2%。 2、现货黄金涨1.41%，报4040.42美元/盎司，再创新高，盘中最高涨至4059.31美元的历史高位； COMEX黄金期货涨1.40%，报4060.60美元/盎司；COMEX白银期货涨1.95%，报48.44美元/盎司。国际 油价走高，美油主力合约收涨0.92%，报62.3美元/桶；布伦特原油主力合约涨0.9%，报66.04美元/桶。 欧洲三大股指收盘全线上涨，德国DAX指数涨0.87%报24597.13点，法国CAC40指数涨1.07%报8060.13 点，英国富时100指数涨0. ...

今日导读 ·央行将于10月9日开展11000亿元3个月期买断式逆回购操作，以保持银行体系流动性充裕。 ·当地时间10月6日，OpenAI与AMD宣布达成战略合作。 ·根据灯塔专业版数据，截至10月8日15时44分，2025年国庆档总票房已突破18亿元。 上证精选 ·央行将于10月9日开展11000亿元3个月期买断式逆回购操作，以保持银行体系流动性充裕。 ·近日，国家发展改革委已会同财政部，向地方下达了今年第四批690亿元超长期特别国债支持消费品以 旧换新资金。 中国人民银行10月7日公布的数据显示，截至9月末，我国黄金储备为7406万盎司，环比增加4万盎司， 已是连续第11个月增持黄金。 产业情报 ○OpenAI与AMD宣布战略合作算力投资持续加码 当地时间10月6日，OpenAI与AMD宣布达成战略合作。OpenAI将部署6吉瓦的AMD GPU算力，利用 AMD Instinct系列GPU为其下一代人工智能基础设施提供动力支持。AMD表示公司与OpenAI的合作预 计将为AMD带来数百亿美元的收入，同时加速OpenAI的AI基础设施建设。 ·据交通运输部消息，10月1日至8日（中秋国庆假期），累计全社会跨区 ...

（文章来源：每日经济新闻） 每经AI快讯，周五，美股存储概念股延续近期强势，SanDisk Corp(SNDK.US)涨超8%，美光科技 (MU.US)涨超3%，希捷科技(STX.US)、西部数据(WDC.US)涨近2%。 ...

Market Overview - US stock indices reached new highs despite data absence, with chip stocks supporting the market; Nvidia hit a three-day high, AMD rose over 3%, and Intel increased nearly 4% [1] - Tesla's Q3 delivery of 497,000 units exceeded expectations but the stock fell over 5% after initially rising 2.5% [7] - Chinese stocks outperformed the market, with Alibaba rising over 3% [1] Federal Reserve and Economic Indicators - Federal Reserve officials urged caution regarding interest rate cuts, leading to a rebound in the dollar and a rise in bond yields [2][15] - The US government is preparing to release non-farm employment data, which may impact bond yields [3][13] Company News - Morgan Stanley raised Alibaba's target price, highlighting the potential of converting AI cloud tokens into e-commerce commission rates [6][17] - Samsung and SK Hynix stocks surged after preliminary supply agreements with OpenAI for the "Star Gate" project, with Samsung up 4.5% and SK Hynix up 9.7% [20] Commodity Market - Gold prices fell after reaching historical highs, while oil prices dropped to four-month lows due to concerns over oversupply [2][10] - WTI crude oil futures fell 2.10% to $60.48 per barrel, and Brent crude oil futures dropped 1.90% to $64.10 per barrel [10] Global Economic Context - High inflation concerns persist, with Fed officials indicating that actions must be "extremely cautious" to avoid excessive monetary easing [15] - The strategic partnership treaty between Russia and Iran has officially come into effect, marking a significant milestone in bilateral relations [16]

Market Overview - US stock indices reached new highs despite data absence, with Nvidia hitting a three-day high and AMD rising over 3% [2] - Tesla's Q3 delivery of 497,000 units exceeded expectations but saw a drop of over 5% in stock price after initial gains [4][11] - Morgan Stanley raised Alibaba's target price, highlighting the potential of converting AI cloud tokens into e-commerce commission rates [4][12] Economic Indicators - The US government is preparing to release non-farm employment data, with the Labor Statistics Bureau reportedly ready to publish September labor data [8] - The ADP data showed a reduction of 43,000 jobs due to a recalibration adjustment, indicating reliance on official non-farm data [9] Commodity Market - Oil prices fell for four consecutive days, reaching a four-month low, with WTI crude oil down 2.10% to $60.48 per barrel [5] - Gold prices saw a decline after hitting a historical high, with COMEX gold futures down 0.45% to $3,879.90 per ounce [5] International Relations - Putin stated that restoring comprehensive relations with the US aligns with Russia's national interests, emphasizing the importance of bilateral cooperation [10][11] - The Russia-Iran strategic partnership treaty has officially come into effect, marking a significant milestone in bilateral relations [11] Company Performance - Samsung and SK Hynix stocks surged after preliminary supply agreements with OpenAI for the "Stargate" project, with increases of 4.5% and 9.7% respectively [15] - Bridgewater's flagship fund saw a 26.4% increase this year, potentially marking its best performance since 2010 [15]

Market Performance - On October 2, the Hong Kong stock market opened strongly, with the Hang Seng Index rising by 1.61% and the Hang Seng Tech Index increasing by 3.36% [2] - The FTSE China A50 Index futures also saw significant gains, peaking at over 1.2% [4] Sector Highlights - The semiconductor sector showed remarkable performance, with the Wind Hong Kong Semiconductor Index surging over 10%. Notable stocks included Junma Semiconductor, which rose nearly 30%, and SMIC, which increased by over 12% [2] - The electrical equipment sector also performed well, with stocks like Xinyi Solar and China High-Speed Transmission rising over 9% [2] - The precious metals sector experienced significant gains, with China Silver Group rising over 37% and gold prices nearing $3900 per ounce due to increased safe-haven demand [3] Foreign Investment Sentiment - Global fund managers are returning to the Chinese market, with Goldman Sachs reporting the highest activity in China's stock market by hedge funds in recent years [5] - Morgan Stanley noted a $1 billion inflow into foreign long funds in China by the end of August, contrasting with a $17 billion outflow the previous year [5] - A recent survey indicated that over half of institutional investors are optimistic about the A-share market, a significant increase from one-third in June [6]