三星电子股价大幅上涨，有望以历史最高收盘价收盘，这得益于投资者对其在人工智能（AI）芯片领域的潜 力以及对其传统存储器业务的信心恢复。 在经过为期一周的假期后，韩国市场周五恢复交易，三星电子的股票在首尔一度上涨6.1%，达到94,400韩元。 这家韩国最大公司的股价今年已累计上涨76%，将其市值推高至3,910亿美元。 来源：内容来自彭博社 。 投资者正押注三星能够赶上规模较小的竞争对手 SK 海力士，向英伟达及其他公司供应用于AI应用所需的高带 宽存储器（HBM）。此外，两家韩国公司与 OpenAI 达成的大规模供应协议也成为了另一个推动力。 NH 投资证券（NH Investment & Securities Co.）的股票交易员 Shawn Oh 表示："在向英伟达供应高带宽存储器 和持续大规模投资AI方面，三星的估值折让正在消失。据说英伟达和三星正处于谈判供货量、价格和时间表 的最后阶段。" 与此同时，由三星主导的传统 DRAM 和 NAND 芯片市场预计将迎来一个"超级周期"，因为供应短缺将推高其 价格前景。 摩根士丹利（Morgan Stanley）分析师在休市期间将三星的目标股价上调了14%至1 ...

格隆汇10月10日｜三星电子有限公司的股价跳涨，有望收于历史最高水平，这得益于投资者对其在人工 智能芯片领域的潜力以及对其传统存储器业务重新建立的信心。在为期一周的假期结束后，该公司的股 票周五在首尔的交易中最高上涨6%，达到94,300韩元。这家韩国最大的公司股价今年已上涨76%，将其 市值推高至3,900亿美元。市场持续看好三星能够在为英伟达等公司提供的AI应用高带宽存储器供应方 面追赶规模较小的竞争对手SK海力士。两家韩国公司与OpenAI达成的一项重磅供应协议也成为了另一 个推动力。NH投资证券公司的股票交易员Shawn Oh表示："在为英伟达供应HBM和正在进行的大规模 AI投资方面，三星的折价正在消退。据说英伟达和三星正处于谈判供应量、价格和时间表的最后阶 段。" 来源：格隆汇APP ...

威刚是全球第二大、中国台湾最大存储器模组厂。威刚董事长陈立白证实，公司这波暂停报价措施将延 续至10月中旬，主要考量DRAM货源严重不足，因此要管控库存和调整配售方式。 DRAM缺货大涨价狂潮挡不住，全球第二大存储器模组厂威刚（3260）、中国台湾存储器模组二哥十铨 不约而同暂停报价，意味「市况比外界预期更热，价格走势还会更高。」威刚董事长陈立白昨（7）日 高喊：「本季是存储器大多头的起点，也是严重缺货的开始，2026年产业荣景可期」。 这是存储器模组业2017年以来，首次出现厂商暂停报价，意味市场严重供不应求，厂商看好价格还会继 续飙，只能先「盖牌」惜售，借此创造最大化获利，并宣告这波DRAM涨价潮从南亚科、华邦等上游晶 片端蔓延至下游模组端，整个产业链一片火热。 这波DRAM狂潮，起因AI带动资料存储需求爆发，三星、SK海力士、美光等三大国际存储器制造商全 力冲刺高带宽存储器（HBM），排挤DDR4、DDR5生产，甚至退出DDR4制造，但在终端需求对 DDR4、DDR5不减反增、且力道强劲，DDR4价格率先拉出一波倍数涨幅，DDR5也跟进激昂，整个产 业全面大复苏。 由于严重缺货，市场疯狂追价囤货导致价格 ...

| 89,700 KRW | | | | | | | | | | + Follow | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | +3,700 (4.30%) ↑ today | | | | | | | | | | | | Oct 2, 9:19AM GMT+9 · Disclaimer | | | | | | | | | | | | 1D | 5D | 1M | 6M | YTD | 1Y | 5Y | Max | | | | | 90,000 | | | | | | | | | | | | 89,000 | | | | | | | | | | | | 88,000 | | | | | | | | | | | | 87,000 | | | | | | | | | | Previous | | | | | | | | | | | | close | | 86,000- | | | | | | | | | | 86,000 | | 10:00AM | | | | | | 1:00 PM | | | 3:00 PM ...

（原标题：大涨！再创新高） 【导读】韩国KOSPI指数再创历史新高 中国基金报记者 李智 10月2日，韩国股市开盘大涨。 SK海力士涨超10%，为4月份以来的最大盘中涨幅，并创历史新高。 消息面上，OpenAI已与韩国两大芯片巨头三星电子和SK海力士达成初步协议，为其庞大的星际之门项 目供应芯片及其他设备。 根据三星和海力士周三发布的声明，OpenAI CEO Sam Altman在首尔签署了一份意向书。该协议旨在将 这两家在存储芯片领域占主导地位的公司，纳入英伟达和甲骨文等巨头也参与其中的星际之门数据中心 建设计划中。 根据声明，随着星际之门项目在全球扩张，来自OpenAI的总需求可能达到每月90万片晶圆。SK集团在 声明中强调，这一预测需求是当前全球高带宽存储器（HBM）产能的两倍多，凸显了项目的巨大体量 和全球AI发展的迅猛势头。 协议内容显示，此次合作远不止于芯片供应。三星集团旗下的其他公司，包括三星SDS、三星物产和三 星重工，也将与OpenAI合作探索未来技术，合作领域涵盖浮动数据中心以及数据中心设计等。此外， SK集团旗下的SK电讯将与OpenAI联手，在韩国西南部共建一个专用的OpenAI数据 ...

据合作声明透露，随着星际之门项目在全球扩张，来自OpenAI的总需求可能达到每月90万片晶圆。 SK集团在声明中强调，这一预测需求是当前全球高带宽存储器（HBM）产能的两倍多，凸显了项目的 巨大体量和全球AI发展的迅猛势头。 OpenAI已与韩国两大芯片巨头三星电子和SK海力士达成初步协议，为其庞大的星际之门项目供应芯 片及其他设备。 根据三星和海力士周三发布的声明，OpenAI CEO Sam Altman在首尔签署了一份意向书。该协议旨 在将这两家在存储芯片领域占主导地位的公司，纳入到英伟达和甲骨文等巨头也参与其中的星际之门 数据中心建设计划中。 这一合作的潜在规模极为庞大。 据声明透露，随着星际之门项目在全球扩张，来自OpenAI的总需求 可能达到每月90万片晶圆。SK集团在声明中强调，这一预测需求是当前全球高带宽存储器（HBM） 产能的两倍多，凸显了项目的巨大体量和全球AI发展的迅猛势头。 协议内容显示，此次合作远不止于芯片供应。 三星集团旗下的其他公司，包括三星SDS、三星物产和 三星重工，也将与OpenAI合作探索未来技术，合作领域涵盖浮动数据中心以及数据中心设计等。此 外，SK集团旗下的SK电讯 ...

Core Viewpoint - Micron Technology's Q4 FY2025 earnings report exceeded Wall Street expectations, signaling positive momentum for AI investments and investors [2][5]. Financial Performance - Micron reported Q4 revenue of $11.3 billion, a 46% year-over-year increase, surpassing analyst expectations of $11.15 billion [2]. - Adjusted operating income reached $3.955 billion, up 126.6% year-over-year, with an adjusted gross margin of 45.7%, a 9.2 percentage point increase from the previous year [2]. - Adjusted earnings per share were $3.03, exceeding market estimates of $2.84 [2]. Business Segment Performance - The cloud memory business, Micron's largest segment, generated $4.54 billion in sales, a 34% quarter-over-quarter increase and a 214% year-over-year increase [2]. - The core data center business saw sales of $1.57 billion, a 3% quarter-over-quarter increase but a 23% year-over-year decline [2]. - Mobile and client segment revenue was $3.76 billion, up 16% quarter-over-quarter and 25% year-over-year [2]. - Automotive and embedded segment revenue reached $1.43 billion, a 27% quarter-over-quarter increase and a 17% year-over-year increase [2]. Product Type Breakdown - DRAM revenue was $9 billion, a 27% quarter-over-quarter increase, accounting for approximately 79% of total revenue [4]. - NAND revenue was $2.3 billion, a 5% quarter-over-quarter increase, making up about 20% of total revenue [4]. Future Outlook - Micron's CEO indicated that the company is well-positioned to benefit from the expected multi-trillion dollar global investment in AI over the coming years [6]. - For Q1 FY2026, Micron expects revenue between $12.2 billion and $12.8 billion, exceeding analyst estimates of $11.9 billion [6]. - Adjusted earnings per share are projected to be between $3.60 and $3.90, significantly higher than the market forecast of $3.05 [6]. Competitive Landscape - Micron is one of the top three memory manufacturers globally, competing with SK Hynix and Samsung, the latter of which is lagging in the AI sector [7]. - Micron's DRAM chips are essential for both personal computers and AI data centers, with high bandwidth memory (HBM) products being critical for AI infrastructure [7]. Market Position and Demand - Demand from Nvidia accounts for 16% of Micron's annual revenue, and Samsung's underperformance in the AI sector is enhancing Micron's market position [8]. - Micron's stock has risen approximately 97% this year, outperforming the average 18% increase of the "Magnificent Seven" tech giants [8]. - Analysts predict that the DRAM market will grow by 83% in 2024, reaching $95 billion, with Micron holding a 35% market share [9].

Core Viewpoint - The semiconductor performance of Samsung Electronics is expected to exceed expectations due to a surge in memory demand, leading KB Securities to raise its target stock price to 110,000 KRW and maintain a "buy" rating [2] Group 1: Samsung Electronics' Performance - KB Securities has increased its net profit forecasts for Samsung Electronics for this year and next by 16.1% and 24.4%, respectively, to 34 trillion KRW and 52 trillion KRW [2] - The semiconductor division's operating profit is projected to reach 20.8 trillion KRW in the second half of this year, a 33% increase compared to the same period last year [2] - Samsung is expected to gain a competitive edge in the high bandwidth memory (HBM) market with its upcoming HBM4, which utilizes 1c DRAM and 4nm logic chips, achieving a performance of 11 Gbps [2] Group 2: Market Dynamics and Price Increases - Samsung Electronics plans to raise prices for some DRAM products by up to 30% and NAND products by up to 10% due to supply shortages in the memory market [4] - SK Hynix is also expected to follow suit with price increases as market prices rise [4] - The demand for memory from AI data centers is driving price increases across the memory industry, with companies like Sandisk and Micron also announcing price hikes [5] Group 3: Future Market Projections - Market Insights predicts that the AI server market growth will significantly boost the DRAM market, with DRAM capacity in AI servers expected to increase from an average of 1TB to over 2.5TB from 2024 to 2030 [6] - The sales of DRAM in data centers are projected to grow from $48 billion in 2024 to $154 billion by 2030, accounting for 70% of total DRAM sales [6]

Core Viewpoint - The memory chip industry is expected to continue its growth momentum driven by AI demand, with a potential "warm winter" scenario emerging in 2023, contrasting the previous discussions of a semiconductor "winter" [2][3]. Group 1: Market Dynamics - Morgan Stanley reports a supply-demand imbalance in the global memory chip market, with expectations of a 9% increase in average selling prices for DRAM by the fourth quarter of 2023 [2]. - The report highlights five significant changes related to the chip cycle, indicating a shift in market conditions [2]. Group 2: Company Ratings and Recommendations - Samsung Electronics is rated as a preferred stock with an "Overweight" rating and a target price of 97,000 KRW, citing attractive valuation metrics based on projected 2026 performance [3]. - SK Hynix's investment rating has been upgraded from "Equal-Weight" to "Overweight," with a target price of 410,000 KRW, driven by strong demand for enterprise SSDs and resilience against competitive pressures in the HBM market [4].

Core Viewpoint - SK Hynix is making significant moves in the semiconductor industry by launching a large-scale recruitment drive for new graduates, which is expected to attract a high number of applicants due to competitive compensation packages and performance bonuses [2][4][6]. Group 1: Recruitment and Compensation - SK Hynix has initiated a recruitment campaign for over 100 new employees, coinciding with the graduation season in March and September, and has eliminated the cap on profit-sharing bonuses, allowing employees to receive up to 100 million KRW annually [2][4]. - The company’s average annual salary reached 117 million KRW last year, and recent recruitment events have seen a surge in interest, with reports indicating that new hires could earn more than their counterparts at Samsung Electronics [5][6]. - The competition for new positions is expected to be fierce, with predictions of a recruitment ratio exceeding 100:1, compared to last year's 50:1 [6][7]. Group 2: Performance and Market Position - SK Hynix reported a 47.8% increase in sales, reaching 354.948 billion KRW, and a 93.6% increase in operating profit, totaling 152.124 billion KRW for the first half of the year [7][8]. - The company is projected to maintain its position as the highest taxpayer in South Korea, with corporate taxes paid in the first half of the year exceeding 27 trillion KRW, marking a 129% increase from the previous year [6][7]. - SK Hynix has captured a 39.5% share of the global DRAM market, continuing to outperform competitors like Samsung Electronics, and is expected to report strong earnings in the upcoming quarters [8].