周二，SanDisk Corp.的股价飙升了28%，创下自2月份以来的最佳表现。此前，英伟达公司首席执行 官黄仁勋在CES科技展上发表讲话，强调了内存和存储的必要性。 公众号记得加星标⭐️，第一时间看推送不会错过。 该股势头强劲，2026年前三个交易日涨幅超过47%，自4月22日触底以来累计飙升1080%。周二，该 股成为标普500指数中表现最佳的股票，紧随其后的是存储公司西部数据和希捷科技，这两家公司的 股价均实现了两位数的百分比涨幅。 黄仁勋周一在CES上表示："就存储而言，这目前是一个完全未被开发的市场。这是一个从未存在过 的市场，而且很可能成为全球最大的存储市场，它将承载全球人工智能的工作记忆。" 内存价格一直在稳步上涨。本周早些时候，《韩国经济日报》报道称，三星电子和SK海力士计划在 今年第一季度将服务器DRAM价格较去年第四季度上涨60%至70%。 美国银行分析师Wamsi Mohan及其团队在1月4日发给客户的一份报告中指出，SanDisk和其他存储设 备公司被视为2026年"人工智能推理和边缘人工智能"发展趋势的"主要受益者"。Mohan预计，企业 将出于训练、分析和合规等目的保留越来越多的数 ...

长鑫是啥来头？事实上，它2016年才成立，到如今也不过8年多一点的时间，在所有的内存芯片厂商 中，算是最年轻的企业了。 中国最强的DRAM内存芯片厂商长鑫存储，终于也要IPO了。资料显示，长鑫拟募集295亿元，用来进 行生产线改造，技术研发等等。 当然，杀到全球第四，且技术追三星们，代价当然是巨大的，那就是从成立到现在，就没有赚过钱，一 直是高投入，持续的亏损当中。 但虽然只有8年多时间，如今长鑫存储在全球市场，已经排在第4名了，仅次于SK海力士、三星、美光 这三家巨头了，2025年Q3时，其份额为5%左右。 具体的份额如下图，虽然与前三大厂商还有一定的差距，但是大这都清楚，这三家企业都是领先几十 年，长鑫才8年多时间，就达到这个地步，已经是相当厉害了。 从技术上来看，那么长鑫就几乎与三星、SK海力士等站在同一步起跑线了。 相当初2017年前，国内内存芯片技术几乎没有，完全靠进口，长鑫是完全从0开始，追在三星、SK海力 士、美光背后。 不仅如此，美光等还不断的使梆子，就是在想方设法的阻挡长鑫等中国存储芯片厂商的崛起，比如限制 设备销售，比如起诉等等，但依然没能阻挡住长鑫崛起的脚步。 到目前长鑫存储已经实现了从 ...

Core Viewpoint - The AI storage market is experiencing significant growth, prompting companies to accelerate their investment and development efforts in high-end storage solutions to meet increasing demand driven by AI technologies [1][2]. Group 1: Company Developments - Jiangbolong plans to raise up to 3.7 billion yuan for R&D and industrialization of high-end storage solutions targeting the AI sector, semiconductor storage control chips, and high-end packaging and testing [1]. - Demingli aims to raise up to 3.2 billion yuan for expanding SSD and DRAM production, as well as establishing a smart storage management and R&D headquarters [2]. - Zhaoyi Innovation reported rapid market share gains for its DDR4 8Gb products and plans to mass-produce self-developed LPDDR4 series products next year [3]. Group 2: Market Trends - The demand for storage is being driven by the exponential growth of generative AI and large model technologies, leading to a significant increase in data processing needs [1]. - DRAM spot prices surged, with DDR5 chips increasing by 30% in one week due to tight supply and limited shipments from major module manufacturers [2]. - The storage industry is expected to enter a prolonged "super cycle" due to AI-driven supply shortages, with market demand continuing to rise [1][2]. Group 3: Industry Standards and Collaboration - The establishment of the Future Storage working group aims to develop AI storage standards and promote a technical framework for storage architecture and performance evaluation [3][4]. - The working group will focus on key technologies such as KV Cache optimization and storage acceleration for AI inference [3].

Market Overview - The three major indices opened higher, with the Shanghai Composite Index up 0.36%, the Shenzhen Component Index up 0.53%, and the ChiNext Index up 0.90% [1] - The real estate sector showed renewed strength, while military industry stocks continued to perform well [1] Industry Developments - Sixteen hard technology products were rapidly approved, with eleven fund companies, including E Fund and Huatai-PB, receiving licenses to initiate fundraising [1] - The National Internet Information Office and the Ministry of Public Security drafted regulations on personal information protection for large online platforms, requiring data collected in China to be stored domestically [1] Investment Insights - CITIC Securities noted that the volatility of global risk assets is primarily a liquidity issue, with a heavy reliance on AI narratives leading to valuation corrections as commercial development lags behind market expectations [2] - Concerns about the sustainability of AI infrastructure in North America have intensified due to revised expectations for interest rate cuts by the Federal Reserve [2] - Long-term investment strategies should focus on resource and traditional manufacturing sectors, while the difficulty of timing rotations in high-cut-low strategies is expected to increase [2] Technology Sector Focus - The domestic DRAM chip leader, Changxin Storage, launched new DDR5 and LPDDR5X products, with the latest DDR5 chip achieving a 25% speed increase to 8000Mbps [3] - The demand for DRAM is expected to surge, with prices having risen by 50% this year and projected to increase by an additional 30% by Q4 2025 [3] - The demand from NVIDIA for LPDDR is anticipated to create broader, long-term risk factors affecting the entire consumer electronics market [3] Market Sentiment - The Shanghai Composite Index experienced significant weakness, with a notable decline attributed to external risks and market sentiment testing [4] - The focus of market concerns has shifted from AI capital expenditure sustainability to fears of prolonged high interest rates by the Federal Reserve [4] - Current strategies should prioritize stable performance sectors and maintain flexibility for potential new technology trends in the coming year [4]

Group 1 - Nvidia has decided to switch AI server memory chips from traditional DDR5 to low-power LPDDR chips, which are typically used in smartphones and tablets, to reduce energy costs [1] - This transition will position Nvidia as a significant LPDDR customer, comparable to major smartphone manufacturers, creating challenges for the supply chain to meet such demand [1] - Chip manufacturers are considering reallocating more factory capacity to LPDDR production to satisfy Nvidia's needs, potentially exacerbating supply tightness for other memory products [1] Group 2 - Memory prices are expected to rise by approximately 50% from current levels before the second quarter of 2026 due to critical chip shortages [1] - In October, various storage model prices accelerated, with month-on-month increases ranging from 40% to 100%, driven by the growing demand for AI servers [1] - The storage industry cycle is primarily driven by the explosion of storage demand in the AI era, with limited supply-side capacity, suggesting that the supply-demand gap may widen further into the first half of 2026, leading to sustained price increases [1] Group 3 - Domestic storage companies are expected to benefit from a dual drive of "price recovery + localization," with a robust recovery in demand, orders, and operating conditions anticipated in the fourth quarter [2] - Baive Storage has launched embedded storage products such as UFS3.1, LPDDR5/5X, and uMCP for AI smartphones, and has developed high-capacity LPDDR products of 12GB and 16GB [3] - Huicheng Co., Ltd. is providing LPDDR memory chip packaging services based on its PoP stacking packaging technology through its investment in Hefei Xinfeng Technology Co., Ltd. [3]

Group 1 - The core viewpoint of the articles highlights a significant shift in the memory chip market, particularly due to Nvidia's decision to switch AI server memory from traditional DDR5 to low-power LPDDR chips, which could lead to increased demand and supply chain challenges [1] - Counterpoint Research indicates that this transition will position Nvidia as a major LPDDR customer, comparable to leading smartphone manufacturers, creating potential supply constraints in the market [1] - The report anticipates that server memory chip prices could double by the end of 2026, which would increase operational costs for cloud service providers and AI developers [1] Group 2 - The latest pricing data from CFM shows a comprehensive increase in FlashWafer prices, with the highest increase recorded at 38.46% [2] - Specific price changes include a 25.00% rise for 1Tb QLC to $12.50, a 23.81% increase for 1Tb TLC to $13.00, a 38.46% surge for 512Gb TLC to $9.00, and a 14.58% rise for 256Gb TLC to $5.50 [2]

据 Counterpoint Research 周三发布的一份报告显示，英伟达在其人工智能服务器中使用智能手机 式内存芯片的举措，可能会导致服务器内存价格在 2026 年底前翻一番。 如果您希望可以时常见面，欢迎标星收藏哦~ 来 源 ： 内容 编译自路透社 ，谢谢 。 *免责声明：文章内容系作者个人观点，半导体芯闻转载仅为了传达一种不同的观点，不代表半导体芯闻对该 观点赞同或支持，如果有任何异议，欢迎联系我们。 在过去的两个月里，由于制造商将重心转向适用于人工智能应用半导体的高端存储芯片，全球电子 产品供应链都受到了传统存储芯片短缺的冲击。 但专注于科技领域的市场研究公司Counterpoint表示，新的问题即将出现。英伟达最近决定降低人 工智能服务器的功耗成本，方法是将其使用的内存芯片类型从通常用于服务器的DDR5更换为通常 用于手机和平板电脑的低功耗内存芯片LPDDR。 英伟达计划于周三晚些时候发布财报。 Counterpoint 表示，由于每个 AI 服务器需要的内存芯片比一部手机要多，因此这种变化预计将会 产生行业无法应对的突然需求。 三星电子、SK海力士和美光等存储器供应商在减少产量以专注于高带宽存 ...

Market Overview - The Hong Kong stock market showed a recovery in bullish sentiment, with the Hang Seng Technology Index rising by 2.74% and the Hang Seng Index increasing by 2.12%[9] - Southbound capital net inflow into Hong Kong stocks reached HKD 5.479 billion[9] Sector Performance - Technology stocks collectively surged, with Alibaba up over 4% and JD.com up over 3%[9] - Financial heavyweight stocks, including insurance and Chinese banks, also contributed to the market's rise[9] - Aluminum sector stocks led gains in the non-ferrous metals sector, with China Aluminum rising over 11%[9] U.S. Market Performance - Major U.S. indices closed lower, with the Nasdaq down 1.9%, S&P 500 down 1.12%, and Dow Jones down 0.84%[9] - Large tech stocks experienced declines, with Nvidia and Tesla both dropping over 3%[9] Notable Stock Movements - New stock Wangshan Wangshui debuted with a 145.73% increase on its first trading day[9] - Semiconductor stocks remained strong, with SMIC rising over 7% amid expectations of continued price increases in the fourth quarter[9] Economic Indicators - U.S. employers announced 153,074 layoffs in October, marking a 175% increase compared to the previous year[13] - The Bank of England maintained interest rates at 4%, indicating potential for future rate cuts[13]

Group 1 - Nvidia CEO Jensen Huang believes that China will win the AI race due to a more favorable regulatory environment and lower energy costs, criticizing Western cynicism as a hindrance to progress [2] - The International Electrotechnical Commission (IEC) has officially released the world's first international standard for industrial 5G, co-developed by China and Germany, marking a significant milestone in the "5G + industry" integration [3] - New Oriental Education Group's chairman, Yu Minhong, confirmed the departure of CEO Sun Dongxu, emphasizing their good communication and the positive impact of Sun's contributions to the company [4] Group 2 - Arm's executive Drew Henry stated that the company focuses on collaborative chip design with clients rather than manufacturing its own chips, reaffirming its strategy [5][6] - Sunac China Holdings announced the approval of a debt restructuring plan for approximately $9.6 billion in overseas debt, which will convert creditors into shareholders [6] - Porsche has inaugurated its first large-scale overseas R&D center in China, which will develop in-car systems expected to be implemented by 2026 [7] Group 3 - WeRide officially listed on the Hong Kong Stock Exchange, raising a total of HKD 2.39 billion with a share price of HKD 27.1, marking a significant step for the autonomous driving sector [8] - The China Automotive Industry Association announced the upcoming "2025 China Automotive Supply Chain Conference" scheduled for November 24-26, 2025, in Wuhu City [9] - TrendForce reported a severe hoarding phenomenon in the DRAM spot market, with DDR5 chip prices rising by 30% due to supply constraints and strong demand [10] Group 4 - A total of 42 A-share listed brokerages reported a net income of CNY 186.857 billion from proprietary trading in the first three quarters, reflecting a year-on-year growth of 43.83% [11] - Meta Platforms Inc. is facing scrutiny over its substantial capital expenditures, projected to reach $72 billion this year, reminiscent of past challenges related to its metaverse investments [12] - SoftBank reportedly considered acquiring American chip manufacturer Marvell earlier this year, which would have been the largest semiconductor industry merger in history if completed [13]

Market Overview - The A-share market indices collectively strengthened, with the Shanghai Composite Index rising by 0.97% and reclaiming the 4000-point mark, while the Shenzhen Component, ChiNext, and Sci-Tech 50 indices increased by 1.73%, 1.84%, and 3.34% respectively [1] - The total trading volume in the Shanghai and Shenzhen markets reached 20.552 trillion yuan, an increase of 182.9 billion yuan compared to the previous day [1] - The number of rising stocks was 2880, while 2388 stocks declined, with a median increase of 0.12% for individual stocks [1] Investment Trends - The market's upward movement aligns with previous expectations, as the Shanghai Composite Index showed signs of a bottoming out, indicating potential for further gains if it surpasses the previous high of 3985 points [2] - Notable trends include a significant inflow of funds into major stocks related to industry trends, particularly in AI computing, semiconductor chips, and humanoid robots [4][5] - The current market environment at the 4000-point level is characterized as the "calmest" in history, contrasting with previous rapid bull markets, suggesting a more stable and gradual growth trajectory [6] Sector Performance - Key sectors such as semiconductors, non-ferrous metals, components, IT equipment, communication devices, chemicals, and electrical equipment have shown strong performance, largely driven by AI-related developments [6] - The humanoid robot sector experienced a surge, with significant positive news contributing to market sentiment, particularly regarding new product launches and partnerships [10] - The phosphorous chemical sector saw a notable increase of 3.83%, driven by rising yellow phosphorus prices and demand from the energy storage sector [13] Market Dynamics - The market is currently in a phase of sector rotation, with sustained performance in key areas such as AI computing, AI semiconductor chips, and energy storage [6] - Despite the overall market rally, there is a divergence where many investors may not be profiting, indicating that investing in ETFs could be a more effective strategy for some [5] - Short-term fluctuations are expected, and the market's ability to achieve consensus in sentiment will be crucial for future movements [9]