同时，OpenAI与AMD的一项合作也提振了市场情绪。该交易可能使OpenAI获得AMD10%的股份，而 AMD的高带宽内存主力供应商正是SK海力士和三星电子。这意味着今后OpenAI的AI训练芯片订单会大 量流向AMD，进而增加对两家韩国公司HBM产品的需求。 在传统内存芯片市场，由三星主导的DRAM和NAND业务也迎来强劲周期。受供应短缺推动，产品价格 前景持续向好，市场预计将出现"超级周期"。这些因素共同推动了韩国芯片股的上涨，并使韩国成为今 年全球表现最好的股市之一，基准韩国综合股价指数年内累计涨幅已达50%。 免责声明：以上内容为本网站转自其他媒体，相关信息仅为传递更多信息之目的，不代表本网观点，亦 不代表本网站赞同其观点或证实其内容的真实性。如稿件版权单位或个人不想在本网发布，可与本网联 系，本网视情况可立即将其撤除。 素材源：吕怡蕾 编辑：康书源 审核：张强 韩国芯片股在10月10日表现强劲，三星电子和SK海力士股价双双创下历史新高，并带动韩国综合指数 （KOSPI）盘中突破3600点，刷新历史纪录。 当日，SK海力士股价一度大涨超过11%，三星电子涨幅也超过6%。韩国综合指数随之拉升，盘中涨幅 ...

An updated edition of the Aug. 19, 2025, article.Artificial Intelligence (AI) is reshaping industries by enabling machines to analyze vast datasets, identify patterns and make informed decisions. The rapid deployment of generative AI (Gen AI), agentic AI, and multi-modal learning supported by advanced hardware like GPUs and TPUs is fueling innovation across healthcare, finance, robotics, cybersecurity and e-commerce. AI now powers chatbots, diagnostics, fraud detection and autonomous systems, boosting agili ...

Key Takeaways Micron's Q4 2025 revenues and non-GAAP EPS rose 46% and 157% year over year, fueled by AI-driven demand.Texas Instruments' Q2 2025 sales climbed 16%, while non-GAAP EPS surged 15.6%.Micro's forward P/E of 11.7X and 133.5% YTD gain make it more attractively valued than Texas Instruments.Micron Technology, Inc. (MU) and Texas Instruments Incorporated (TXN) stand at the center of the semiconductor boom, but they operate in very different areas. Micron Technology focuses on making memory chips lik ...

全球DRAM超级周期正式来临，存储产品的长期供应将持续紧张。 AI正推动DRAM产品进入新的超级周期。 核心驱动力来自HBM的广泛应用，特别是科技巨头积极开发定制化ASIC芯片，提升AI系统的效能。 AI高速发展，DRAM产能正承受前所未有的压力。 每一套AI计算集群都需要大量HBM，进一步推升了对基础DRAM晶圆的需求。 自第二季度以来，DDR4价格一路攀升，带动DDR5也回升，让近期有装机需求的消费者因此面临更高成本压力。 9月美光科技和SanDisk相继发布涨价通知。 SanDisk宣布产品价格上调逾10%后，美光也通知渠道商，产品将上涨20%至30%。 价格飙升的背后源于AI的爆发性增长。 数据显示，全球DRAM供应商的库存仅3周左右，创近七年新低，远低于行业平均的10周，显示市场供不应求的压力正急速升高。 瑞银分析师预测，OpenAI即将推出的ASIC芯片将用12层堆叠的HBM3E技术。 随着HBM4等新一代技术即将推出，需求预料将进一步扩大，加速DRAM产业的成长。 目前，扩充DRAM供应仍是满足科技巨头对HBM强烈需求的唯一办法。 转自：芯调查 可能在2026至2029年间消耗全球每月50万至6 ...

人民财讯9月30日电，据CFM闪存市场最新预测，2025年下半年在DDR4、DDR5、HBM3E等DRAM ASP及bit出货齐增的强驱动力下，加上NAND单价持续回稳，预计2025年全球存储市场规模合计高达 1932亿美元，将创下历史最高记录。据分析，AI服务器为代表的AI相关的存储应用需求持续旺盛，原 厂存储供应增长有限，导致NAND和DRAM均出现不同程度上的结构性供应短缺，有望全面推升第四季 度存储价格上行。 ...

Market Overview - The overseas AI chip index increased by 0.54% this week, with Marvell rising over 10% while Broadcom fell by 3.0% [2] - The domestic AI chip index rose by 5.2%, with Langchao Technology increasing over 10%, while Rockchip and Cambricon experienced slight declines [2] - The Nvidia mapping index decreased by 3.2%, with Wolong Materials rising over 20% and Taicheng Technology falling close to 10% [2] - The server ODM index increased by 0.7%, with Wistron rising by 4.9%, the highest among its constituents, while Quanta continued its downward trend with a 7.5% decline [2] - The storage chip index rose by 6.1%, with Jucheng shares increasing over 50% and Demingli rising by 22.2%, while Baiwei Storage and Jiangbolong both saw increases over 10% [2] - The power semiconductor index increased by 7.0%, with all constituent stocks showing an upward trend; the A-share Apple index rose by 1.5%, while the Hong Kong Apple index fell by 0.6% [2] Industry Data - The high bandwidth memory (HBM) market is expected to grow nearly threefold between 2024 and 2026, with HBM3E being the dominant product and HBM4 set to enter the market in 2026, indicating a rapid pace of technological iteration [3] - The global VR headset market continues to decline due to weak consumer demand, while the AR smart glasses market shows strong growth, with shipments increasing by 50% year-on-year in the first half of the year [3] - Despite pressures on shipment growth, the average selling price of smartphones globally is expected to rise steadily, with market revenue growth outpacing shipment growth [3] Major Events - Yangtze Memory Technologies, a leading flash memory manufacturer in China, is actively seeking technological breakthroughs and plans to develop key technologies for HBM production, considering using its new Wuhan factory for DRAM chip production [4] - TSMC plans to increase its 2nm process pricing by 50%, putting significant cost pressure on its customers, while Samsung Electronics intends to offer 2nm foundry services at two-thirds the price of TSMC to capture market share [4] - OpenAI has signed an agreement with Apple's assembler, Luxshare Precision, to jointly develop a consumer device that can collaborate deeply with AI models [4]

Key Points Nvidia and Advanced Micro Devices supply some of the world's most powerful artificial intelligence (AI) chips for data centers. Those chips are fitted with high-bandwidth memory, and Micron Technology is a top supplier of that hardware. Micron's revenue and earnings are soaring, yet its stock looks like a bargain relative to its peers, so this could be a great buying opportunity. 10 stocks we like better than Micron Technology › Nvidia and Advanced Micro Devices supply some of the world ...

以下文章来源于半导体行业观察 ，作者编辑部 半导体行业观察 . 半导体深度原创媒体，百万读者共同关注。搜索公众号：半导体芯闻、半导体产业洞察，阅读更多原创 内容 将投中网设为"星标⭐"，第一时间收获最新推送 一个属于存储的超级周期要到来。 来源丨 半导体行业观察 日前，存储厂商美光交出了一份漂亮业绩。 财报显示，该公司本季度营收为113.2亿美元，而上一季度为93.0亿美元；全年营收则从251.1亿美 元增长至373.8亿美元。当中，美光HBM、高容量DIMM和LP服务器DRAM的总收入达到100亿美 元，较2024财年增长了五倍。人工智能对HBM的需求支撑了美光本财年近50%的收入增长，管理 层也上调了2025年服务器的增长预期，这表明美光的高两位数增长并非终点。 自上次公布财报以来，美光股价已上涨约 31%，并从季度内每股 104 美元的低点回升了约 58%， 今年迄今上涨了 90%，财报也证实，HBM 还具有更大的上涨空间。 从美光、三星和SK海力士的表现看来，HBM俨然成为了印钞机。 美光HBM的后来先上？ 美光公司进入 HBM 领域较晚，于 2021 年 6 月推出了 HBM2E 内存，而当时三星和 ...

Summary of Micron Technology Inc. (MU) Conference Call Company Overview - **Company**: Micron Technology Inc. (MU) - **Industry**: Semiconductors, specifically focusing on DRAM and NAND memory products Key Points and Arguments 1. **Strong Financial Performance**: Micron reported revenue of $11.32 billion, exceeding both Goldman Sachs' estimate of $11.25 billion and the Street's estimate of $11.12 billion. The gross margin was 45.7%, above Goldman Sachs' estimate of 44.6% and the Street's estimate of 44.7% [3][11][12] 2. **DRAM Market Health**: The DRAM market remains robust, with Micron's DRAM revenue reaching $8.98 billion, surpassing Goldman Sachs' estimate of $8.86 billion and the Street's estimate of $8.72 billion. The company expects DRAM bit demand growth in 2025 to be in the high-teens range, slightly higher than previous forecasts [3][6][10] 3. **NAND Market Tightening**: The NAND market has tightened significantly in recent months, with Micron's NAND revenue at $2.25 billion, which was below Goldman Sachs' estimate of $2.31 billion and the Street's estimate of $2.35 billion. However, the company anticipates NAND bit demand growth in 2025 to be in the low-to-mid teens range, an improvement from prior expectations [3][7][10] 4. **Capital Expenditure Plans**: Micron plans to maintain a capital spending baseline of approximately $18 billion for FY26, reflecting a 30% year-over-year increase. The company guided for FY1Q revenue of $12.5 billion, significantly above estimates [7][10][14] 5. **Earnings Guidance**: Non-GAAP EPS guidance for FY1Q is set at $3.60 to $3.90, with a midpoint of $3.75, well above Goldman Sachs' estimate of $3.07 and the Street's estimate of $3.09 [7][14] 6. **Market Share and Product Execution**: Micron's execution in the HBM (High Bandwidth Memory) segment is improving, with its market share now aligned with its overall DRAM share. The company has pricing agreements with six HBM3E customers, which account for most of its planned capacity [6][10] 7. **Risks and Neutral Rating**: Despite the positive outlook, there are potential risks, particularly regarding pricing retracement in HBM in 2026 due to the qualification of additional suppliers like Samsung. Therefore, the stock is rated Neutral for now, with a price target raised to $145 from $130 [9][10][17] Additional Important Insights 1. **CapEx Impact on Related Companies**: The positive outlook for Micron is expected to have a favorable read-across for companies like SanDisk (SNDK) and semiconductor capital equipment firms such as Lam Research (LRCX) and Applied Materials (AMAT) due to Micron's significant CapEx increase [2] 2. **Future Considerations**: Analysts may consider a more constructive stance on Micron if further supply/demand tightness is observed in 2026 or if there are signs of improved market share against competitors [10] This summary encapsulates the key insights from the conference call regarding Micron Technology Inc., highlighting its financial performance, market conditions, and future outlook.

财报显示，该公司本季度营收为113.2亿美元，而上一季度为93.0亿美元；全年营收则从251.1亿美元 增长至373.8亿美元。当中，美光HBM、高容量DIMM和LP服务器DRAM的总收入达到100亿美元， 较2024财年增长了五倍。人工智能对HBM的需求支撑了美光本财年近50%的收入增长，管理层也上 调了2025年服务器的增长预期，这表明美光的高两位数增长并非终点。 自上次公布财报以来，美光股价已上涨约 31%，并从季度内每股 104 美元的低点回升了约 58%，今 年迄今上涨了 90%，财报也证实，HBM 还具有更大的上涨空间。 从美光、三星和SK海力士的表现看来，HBM俨然成为了印钞机。 公众号记得加星标⭐️，第一时间看推送不会错过。 日前，美国存储厂商美光交出了一份漂亮业绩。 我们近期已向客户交付了 HBM4 样品，其业界领先的带宽超过 2.8 TB/s，引脚速度超过 11 Gbps。 我们相信，美光科技的 HBM4 性能超越所有竞品 HBM4 产品，不仅拥有业界领先的性能，还拥有一 流的能效。我们久经考验的 1-gamma DRAM、创新高效的 HBM4 设计、自主研发的先进 CMOS 基础芯片以及 ...