存储芯片市场更新报告：“星门”-需求载体已至：对存储芯片行业的影响

Asia Pacific Equity Research 02 October 2025 J P M O R G A N 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Correction (See disclosures for details) Memory Market Update Stargate, the Demand Carrier, has arrived: Implications for the Memory Industry Following the OpenAI-Samsung/SK Hynix DRAM partnership announcement yesterday, we provide reasoning, economics, and share price implications in today's report. We expect OpenAI to be a significant DRAM demand carrier and maintain our multi-year bullish view on the memory industry ...