全球科技领域 - 存储芯片挤压硬件利润率-Global Technology Hardware-Memory Takes A Bite Out of Hardware Margins

M Global Insight November 16, 2025 10:01 PM GMT Global Technology Hardware Memory Takes A Bite Out of Hardware Margins Hardware OEM/ODMs face growing risk of margin pressure as the memory supercycle intensifies amidst a tepid hardware demand backdrop. Secular opps in Gen AI/Data Proliferation remain in-place but cyclical headwinds are growing. We're stepping to the sidelines on a number of OEM's as a result. Morgan Stanley does and seeks to do business with companies covered in Morgan Stanley Research. As a ...