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重磅!大摩最新 2026 存储行业研报出炉:DRAM 牛市远未结束,AI 才刚刚开始!

  • 2026-09-27 21:31:23
重磅!大摩最新 2026 存储行业研报出炉:DRAM 牛市远未结束,AI 才刚刚开始!
还在担心存储周期见顶？这份顶级投行一手报告直接推翻旧认知，看完彻底理清存储芯片投资逻辑。
✅ 核心结论速览
  • 短期下跌只是健康回调，AI 催生超长超级周期，景气维持至 2027 年
  • Agent AI、本地 AI PC 爆发，内存需求 4-7 倍激增，DRAM 是 AI 最大瓶颈
  • Q3 DRAM 继续涨价，HBM 明年价格大幅上行，AI 产能优先分配
  • 长协订单弱化周期属性，三星、SK 海力士存在估值重估机会
  • 2027 年底新增产能才落地，行业真正下行要等到 2028 年
报告附带龙头企业目标价、盈利测算、行业库存、资本开支全维度数据，不管是产业从业者还是芯片投资者，都是不可错过的参考资料。
【文末福利】完整报告原文整理完毕，关注公众号：私信回复【2026071002】领取完整版 PDF，建议收藏反复研读！
正文结束！辛苦大家关注、点赞和转发！你们的每一份支持，都是我持续更新的动力～

如涉及侵权请及时联系反馈，本小编将立即删除配合处理。

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重磅!大摩最新 2026 存储行业研报出炉:DRAM 牛市远未结束,AI 才刚刚开始!

基本 文件 流程 错误 SQL 调试
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0.087876s