存储芯片“贫富差距”拉大,赢家输家到底怎么选?

华尔街见闻
Jan 21

摩根士丹利指出,人工智能正推动半导体行业剧烈分化,形成一场 “K型”复苏。AI存储芯片(如HBM)供不应求,使三星、SK海力士等上游厂商显著受益;但下游的PC和手机制造商则面临无法转嫁成本的压力。这一趋势由AI的 “产能挤出效应”主导,甚至导致传统存储(如DDR4)出现短缺,成为区分行业赢家和输家的关键分水岭。人工智能浪潮正在重塑半导体行业的估值逻辑,随着AI驱动的需求爆发,存储芯片市场正经历一场...

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