希捷科技(STX)今日盘中股价大幅下挫5.18%，引发了市场关注。
消息面上，尽管存储芯片板块在人工智能需求驱动下经历了空前上涨，希捷科技过去半年涨幅亦达180%至280%，但市场的乐观情绪正引发对行业强周期性规律的警惕。英国《金融时报》分析指出，存储行业需求波动迅速而产能调整滞后，常导致价格剧烈起伏，当前市场已出现与2022年周期相似的结构性风险：供应商为争取云厂商订单而超前采购，超大规模企业高估需求，导致订单总量远超实际需求，产能同步扩张可能催生新一轮供应过剩。历史数据显示，存储股在剧烈上涨后往往快速回调，投资者可能正在重蹈覆辙。
此外，瑞银在最新研报中虽然上调了对希捷科技的盈利预测，认为其将受益于紧张的定价环境，但同时也指出该股估值难获支撑，在周期深入的过程中市场给予的估值倍数面临下调压力。多重因素叠加，加剧了市场对存储芯片板块短期回调的担忧，从而影响了希捷科技的股价表现。
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