大摩警告内存市场转变:看空HBM“溢价神话”,看多传统存储“周期归来”

华尔街见闻
Aug 14

大摩最新预警全球内存市场重大转变即将到来:HBM(高带宽内存)的"溢价神话"正面临挑战,而传统存储产品面临周期性修复机遇。8月14日,据追风交易台消息,摩根士丹利在最新研报中称,随着HBM市场竞争加剧和定价压力显现,传统DRAM和NAND产品有望在2026年迎来更可持续的增长。该行指出,HBM定价环境正快速变化,2026年将出现重大份额转移和竞争加剧,但短期内风险看似已得到控制,云服务资本开支数据...

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