来源:市场资讯(来源:君实财经)中芯国际:关注存储超期周期对终端需求的影响中芯国际3Q25收入环比增长7.8%,毛利率22.0%,高公司指引。但公司预计4Q收入持平到2%增长,毛利率18~20%,低于彭博一致预期。通过本次业绩会,我们得到以下两个结论:观点#1: 留意存储“超级周期”对手机等终端需求的冲击受HBM、eSSD等用于AI大模型训练/推理的存储需求快速增长的冲击,过去几个月消费级DRAM...
Source Link来源:市场资讯(来源:君实财经)中芯国际:关注存储超期周期对终端需求的影响中芯国际3Q25收入环比增长7.8%,毛利率22.0%,高公司指引。但公司预计4Q收入持平到2%增长,毛利率18~20%,低于彭博一致预期。通过本次业绩会,我们得到以下两个结论:观点#1: 留意存储“超级周期”对手机等终端需求的冲击受HBM、eSSD等用于AI大模型训练/推理的存储需求快速增长的冲击,过去几个月消费级DRAM...
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