存储芯片疯狂涨价,PC与服务器厂商受伤!大摩:每涨10%,OEM毛利率就下降45-150个基点

华尔街见闻
Nov 17, 2025

一场前所未有的存储芯片“超级周期”正席卷全球科技硬件行业,给个人电脑(PC)和服务器制造商的利润前景蒙上阴影。 据追风交易台消息,摩根士丹利于11月16日在发布的报告中警告,存储芯片价格的失控飙升将严重侵蚀硬件原始设备制造商(OEM)的利润率。将多家全球硬件OEM及ODM(原始设计制造商)的评级下调。 报告认为,价格飙升的存储芯片(NAND和DRAM)是PC、服务器等产品的关键组件,其成本占部分...

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