智通财经APP获悉，周四，电脑硬件股盘前下跌，戴尔科技(DELL.US)跌逾4%，惠普(HPQ.US)跌逾3%。
有分析师称，2025年第一季度至第四季度期间，主流个人电脑内存及存储成本上涨了约40%至70%，而这部分涨幅已转嫁至消费者身上。核心问题在于产能分配：内存制造商正全力追逐利润率更高的服务器级DRAM和人工智能基础设施所需的HBM(高带宽存储器)，导致用于笔记本电脑和台式机的普通DDR内存产能不足。
个人电脑制造商警告称，2026 年可能会让消费者倍感棘手：问题并非出在 CPU(中央处理器)或 GPU(图形处理器)缺货，而是行业正遭遇内存短缺危机 —— 这一状况将推高物料清单成本，并迫使厂商做出尴尬的配置选择。对于戴尔、联想等大型原始设备制造商(OEM)而言，要么选择支付更高成本并上调产品售价，要么选择维持售价不变，但降低产品配置规格。
IDC研究经理吉特什·乌布拉尼(Jitesh Ubrani)表示，若2026年PC出货量下降9%，总出货量将降至约2.6亿台，略低于2024年的约2.633亿台，并接近2023年的水平——“那是PC历史上最糟糕的年份之一”。
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