“存储狂潮”何时见顶?这是最有效的“领先指标”

华尔街见闻
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瑞银回溯20年存储周期称,HBM挤占DRAM产能、AI推高存储价值权重后,传统用“价格加速”去预判行情见顶的命中率不高。更有效的领先指标是经营利润:历史上股价在90%情况下与利润峰值同步或提前见顶。该行预计本轮利润峰值出现在2027年三季度,意味着存储股上涨行情或延续至2027年二季度。自2023年1月以来,受AI计算需求推动,存储芯片股持续大涨,前三大存储制造商股价平均上涨699%。然而,随着...

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