德意志银行:看好美光 DRAM供需缺口将在2027、2028年进一步扩大

智通财经
Sep 28
【德意志银行:看好美光 DRAM供需缺口将在2027、2028年进一步扩大】德意志银行分析师Melissa Weathers看多美光。这位五星分析师在Q4财报前维持买入评级,她认为基本面“强势持续时间将超出预期”。Melissa更新了全球供需测算模型,纳入最新市场变化。整体测算结果显示,DRAM供需缺口将在2027、2028年进一步扩大;市场或在2029年达到供需平衡,2030年转入供给过剩。 Melissa的模型依旧显示,长期需求强劲,显著高于历史中枢。预计至2030年,DRAM需求复合年均增长率约21%,而历史均值仅为15%左右。分析师提到,DRAM晶圆供给复合年均增速上调至15%以上,高于此前12%以上的预测,但供给增速仍大幅低于需求增速。

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