[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dciof972658d":3},{"user":4,"document":8,"mainDocument":28,"columnUrl":30,"subscription":31,"footer":43,"text":78},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":24,"videoId":6,"liveVideoUrl":6,"duration":25,"price":25,"priceText":26,"priceBadgeText":26,"priceBadgeClass":27,"freeForMinGroupLevel":25,"redirectUrl":6,"readyToStream":5},"dciof972658d","狂飙550%！美股SanDisk目标价直冲300美元，存储芯片迎来“英伟达式”财富神话？","\u002Fdoc\u002Fdciof972658d","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>美国时间周一，美股存储芯片板块彻底沸腾，再次证明了AI驱动的半导体周期力量。\u003C\u002Fp>\u003Cp>美国闪存龙头SanDisk（SNDK）在强劲的涨价消息和顶级投行密集的上调目标价刺激下上涨11.89%，报267.95美元，盘中一度触及270.91美元的历史新高。\u003C\u002Fp>\u003Cp>近6个月，该股狂奔式上涨549.26%。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1010,580\">\u003Cimg style=\"aspect-ratio:1010\u002F580;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251111\u002Fv2_f090a2cce79d4d9eb6a049db9b2df687@5576020_oswg62781oswg1010oswg580_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"1010\" height=\"580\">\u003C\u002Ffigure>\u003Cp>SNDK的爆发链条\u003C\u002Fp>\u003Cp>本轮涨势的直接催化剂是周末传出的重磅消息：SNDK于11月大幅调涨NAND闪存合约价格，涨幅高达50%。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1080,313\">\u003Cimg style=\"aspect-ratio:1080\u002F313;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251111\u002Fv2_6715cb6213aa46c0826ec9da403398cc@5576020_oswg142417oswg1080oswg313_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"1080\" height=\"313\">\u003C\u002Ffigure>\u003Cp>这已是SNDK今年以来至少第三次涨价，其在9月率先打响普涨“第一枪”，并引发了美光等存储龙头的跟进。\u003C\u002Fp>\u003Cp>NAND Flash价格的连续且高强度的上涨，直接反映了AI热潮催生需求激增，而与此同时供应端受限加剧了供需失衡。\u003Cstrong>特别是大容量芯片（256Gb-1Tb）在2025年9-10月期间，月涨幅已达到惊人的8.5%-12.9%。\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>业绩与指引超预期\u003C\u002Fp>\u003Cp>SNDK公布的2026财年第一季度业绩，营收、利润率及每股收益均大幅超出市场预期，并给出了显著强于预期的第二季度业绩指引。 \u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1080,607\">\u003Cimg style=\"aspect-ratio:1080\u002F607;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251111\u002Fv2_4ae366e40aee4cad90d9063da94286ad@5576020_oswg141606oswg1080oswg607_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"1080\" height=\"607\">\u003C\u002Ffigure>\u003Cfigure class=\"image\" data-img-size-val=\"1080,607\">\u003Cimg style=\"aspect-ratio:1080\u002F607;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251111\u002Fv2_f8d604b0bd7243c8aa95fdbe1bf9a85d@5576020_oswg232332oswg1080oswg607_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"1080\" height=\"607\">\u003C\u002Ffigure>\u003Cp>研究机构伯恩斯坦法兴集团指出，SNDK出色的业绩归因于强劲需求和“极具韧性”的定价环境。基于此： \u003C\u002Fp>\u003Cp>高盛：将SNDK 2025-2027财年的每股盈利预期分别提高69.2%、83.6%和85%，同时将目标价从140美元提高至280美元。\u003C\u002Fp>\u003Cp>伯恩斯坦法兴集团：更为激进，周一将目标价从120美元上调至300美元，上调幅度高达150%。该机构预测强劲定价将持续至2026年Q3末，并将SNDK2027财年每股收益预估上调至28.15美元。\u003C\u002Fp>\u003Cp>SNDK的爆发带动了整个美股存储概念股集体大涨：美光MU涨超6%，西部数据WDC涨近7%，希捷科技STX涨超5%。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"855,130\">\u003Cimg style=\"aspect-ratio:855\u002F130;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251111\u002Fv2_ddd38c9845eb422db6b89600fe65bc0f@5576020_oswg16877oswg855oswg130_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"855\" height=\"130\">\u003C\u002Ffigure>\u003Cp>值得注意的是早在10月3日，我们发表深度长文《别只盯着英伟达了！AI存储硬盘才是最大赢家，四大牛公司名单曝光！WDC...》，明确指明了本轮存储板块启动的核心逻辑，并给出了包括SNDK在内的四家关键美股公司名单。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1080,608\">\u003Cimg style=\"aspect-ratio:1080\u002F608;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251111\u002Fv2_1313af3a581b4843beaaf6197f24d89d@5576020_oswg69988oswg1080oswg608_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"1080\" height=\"608\">\u003C\u002Ffigure>\u003Cp>今日的市场走势，恰恰验证了我们对AI基础设施投资链条正在从算力（GPU）延伸至存力（存储芯片\u002FSSD）的精准预判。\u003C\u002Fp>\u003Cp>AI存力重塑存储格局\u003C\u002Fp>\u003Cp>SNDK股价的飙升，其深层驱动力是AI浪潮引发的“AI存力”与现有产能的结构性不匹配，导致存储行业迎来30年来最剧烈的涨价潮。\u003C\u002Fp>\u003Cp>\u003Cstrong>DRAM产能的结构性紧缺\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>AI存力的“硬通货”——HBM（高带宽内存）是本轮周期的起点。\u003C\u002Fp>\u003Cp>HBM价格飞涨：HBM3E 16GB现货价从2024年的8美元\u002FGB暴涨至2025年Q3的20美元\u002FGB，涨幅高达150%。\u003C\u002Fp>\u003Cp> 产能瓶颈：AI芯片单卡HBM用量巨大，但CoWoS等先进封装产能严重不足，制约了HBM量产。\u003C\u002Fp>\u003Cp>为了满足HBM的巨额利润订单，三星、SK海力士、美光等原厂将资本开支优先倾斜于HBM。这种资源倾斜直接导致了传统DRAM供应紧缺：原厂减产并逐步停产DDR4，导致传统DRAM供应缺口达20%。\u003C\u002Fp>\u003Cp>结果是，DDR4 16GB条合约价同比暴涨171.8%，价格从200元涨至500元以上。\u003C\u002Fp>\u003Cfigure class=\"image\" data-img-size-val=\"1080,198\">\u003Cimg style=\"aspect-ratio:1080\u002F198;\" src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20251111\u002Fv2_f1dfae67ef2b4bfd94cb76c228a10fb4@5576020_oswg68035oswg1080oswg198_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"1080\" height=\"198\">\u003C\u002Ffigure>\u003Cp>\u003Cstrong>NAND Flash的接力\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>HBM引发的产能转移，使得NAND Flash市场也进入卖方市场。原厂减产并将产能向企业级SSD倾斜，但仍跟不上AI需求爆发的速度：数据中心加速SSD替代HDD，OLCSSD成为AI模型存储的主流方案。\u003C\u002Fp>\u003Cp>SNDK作为NAND Flash龙头，直接受益于这波企业级存储需求的升级浪潮，确保了其在NAND市场的核心地位和持续提价的能力。\u003C\u002Fp>\u003Cp>超级存储周期的持续性\u003C\u002Fp>\u003Cp>存储行业正经历AI驱动的超级周期，HBM与企业级存储是核心增长极。有行业研报指出，传统存储的供需缺口预计将至少持续至明年。\u003C\u002Fp>\u003Cp>短期（2025年Q4-2026年Q1）：DRAM和NAND价格预计将继续上涨，HBM维持极度紧缺和高价位。\u003C\u002Fp>\u003Cp>中期（2026年Q2-Q4）：HBM产能释放后价格可能承压，但AI需求的高景气度将使传统存储芯片维持温和上涨周期。\u003C\u002Fp>\u003Cp>长期（2027年及以后）：AI将主导存储行业的需求格局，结构性机会将持续集中在HBM4等下一代技术。\u003C\u002Fp>\u003Cp>SNDK、美光等美股存储龙头股价的强势表现，清晰地表明市场正在用更高的价格和盈利预期来消化这一波由AI驱动的、持续数年的超级存储周期。\u003C\u002Fp>\u003Cp>在AI基础设施投资浪潮尚未见顶之前，存储芯片巨头，尤其是拥有先进技术和定价权的公司，其增长潜力可能远未到“天花板”。\u003C\u002Fp>\u003Cp> \u003C\u002Fp>","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202511-stk\u002FUploadereombh0janlh_2025_11_10_18_55_35.jpeg","2025-11-11T02:51:23.9","2025.11.11","2025\u002F11\u002F11",48751,[22,23],"SNDK","MU","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":29,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":24,"videoId":6,"liveVideoUrl":6,"duration":25,"price":25,"priceText":26,"priceBadgeText":26,"priceBadgeClass":27,"freeForMinGroupLevel":25,"redirectUrl":6,"readyToStream":5},[22,23],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":32,"services":33,"recentDocuments":42},"\u003Cfigure 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":79,"search":80,"searchPlaceholder":80,"hotContent":81,"draft":82,"noData":83,"searchNoData":84,"edit":85,"editVideo":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]