[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio89f3d685":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"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":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio89f3d685","瑞穗神预言、高盛大摩急跟投！戴尔(DELL)引爆代理式AI硬件“绝对供不应求”时代","\u002Fdoc\u002Fdcio89f3d685","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网注意到，瑞穗证券上调了五家科技公司的目标价，其中包括美光科技(MU)、闪迪(SNDK)和戴尔科技(DELL)。该行认为，这批企业将受益于代理式人工智能(Agentic AI)的发展浪潮。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">此次获得目标价上调的还包括 Arm (ARM)和安森美半导体(ON)。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">瑞穗预计，截至2027年，动态随机存取存储器(DRAM)的需求将保持“强劲”，其中英伟达(NVDA)的Vera Rubin平台所搭载的LPDDR5内存容量将是Grace平台的三倍。此外，代理式AI将带动DRAM需求额外增长9%至13%，同比增幅最高可达30%(甚至更多)。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">该行还预计，在内容和价格利好的推动下，高带宽内存(HBM)的可寻址总市场规模将在2025年至2028年间增长90%。瑞穗分析师在致客户的报告中写道，NAND闪存的需求也未显颓势，“企业级固态硬盘(eSSD)\u002F键值缓存(KV Cache)需求强劲，且2027年预期趋紧，高带宽闪存(HBF)也可能在此期间进入市场。”\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">瑞穗证券重申了对上述五只股票的全部\"跑赢大盘\"评级，并上调了目标价美光从800美元上调至1,150美元，闪迪从1,625美元上调至1825美元，戴尔从300美元上调至350美元，Arm从290美元上调至360美元，安森美半导体从130美元上调至150美元。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">戴尔炸裂成绩单引爆市场\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">戴尔最新公布的2027财年第一财季业绩，以近乎\"炸裂\"的表现验证了瑞穗证券的前瞻判断。在AI服务器订单激增的推动下，戴尔不仅营收与每股收益双双超出市场预期，更给出了强劲的业绩指引，直接印证了瑞穗此前将目标价从300美元大幅上调至350美元的逻辑。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">并且戴尔股价在周四盘后交易中一度飙升近40%，突破440美元高位创历史新高，更是大幅超越瑞穗的目标价。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">这一亮眼成绩瞬间点燃了整个科技板块。华尔街多位顶级分析师在戴尔绩后紧急发布报告，集体修正对AI硬件链的估值。摩根士丹利分析师指出，戴尔的狂飙只是冰山一角，由Agentic AI驱动的底层升级才刚刚开始。随着AI智能体对多模态实时处理和本地存储需求的指数级爆发，高带宽内存(HBM)和液冷服务器已进入“绝对供不应求”的黄金时代。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">与此同时，高盛外汇与技术硬件策略师也加入了这场看多大合唱。高盛最新观点认为，戴尔的业绩直接夯实了美光、闪迪等存储巨头的盈利确定性。AI智能体需要更低的延迟与更大的“键值缓存(KV Cache)”，这正倒逼企业级固态硬盘(eSSD)和新型DRAM进入长达数年的超级供需红利期。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">正如瑞穗所预测，英伟达新架构的落地与智能体AI的普及，正为全产业链注入高达30%以上的同比增量需求。戴尔的这份成绩单，不仅是其自身转型的胜利，更是吹响了华尔街全面做多服务器、存储及半导体IP(如Arm)等AI全栈基础设施的冲锋号。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">从瑞穗到全市场的共识AI基础设施进入超级周期\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如今戴尔财报显示，其AI客户数量已突破5000家，过去六个月增长超50%，涵盖新云服务商、主权AI项目及大型企业。AI推理工作负载甚至带动了传统计算服务器的增量需求，形成\"AI+传统\"双轮驱动格局。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">当前市场共识认为，戴尔正处于AI基础设施超级周期的核心位置。虽然部分分析师担忧估值过高(摩根士丹利认为当前股价已充分反映增长预期)，但多数观点认为，在513亿美元积压订单和持续扩张的管线需求支撑下，戴尔的增长具备可见的持续性。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">随着英伟达Vera Rubin架构的推出，以及高带宽存储(HBM)市场预计在2025至2028年间以90%的复合增速扩张，戴尔作为AI工厂的核心集成商，其业绩爆发或许只是开始。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，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模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 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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 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" target=\"_blank\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 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，每天处理海量股票数据：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，美股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":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"edit":87,"editVideo":88,"courseContent":89,"more":90,"buyNow":91,"subscribeNow":92,"encoding":93,"paidContent":94},"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"]