--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000808741.md" description: "๐Ÿ“Š ๐ˆ๐๐•๐„๐’๐“๐Ž๐‘ ๐๐Ž๐“๐„: BofA Says Chinese AI Models Reinforce Bullish Memory Demand Outlook - $Micron Tech(MU.US) $SK Hynix(SKHY.US) $Sandisk(SNDK.US) $Seagate Tech(STX.US) $Western Digital(WDC.US) ๐Ÿ‘‰ ๐—ž๐—ฒ๐˜† ๐—›๐—ถ๐—ด๐—ต๐—น๐—ถ๐—ด๐—ต๐˜๐˜€:โžค ๐—•๐—ฎ๐—ป๐—ธ ๐—ผ๐—ณ ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ reiterates ๐—•๐˜‚๐˜† on ๐— ๐—ถ๐—ฐ๐—ฟ๐—ผ๐—ป.โžค BofA maintains a $๐Ÿญ,๐Ÿฑ๐Ÿฑ๐Ÿฌ price target on Micron.โžค Chinese open-source AI models reinforce long-term ๐—”๐—œ ๐—บ๐—ฒ๐—บ๐—ผ๐—ฟ๐˜† demand.โžค Kimi K3 API pricing is reportedly ๐Ÿฑโ€“๐Ÿฏ๐Ÿฑ๐Ÿฌ๐˜… lower than Western models.โžค BofA says lower pricing reflects ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—บ๐—ผ๐—ฑ๐—ฒ๐—น choices, not hardware costs.โžค Kimi K3 requires approximately ๐Ÿญ.๐Ÿฐ ๐—ง๐—• of HBM per serving instance.โžค BofA says larger AI models require the same or more ๐—บ๐—ฒ๐—บ๐—ผ๐—ฟ๐˜†.โžค BofA sees ๐—–๐—ซ๐— ๐—ง focused on commodity DRAM, not advanced HBM.โžค Micron's CHIPS Act restrictions may expire around ๐——๐—ฒ๐—ฐ๐—ฒ๐—บ๐—ฏ๐—ฒ๐—ฟ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ.โžค Expiration could enable $๐Ÿฑ๐Ÿฌโ€“$๐Ÿฒ๐Ÿฌ ๐—ฏ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป in annual share repurchases.๐Ÿ‘‰ ๐—˜๐˜…๐—ฝ๐—ฒ๐—ฟ๐˜ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐—บ๐—ฒ๐—ป๐˜:๐—ฉ๐—ถ๐˜ƒ๐—ฒ๐—ธ ๐—”๐—ฟ๐˜†๐—ฎ, Analyst at Bank of America:"reflect[s] business-model choices, not necessarily reflective of hardware costs.""require the same or more memory as their model weights and active parameters increase.""'Open' refers to weight distribution, not deployment cost."" datetime: "2026-07-21T17:01:53.000Z" locales: - [en](https://longbridge.com/en/topics/100000000808741.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000808741.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000808741.md) author: "[Hardik Shah](https://longbridge.com/en/profiles/27423834.md)" generator: "portal-rs" --- # ๐Ÿ“Š ๐ˆ๐๐•๐„๐’๐“๐Ž๐‘ ๐๐Ž๐“๐„: BofA Says Chinese AI Models Reinfโ€ฆ ### Related Stocks - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [STX.US](https://longbridge.com/en/quote/STX.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [WDC.US](https://longbridge.com/en/quote/WDC.US.md) - [688825.CN](https://longbridge.com/en/quote/688825.CN.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [WDCVV.US](https://longbridge.com/en/quote/WDCVV.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**