---
title: "存储行业的结构性变化：HBM / DRAM / NAND 的新周期逻辑"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42232222.md"
description: "原文作者：@fi56622380（X / Twitter）读完原作者 @fi56622380 的文章后，认为其中对于 AI 推理、HBM、DRAM 与 NAND 供需关系的分析很有深度，特此作学习总结与整理。本文仅为对原文的学习笔记与观点摘要，不代表原创研究；文中的核心论证框架、观点与数据推演均归原作者所有，整理者仅对内容结构与表述进行了归纳。过去..."
datetime: "2026-06-26T08:22:04.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42232222.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42232222.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42232222.md)
author: "[每天都吃肉](https://longbridge.com/en/profiles/7641921.md)"
---

# 存储行业的结构性变化：HBM / DRAM / NAND 的新周期逻辑

**Original author: @fi56622380 (X / Twitter)**  
**This article is only a study, summary, and abstract of the original text and does not represent original research; the views and data derivations in the article mainly come from the original author and are not investment advice.**

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## Comments (2)

- **半山外賣仔 · 2026-06-26T11:07:07.000Z · 👍 1**: Well written, repost, buddy
- **昆仑山岩石 · 2026-06-26T09:49:01.000Z · 👍 8**: @每天都吃肉 I've read your article and fully agree with your point of view. It's very well written and comprehensive!Borrowing your article to express my opinion: There's been a lot of buzz about those short speculative articles these past couple of days.1. After Micron's earnings report