<p>作者：Emily Bary 和 Britney Nguyen</p>
<p>去年的分拆为两家公司解锁了价值。乐观的行业动态也发挥了重要作用。</p>
<p>闪迪正式成为一家市值超过 2000 亿美元的公司。</p>
<p>当西部数据在去年二月剥离闪迪时，这两家公司的市值分别为 170 亿美元和 70 亿美元。</p>
<p>自那时以来，两家公司的市场价值都大幅上升，现在已经发生了领导层的更替。</p>
<p>闪迪（SNDK）在周二收盘时市值为 2082.6 亿美元，现已超过其前母公司西部数据（WDC），后者当天的市值为 1603.7 亿美元。</p>
<p>闪迪与一些著名的美国品牌并肩而立。它在周二首次突破了 2000 亿美元的市值门槛。根据道琼斯市场数据，其他市值在这个范围内的公司包括麦当劳（MCD）（2030 亿美元）、威瑞森通信（VZ）（1980 亿美元）和百事可乐（PEP）（2120 亿美元）。</p>
<p>去年的剥离旨在更好地释放闪迪制造的闪存存储组件和西部数据制造的硬盘驱动器的各自价值。闪迪的产品在一个更为波动的市场环境中发挥作用，但在作为一家多元化公司的部分时，可能没有获得应有的投资者认可。</p>
<p>最近，闪存和硬盘驱动器的市场环境都非常强劲——自公司分拆以来，闪迪的股价上涨了 2794%，西部数据的股价上涨了 849%。这两家公司以及像美光科技（MU）和希捷科技（STX）这样的参与者，能够显著提高价格，因为人工智能大幅提升了对其产品的需求。</p>
<p>另见：美光的股票飙升，因为新报告对空头案例泼冷水：'这次不同。'</p>
<p>预计供应短缺将持续，支持未来几个月甚至几年的高价位。</p>
<p>闪迪上周表示，它正在转向一种新的商业模式，即 “以坚定的财务承诺支持的多年客户合作”。这些预计将增加其盈利潜力并减少其波动性。该公司在上个季度获得了三项客户协议，并在当前的六月季度签署了另外两项协议，伴随其上次财报发布。</p>
<p>通过新的安排，闪迪和投资者对业务有了更多的可见性，杰富瑞分析师 Blayne Curtis 在周五的报告中表示。总体而言，三项来自三月季度的交易 “代表了最低价值” 420 亿美元，随着内存供应保持紧张，这一数字可能会 “显著” 增加。他补充说，这些协议是 “超大规模客户愿意以高价签署这些协议的强烈信号”。</p>
<p>伯恩斯坦分析师 Mark Newman 表示，这些承诺允许 “长期稳定”，因为较低的周期性将导致 “在更长的时间范围内具有吸引力的经济效益”，而不仅仅是一个季度。</p>
<p>阅读：光学是下一个大人工智能瓶颈。这家公司可能是一个被低估的受益者。</p>
<p>-Emily Bary -Britney Nguyen</p>
<p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻通讯</p>
<p>05-05-26 1657ET</p>

存储、芯片板块全线走高，超级周期继续！

闪迪

西部数据

标普半导体 ETF - SPDR

SOXQ

费城交易所 半导体 ETF - iShares

半导体 ETF - VanEck Vectors

半导体 3 倍做多 - Direxion

纳斯达克半导体 ETF - First Trust

<p>闪迪的市值已超过西部数据，目前市值超过 2080 亿美元，而西部数据为 1600 亿美元。去年的分拆显著提升了两家公司的市场价值，闪迪的股价上涨了 2794%，西部数据上涨了 849%。闪迪正在转向一种新的商业模式，专注于长期客户关系，分析师认为这将增强盈利潜力并降低波动性。最近的协议预计将提供至少 420 亿美元的价值，显示出市场的强劲需求</p>

<p>By Emily Bary and Britney Nguyen</p>
<div class="lb-trans"><p>作者：Emily Bary 和 Britney Nguyen</p>
</div><p>Last year's separation unlocked value for both companies. Upbeat industry dynamics played a big part as well.</p>
<div class="lb-trans"><p>去年的分拆为两家公司解锁了价值。乐观的行业动态也发挥了重要作用。</p>
</div><p>Sandisk is officially a $200 billion-plus company.</p>
<div class="lb-trans"><p>闪迪正式成为一家市值超过 2000 亿美元的公司。</p>
</div><p>When Western Digital spun off Sandisk last February, the companies had market capitalizations of $17 billion and $7 billion, respectively.</p>
<div class="lb-trans"><p>当西部数据在去年二月剥离闪迪时，这两家公司的市值分别为 170 亿美元和 70 亿美元。</p>
</div><p>Both companies have seen a dramatic increase in their market values since then - and now there's been a changing of the guard.</p>
<div class="lb-trans"><p>自那时以来，两家公司的市场价值都大幅上升，现在已经发生了领导层的更替。</p>
</div><p>Sandisk (SNDK), worth $208.26 billion at Tuesday's close, is now worth more than its former corporate parent Western Digital (WDC), which finished the day with a $160.37 billion market cap.</p>
<div class="lb-trans"><p>闪迪（SNDK）在周二收盘时市值为 2082.6 亿美元，现已超过其前母公司西部数据（WDC），后者当天的市值为 1603.7 亿美元。</p>
</div><p>Sandisk finds itself in the company of some storied American brands. It crossed the $200 billion market-cap threshold for the first time on Tuesday. Others with market values in that neighborhood include McDonald's (MCD) ($203 billion), Verizon Communications (VZ) ($198 billion) and PepsiCo (PEP) ($212 billion), according to Dow Jones Market Data.</p>
<div class="lb-trans"><p>闪迪与一些著名的美国品牌并肩而立。它在周二首次突破了 2000 亿美元的市值门槛。根据道琼斯市场数据，其他市值在这个范围内的公司包括麦当劳（MCD）（2030 亿美元）、威瑞森通信（VZ）（1980 亿美元）和百事可乐（PEP）（2120 亿美元）。</p>
</div><p>The spinoff last year was intended to better unlock the respective value of the flash-storage components that Sandisk made and the hard-disk drives that Western Digital made. Sandisk's products played into a more volatile market landscape, but were perhaps not getting the investor appreciation they deserved while part of a diversified company.</p>
<div class="lb-trans"><p>去年的剥离旨在更好地释放闪迪制造的闪存存储组件和西部数据制造的硬盘驱动器的各自价值。闪迪的产品在一个更为波动的市场环境中发挥作用，但在作为一家多元化公司的部分时，可能没有获得应有的投资者认可。</p>
</div><p>The market climates for both flash and HDDs have been incredibly strong lately - driving Sandisk shares 2794% higher and Western Digital shares up 849% since the time of the corporate separation. The two companies, alongside players like Micron Technology (MU) and Seagate Technology (STX), have been able to dramatically increase prices as artificial intelligence has dramatically boosted demand for their offerings.</p>
<div class="lb-trans"><p>最近，闪存和硬盘驱动器的市场环境都非常强劲——自公司分拆以来，闪迪的股价上涨了 2794%，西部数据的股价上涨了 849%。这两家公司以及像美光科技（MU）和希捷科技（STX）这样的参与者，能够显著提高价格，因为人工智能大幅提升了对其产品的需求。</p>
</div><p>See also: Micron's stock soars as new report throws cold water on the bear case: 'This time is different.'</p>
<div class="lb-trans"><p>另见：美光的股票飙升，因为新报告对空头案例泼冷水：'这次不同。'</p>
</div><p>Supply shortages are expected to persist, supporting further elevated pricing in the months and perhaps years to come.</p>
<div class="lb-trans"><p>预计供应短缺将持续，支持未来几个月甚至几年的高价位。</p>
</div><p>Sandisk said last week that it is shifting to a new business model of &#34;multiyear customer engagements backed by firm financial commitments.&#34; These are expected to increase its earnings potential and reduce its volatility. The company secured three customer agreements in the last quarter, and has signed two more in the current June quarter, it said alongside its last earnings report.</p>
<div class="lb-trans"><p>闪迪上周表示，它正在转向一种新的商业模式，即 “以坚定的财务承诺支持的多年客户合作”。这些预计将增加其盈利潜力并减少其波动性。该公司在上个季度获得了三项客户协议，并在当前的六月季度签署了另外两项协议，伴随其上次财报发布。</p>
</div><p>Through the new setup, Sandisk and investors have more visibility into the business, Jefferies analyst Blayne Curtis said in Friday note. Altogether, the three deals from the March quarter &#34;represent a minimum value&#34; of $42 billion, which could &#34;materially&#34; increase as memory supply remains tight. He added that the agreements are &#34;a strong signal that the hyperscalers are willing to sign these agreements&#34; at high prices.</p>
<div class="lb-trans"><p>通过新的安排，闪迪和投资者对业务有了更多的可见性，杰富瑞分析师 Blayne Curtis 在周五的报告中表示。总体而言，三项来自三月季度的交易 “代表了最低价值” 420 亿美元，随着内存供应保持紧张，这一数字可能会 “显著” 增加。他补充说，这些协议是 “超大规模客户愿意以高价签署这些协议的强烈信号”。</p>
</div><p>Bernstein analyst Mark Newman said that the commitments allow for &#34;long-term stability,&#34; as lower cyclicality will lead to &#34;attractive economics over a longer horizon&#34; rather than just for one quarter.</p>
<div class="lb-trans"><p>伯恩斯坦分析师 Mark Newman 表示，这些承诺允许 “长期稳定”，因为较低的周期性将导致 “在更长的时间范围内具有吸引力的经济效益”，而不仅仅是一个季度。</p>
</div><p>Read: Optics is the next big AI bottleneck. This company could be an underrated beneficiary.</p>
<div class="lb-trans"><p>阅读：光学是下一个大人工智能瓶颈。这家公司可能是一个被低估的受益者。</p>
</div><p>-Emily Bary -Britney Nguyen</p>
<div class="lb-trans"><p>-Emily Bary -Britney Nguyen</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻通讯</p>
</div><p>05-05-26 1657ET</p>
<div class="lb-trans"><p>05-05-26 1657ET</p>
</div>

The latest sign of Sandisk's ascent: It's now bigger than Western Digital, which spun it off

Dow Jones

Invesco PHLX Semiconductor ETF

麦当劳

威瑞森

百事

美光科技

希捷科技

Jefferies Financial

AllianceBernstein

Sandisk - WI

Western Digital - WI

闪迪崛起的最新迹象：它现在的规模已经超过了将其分拆出去的西部数据