<p><strong>美光科技</strong>（MU 5.68%）的股价今年迄今已上涨 240%。这使其成为 <strong>标准普尔 500 指数</strong>（^GSPC +0.00%）中表现第二好的股票，第一名是竞争对手内存芯片制造商 <strong>闪迪</strong>，其股价在 2026 年上涨超过 600%。</p>
<p>美光的股东最近收到了好消息。几位华尔街分析师在公司最新财报发布后上调了他们的未来收益预期。此外，<strong>英伟达</strong>（NVDA 1.39%）首席执行官黄仁勋表示，内存芯片的需求将在未来几年内继续超过供应。</p>
<p>投资者需要了解以下内容。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Nzc0NzcvbXUucG5nJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="800" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Nzc0NzcvbXUucG5nJnc9Mzg0MA"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>美光的客户正在签署前所未有的多年协议</h2>
<p>美光开发和制造基于 NAND 闪存和动态随机存取内存（DRAM）芯片的存储解决方案。这两种类型的内存对于 人工智能（AI）工作负载至关重要。NAND 和 DRAM 分别作为长期存储和工作内存。而高带宽内存（HBM）是一种特定类型的 DRAM，以非常高的速度向 图形处理单元 提供数据。</p>
<p>美光在任何细分市场都不是市场领导者。实际上，根据 Counterpoint Research，该公司在 NAND 市场与闪迪并列第四，在 DRAM 市场排名第三，并与 <strong>SK 海力士</strong> 并列 HBM 市场第二。但美光仍然从 AI 基础设施建设造成的前所未有的内存芯片供应短缺中受益匪浅。</p>
<p>在 2026 财年第三季度（截至 5 月），由于云计算和数据中心领域的销售增长特别强劲，整体收入增长了 345%，达到了 414 亿美元，因为 NAND 和 DRAM 的价格较去年翻了一番。在底线方面，非 GAAP（调整后）净收入增长超过 1200%，达到了每股稀释后 25.11 美元。</p>
<p>最好的消息来自首席执行官 Sanjay Mehrotra。他表示，美光现在已与客户签署了 16 份多年协议，其中包括 “对特定数量芯片的绑定购买承诺”。这样的交易在内存芯片行业是前所未有的，历史上该行业的合同通常以天为单位，这使得美光对未来现金流有了更大的可见性。</p>
<p>Mehrotra 还告诉分析师，物理 AI 产品——自动驾驶汽车和机器人——将在未来几十年内保持内存芯片的高需求。他表示：“我们预计在本十年后期将开始一个持续的、巨大的多年代内存需求周期。”</p>
<h2>多位华尔街分析师大幅上调 2027 财年的收益预期</h2>
<p>内存芯片的销售历史上一直具有高度周期性。该行业在供应不足（和价格上涨）与供应过剩（和降价）之间波动。但美光的多年合同包括底价，这应该会在未来缓和（甚至消除）这种周期性。</p>
<p>因此，许多华尔街分析师大幅上调了他们的未来收益预期。共识现在认为，2027 财年的每股收益将达到 155 美元（截至 8 月），高于之前的 98 美元的预期。新的预测意味着未来五个季度的年均收益将增长 168%。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01VLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="美光科技股票报价" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01VLnBuZyZ3PTEyOA"/></p>
<h2>NASDAQ: MU</h2>
<p>美光科技</p>
<p>今日变动</p>
<p>(-5.68%) $-58.69</p>
<p>当前价格</p>
<p>$973.59</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$1.1 万亿</p>
<p>日内区间</p>
<p>$950.30 - $1064.56</p>
<p>52 周区间</p>
<p>$103.38 - $1255.00</p>
<p>成交量</p>
<p>1.7M</p>
<p>平均成交量</p>
<p>51.3M</p>
<p>毛利率</p>
<p>72.60%</p>
<p>股息收益率</p>
<p>0.05%</p>
<h2>英伟达首席执行官黄仁勋表示内存芯片供应短缺将持续数年</h2>
<p>在 1 月份的科技展会 CES 上，英伟达首席执行官黄仁勋 解释说，内存正迅速成为 AI 推理工作负载 中最关键的瓶颈。越来越多的人与 AI 应用进行互动，而且他们的互动时间越来越长，基础模型也越来越大。AI 系统需要更多内存来支持这些变化。</p>
<p>自黄仁勋发表这些观察以来已经过去六个月，情况并没有改善。他在 6 月对韩国记者表示：“整个行业供应链，从晶圆到封装再到硅光子学，所有东西都短缺，因为需求太高。这种情况将持续数年。”</p>
<p>这对美光（和其他内存芯片制造商）来说是个好消息。虽然这并不意味着行业已经逃脱周期性，但它确实表明在可预见的未来对内存的强劲需求。因此，可以合理地认为美光将在未来几个季度继续交出强劲的财务业绩。</p>

美光科技

英伟达

1.5 倍做空英伟达 ETF - Tradr

<p>美光科技的股票今年迄今已上涨 240%，这得益于强劲的人工智能需求。该公司签署了前所未有的多年合同，并附带有约束力的采购承诺，从而减少了历史上的周期性波动。华尔街分析师将 2027 财年的每股收益预期上调至 155 美元。英伟达首席执行官黄仁勋确认，由于对人工智能基础设施的高需求，内存芯片的供应短缺将持续数年，这支持了美光的长期增长前景</p>

<p>Shares of <strong>Micron Technology</strong>( MU 5.68%) have advanced 240% year to date. That makes it the second-best-performing stock in the <strong>S&amp;P 500</strong>( ^GSPC +0.00%), the first being rival memory-chip maker <strong>Sandisk</strong>, which has added more than 600% in 2026.</p>
<div class="lb-trans"><p><strong>美光科技</strong>（MU 5.68%）的股价今年迄今已上涨 240%。这使其成为 <strong>标准普尔 500 指数</strong>（^GSPC +0.00%）中表现第二好的股票，第一名是竞争对手内存芯片制造商 <strong>闪迪</strong>，其股价在 2026 年上涨超过 600%。</p>
</div><p>Micron shareholders recently got some good news. Several Wall Street analysts raised their forward earnings estimates after the company's latest financial report. Additionally, <strong>Nvidia</strong>( NVDA 1.39%) CEO Jensen Huang says demand for memory chips will continue to outpace supply for several years.</p>
<div class="lb-trans"><p>美光的股东最近收到了好消息。几位华尔街分析师在公司最新财报发布后上调了他们的未来收益预期。此外，<strong>英伟达</strong>（NVDA 1.39%）首席执行官黄仁勋表示，内存芯片的需求将在未来几年内继续超过供应。</p>
</div><p>Here's what investors should know.</p>
<div class="lb-trans"><p>投资者需要了解以下内容。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Nzc0NzcvbXUucG5nJnc9Mzg0MA" alt="The Micron logo on a dark blue field." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F877477%2Fmu.png&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>Micron's customers are signing unprecedented multiyear deals</h2>
<div class="lb-trans"><h2>美光的客户正在签署前所未有的多年协议</h2>
</div><p>Micron develops and manufacturers memory and storage solutions based on NAND flash and dynamic random-access memory (DRAM) chips. Both types of memory are critical to artificial intelligence (AI) workloads. NAND and DRAM serve as long-term storage and working memory, respectively. And high-bandwidth memory (HBM) is a specific type of DRAM that feeds data to graphics processing units at very high speeds.</p>
<div class="lb-trans"><p>美光开发和制造基于 NAND 闪存和动态随机存取内存（DRAM）芯片的存储解决方案。这两种类型的内存对于 人工智能（AI）工作负载至关重要。NAND 和 DRAM 分别作为长期存储和工作内存。而高带宽内存（HBM）是一种特定类型的 DRAM，以非常高的速度向 图形处理单元 提供数据。</p>
</div><p>Micron is not the market leader in any segment. In fact, the company is actually tied with Sandisk for fourth place in NAND, it ranks third in DRAM, and it's tied with <strong>SK Hynix</strong> for second place in HBM, according to Counterpoint Research. But Micron has still benefited greatly from the unprecedented memory-chip supply shortage created by the AI infrastructure build-out.</p>
<div class="lb-trans"><p>美光在任何细分市场都不是市场领导者。实际上，根据 Counterpoint Research，该公司在 NAND 市场与闪迪并列第四，在 DRAM 市场排名第三，并与 <strong>SK 海力士</strong> 并列 HBM 市场第二。但美光仍然从 AI 基础设施建设造成的前所未有的内存芯片供应短缺中受益匪浅。</p>
</div><p>In the third quarter of fiscal 2026 (ended in May), total revenue rose 345% to $41.4 billion due to particularly strong sales growth in the cloud and data center segments, as NAND and DRAM prices more than doubled versus the previous year. On the bottom line, non-GAAP (adjusted) net income increased more than 1,200% to $25.11 per diluted share.</p>
<div class="lb-trans"><p>在 2026 财年第三季度（截至 5 月），由于云计算和数据中心领域的销售增长特别强劲，整体收入增长了 345%，达到了 414 亿美元，因为 NAND 和 DRAM 的价格较去年翻了一番。在底线方面，非 GAAP（调整后）净收入增长超过 1200%，达到了每股稀释后 25.11 美元。</p>
</div><p>The best news came from CEO Sanjay Mehrotra. He said Micron has now signed 16 multiyear agreements with customers that include &#34;binding commitments to purchase specific volumes&#34; of chips. Such deals are unprecedented in the memory-chip industry, which has historically run on contracts measured in days, and they afford Micron greater visibility into future cash flows.</p>
<div class="lb-trans"><p>最好的消息来自首席执行官 Sanjay Mehrotra。他表示，美光现在已与客户签署了 16 份多年协议，其中包括 “对特定数量芯片的绑定购买承诺”。这样的交易在内存芯片行业是前所未有的，历史上该行业的合同通常以天为单位，这使得美光对未来现金流有了更大的可见性。</p>
</div><p>Mehrotra also told analysts that physical AI products -- autonomous cars and robots -- would keep memory-chip demand elevated for decades to come. &#34;We expect a sustained, substantial multidecade memory demand cycle to begin in the latter part of this decade.&#34;</p>
<div class="lb-trans"><p>Mehrotra 还告诉分析师，物理 AI 产品——自动驾驶汽车和机器人——将在未来几十年内保持内存芯片的高需求。他表示：“我们预计在本十年后期将开始一个持续的、巨大的多年代内存需求周期。”</p>
</div><h2>Several Wall Street analysts dramatically raised earnings estimates for fiscal 2027</h2>
<div class="lb-trans"><h2>多位华尔街分析师大幅上调 2027 财年的收益预期</h2>
</div><p>Memory-chip sales have historically been highly cyclical. The industry has oscillated between periods of too little supply (and price hikes) and periods of too much supply (and price cuts). But Micron's multiyear contracts include floor prices that should moderate (or even eliminate) that cyclicality in the future.</p>
<div class="lb-trans"><p>内存芯片的销售历史上一直具有高度周期性。该行业在供应不足（和价格上涨）与供应过剩（和降价）之间波动。但美光的多年合同包括底价，这应该会在未来缓和（甚至消除）这种周期性。</p>
</div><p>Consequently, many Wall Street analysts have dramatically raised their forward earnings estimates. The consensus now says earnings will hit $155 per share in fiscal 2027 (ends in August), up from the prior estimate of $98 per share. The new forecast implies earnings will increase 168% annually over the next five quarters.</p>
<div class="lb-trans"><p>因此，许多华尔街分析师大幅上调了他们的未来收益预期。共识现在认为，2027 财年的每股收益将达到 155 美元（截至 8 月），高于之前的 98 美元的预期。新的预测意味着未来五个季度的年均收益将增长 168%。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01VLnBuZyZ3PTEyOA" alt="Micron Technology Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FMU.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: MU</h2>
<div class="lb-trans"><h2>NASDAQ: MU</h2>
</div><p>Micron Technology</p>
<div class="lb-trans"><p>美光科技</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-5.68%) $-58.69</p>
<div class="lb-trans"><p>(-5.68%) $-58.69</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$973.59</p>
<div class="lb-trans"><p>$973.59</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$1.1T</p>
<div class="lb-trans"><p>$1.1 万亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$950.30 - $1064.56</p>
<div class="lb-trans"><p>$950.30 - $1064.56</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$103.38 - $1255.00</p>
<div class="lb-trans"><p>$103.38 - $1255.00</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>1.7M</p>
<div class="lb-trans"><p>1.7M</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>51.3M</p>
<div class="lb-trans"><p>51.3M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>72.60%</p>
<div class="lb-trans"><p>72.60%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.05%</p>
<div class="lb-trans"><p>0.05%</p>
</div><h2>Nvidia CEO Jensen Huang says the memory-chip supply shortage will last for several years</h2>
<div class="lb-trans"><h2>英伟达首席执行官黄仁勋表示内存芯片供应短缺将持续数年</h2>
</div><p>At the tech event CES in January, Nvidia CEO Jensen Huang explained that memory was quickly becoming the most critical bottleneck in AI inference workloads. Not only are more people interacting with AI applications, but their interactions are getting longer, and the underlying models are getting larger. AI systems need more memory to support those changes.</p>
<div class="lb-trans"><p>在 1 月份的科技展会 CES 上，英伟达首席执行官黄仁勋 解释说，内存正迅速成为 AI 推理工作负载 中最关键的瓶颈。越来越多的人与 AI 应用进行互动，而且他们的互动时间越来越长，基础模型也越来越大。AI 系统需要更多内存来支持这些变化。</p>
</div><p>Six months have passed since Huang made those observations, and the situation has not improved. &#34;The whole industry supply chain, everything from wafers to packaging to silicon photonics, everything is in short supply because the demand is so high. It is going to persist for several years,&#34; Huang told reporters in South Korea in June.</p>
<div class="lb-trans"><p>自黄仁勋发表这些观察以来已经过去六个月，情况并没有改善。他在 6 月对韩国记者表示：“整个行业供应链，从晶圆到封装再到硅光子学，所有东西都短缺，因为需求太高。这种情况将持续数年。”</p>
</div><p>That's good news for Micron (and other memory-chip makers). While it does not mean the industry has escaped cyclicality, it does point to strong demand for the foreseeable future. So it's reasonable to think Micron will continue to deliver strong financial results for many quarters to come.</p>
<div class="lb-trans"><p>这对美光（和其他内存芯片制造商）来说是个好消息。虽然这并不意味着行业已经逃脱周期性，但它确实表明在可预见的未来对内存的强劲需求。因此，可以合理地认为美光将在未来几个季度继续交出强劲的财务业绩。</p>
</div>

Micron Stock Investors Just Got Good News From Wall Street and Nvidia CEO Jensen Huang

- Micron Technology 股价今年上涨 240%，成为 S&P 500 中表现第二好的股票。  
- 公司签署了 16 个多年的客户协议，确保未来现金流可见性。  
- 分析师预计 2027 财年每股收益将达到 155 美元，增长 168%。

Motley Fool

南方两倍做空英伟达

1 倍做空 MU ETF - Direxion

2 倍做多 MU ETF - GraniteShares

2 倍做多美光科技 ETF - Direxion

南方两倍做多英伟达

1 倍做空英伟达 ETF - Direxion

2 倍做空 NVDA ETF - T-Rex

ProShares Ultra NVDA

GraniteShares YieldBOOST NVDA ETF

2 倍做多 NVDA ETF - T-Rex

2 倍做多英伟达 ETF - Direxion

GraniteShares YieldBOOST MU ETF

Defiance Daily Target 2X Short MU ETF

英伟达期权收益策略 ETF - YieldMax

2 倍做多英伟达 ETF - Leverage Shares

2 倍做多英伟达 ETF - GraniteShares

Leverage Shares 2x Cpd Acclrtd NVDAMnETF

NVDA 周配息 ETF - Roundhill

2 倍做空 NVDA ETF - GraniteShares

xETFs NVDA Daily Income ETF

NVDA 期权收益策略 ETF - YieldMax

XI二南英伟-U

2 倍做多 MAG7 指数 ETF - Roundhill

半导体 ETF - VanEck Vectors

费城交易所 半导体 ETF - iShares

半导体 3 倍做多 - Direxion

Invesco PHLX Semiconductor ETF

标普半导体 ETF - SPDR

动态半导体 ETF - Invesco

纳斯达克半导体 ETF - First Trust

标普 500 指数

闪迪

NVIDIA Corporation

美光科技的股票投资者刚刚从华尔街和英伟达首席执行官黄仁勋那里获得了好消息