<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/20251211_1933_AI-Driven-Stock-Surge_simple_compose_01kc6vdj7rfc6an3pepf8a2e4t.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/20251211_1933_AI-Driven-Stock-Surge_simple_compose_01kc6vdj7rfc6an3pepf8a2e4t.png"/></p>
<p>美光科技的股票持續快速上漲，本週創下歷史新高，華爾街分析師在公司財年第一季度財報發佈前提高了預期，財報將於 12 月 17 日公佈。</p>
<p>這家內存芯片製造商已成為人工智能硬件需求激增的突出受益者，自年初以來，其股價已上漲超過三倍。</p>
<p>美光週三收盤價接近 264 美元，盤中上漲超過 4%，鞏固了其在 2025 年納斯達克 100 指數中表現最佳股票的地位。</p>
<p>分析師將此次上漲歸因於內存市場價格的急劇上漲，以及美光在全球人工智能相關投資加速時的良好定位。</p>
<h2>分析師指出人工智能勢頭和緊張供應</h2>
<p>花旗分析師本週將美光的目標價從 275 美元上調至 300 美元，幾乎是 9 月初目標的兩倍。</p>
<p>他們指出，人工智能公司正在儘可能快地購買內存芯片，造成短缺，並出現他們所描述的 “前所未有的價格上漲”。</p>
<p>他們表示，這些情況可能會推動對內存製造的大規模資本注入，惠及美光以及專注於高性能 DRAM 和 NAND 的競爭對手。</p>
<p>美光是英偉達和超微半導體的關鍵供應商，處於這一供應鏈擴展的核心。</p>
<p>德意志銀行的分析師也表達了樂觀的態度，將目標價從 200 美元上調至 280 美元，並稱美光 “在不斷變化的內存市場動態中處於有利位置”。</p>
<p>他們還強調了公司在優先考慮盈利能力而非市場份額方面的能力，稱該股票在當前環境中 “特別有吸引力”。</p>
<p>上個月，摩根士丹利將目標價從 220 美元上調至 325 美元，並將美光升級為 “首選”，指出內存組件價格的急劇上漲可能會推動銷售和利潤在明年持續增長。</p>
<h2>滙豐銀行認為 “還有進一步增長的空間”</h2>
<p>本週，樂觀情緒進一步擴大，滙豐銀行對美光啓動了覆蓋，給予買入評級和 330 美元的目標價。</p>
<p>分析師 Ricky Seo 表示，關於新競爭者和大型行業項目（如星際門計劃）帶來的財務壓力的擔憂被誇大了。</p>
<p>他認為，儘管美光今年表現出色，但仍然 “有很多進一步增長的空間”。</p>
<p>滙豐預計美光將在企業 SSD 市場顯著增加市場份額，預計從 2025 年第二季度的 15% 上升到 2027 財年的 25% 至 30%。</p>
<p>該銀行還預測，從 2025 年到 2027 年，營業利潤將以 125% 的年增長率增長，預計大幅高於華爾街共識。</p>
<h2>瑞銀強調 2027 年前的緊張供應</h2>
<p>瑞銀在週三加入了樂觀預測的行列，重申其買入評級，並將 12 個月目標價從 275 美元上調至 295 美元。</p>
<p>分析師 Timothy Arcuri 指出，DRAM 和 NAND 市場存在 “顯著的供不應求”，他預計這一趨勢將持續到至少 2026 年底的 NAND 和 2027 年初的 DRAM。</p>
<p>Arcuri 寫道，強於預期的價格應繼續推動盈利預期上升，預計 2027 年每股收益約為 38 美元。</p>
<p>他維持了第一季度收入 132 億美元和每股收益 4.27 美元的預測，並指出這些數字仍高於公司的指導。</p>
<p>儘管美光的勢頭依然強勁，但一些分析師持謹慎態度，股票交易價格遠高於 11 位跟蹤分析師的平均目標價約 237 美元。</p>
<p>儘管如此，廣泛的共識仍然偏向樂觀：LSEG 數據顯示，在即將到來的財報發佈前，46 位分析師中有 40 位對美光股票給予買入或強烈買入評級。</p>
<p>文章《為什麼分析師認為美光的上漲還有更多潛力？》首發於 Invezz</p>

美光科技

<p>美光科技的股票已達到歷史新高，主要受到對人工智能硬件需求激增的推動。分析師們提高了價格目標，指出內存市場供應緊張和價格上漲。花旗、德意志銀行、摩根士丹利、滙豐銀行和瑞銀均表達了看漲的情緒，價格目標範圍在 280 美元到 330 美元之間。儘管由於交易價格較高而存在一些謹慎態度，但總體共識仍然積極，大多數分析師在美光發佈財報前將其評級為買入或強力買入</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/20251211_1933_AI-Driven-Stock-Surge_simple_compose_01kc6vdj7rfc6an3pepf8a2e4t.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/20251211_1933_AI-Driven-Stock-Surge_simple_compose_01kc6vdj7rfc6an3pepf8a2e4t.png"/></p>
<p>Micron Technology’s stock continues its rapid ascent, hitting fresh all-time highs this week as Wall Street analysts raise their expectations ahead of the company’s fiscal first-quarter earnings report on December 17.</p>
<div class="lb-trans"><p>美光科技的股票持續快速上漲，本週創下歷史新高，華爾街分析師在公司財年第一季度財報發佈前提高了預期，財報將於 12 月 17 日公佈。</p>
</div><p>The memory chip maker has become one of the standout beneficiaries of surging demand for artificial intelligence hardware, driving its shares to more than triple in value since the start of the year.</p>
<div class="lb-trans"><p>這家內存芯片製造商已成為人工智能硬件需求激增的突出受益者，自年初以來，其股價已上漲超過三倍。</p>
</div><p>Micron closed just under $264 on Wednesday, rising more than 4% during the session and cementing its status as the top-performing stock in the Nasdaq 100 in 2025.</p>
<div class="lb-trans"><p>美光週三收盤價接近 264 美元，盤中上漲超過 4%，鞏固了其在 2025 年納斯達克 100 指數中表現最佳股票的地位。</p>
</div><p>Analysts attribute the rally to a sharp increase in pricing across the memory market and expectations that Micron is well-positioned to capitalize as AI-related investment accelerates worldwide.</p>
<div class="lb-trans"><p>分析師將此次上漲歸因於內存市場價格的急劇上漲，以及美光在全球人工智能相關投資加速時的良好定位。</p>
</div><h2>Analysts cite AI momentum and tight supply</h2>
<div class="lb-trans"><h2>分析師指出人工智能勢頭和緊張供應</h2>
</div><p>Citi analysts this week raised their price target on Micron to $300 from $275, doubling their target from early September.</p>
<div class="lb-trans"><p>花旗分析師本週將美光的目標價從 275 美元上調至 300 美元，幾乎是 9 月初目標的兩倍。</p>
</div><p>They noted that AI companies are buying memory chips as quickly as they can be produced, creating shortages and what they described as “unprecedented increases” in pricing.</p>
<div class="lb-trans"><p>他們指出，人工智能公司正在儘可能快地購買內存芯片，造成短缺，並出現他們所描述的 “前所未有的價格上漲”。</p>
</div><p>These conditions, they said, may drive “large capital infusions” into memory manufacturing, benefiting Micron as well as rivals focused on high-performance DRAM and NAND.</p>
<div class="lb-trans"><p>他們表示，這些情況可能會推動對內存製造的大規模資本注入，惠及美光以及專注於高性能 DRAM 和 NAND 的競爭對手。</p>
</div><p>Micron, a key supplier to Nvidia and Advanced Micro Devices, sits at the heart of this supply chain expansion.</p>
<div class="lb-trans"><p>美光是英偉達和超微半導體的關鍵供應商，處於這一供應鏈擴展的核心。</p>
</div><p>Analysts at Deutsche Bank echoed the bullish tone, lifting their target to $280 from $200 and calling Micron “well poised to benefit” from evolving memory-market dynamics.</p>
<div class="lb-trans"><p>德意志銀行的分析師也表達了樂觀的態度，將目標價從 200 美元上調至 280 美元，並稱美光 “在不斷變化的內存市場動態中處於有利位置”。</p>
</div><p>They also highlighted the company’s ability to prioritize profitability over market share, describing the stock as “particularly attractive” in the current environment.</p>
<div class="lb-trans"><p>他們還強調了公司在優先考慮盈利能力而非市場份額方面的能力，稱該股票在當前環境中 “特別有吸引力”。</p>
</div><p>Last month, Morgan Stanley increased its target to $325 from $220 and upgraded Micron to a “top pick,” citing a dramatic increase in pricing for memory components that could boost sales and profits well into next year.</p>
<div class="lb-trans"><p>上個月，摩根士丹利將目標價從 220 美元上調至 325 美元，並將美光升級為 “首選”，指出內存組件價格的急劇上漲可能會推動銷售和利潤在明年持續增長。</p>
</div><h2>HSBC sees ‘room for further growth’</h2>
<div class="lb-trans"><h2>滙豐銀行認為 “還有進一步增長的空間”</h2>
</div><p>The bullish sentiment broadened this week as HSBC initiated coverage of Micron with a Buy rating and a $330 price target.</p>
<div class="lb-trans"><p>本週，樂觀情緒進一步擴大，滙豐銀行對美光啓動了覆蓋，給予買入評級和 330 美元的目標價。</p>
</div><p>Analyst Ricky Seo said concerns about financial pressures from new competitors and large-scale industry projects, such as the Stargate initiative, are overstated.</p>
<div class="lb-trans"><p>分析師 Ricky Seo 表示，關於新競爭者和大型行業項目（如星際門計劃）帶來的財務壓力的擔憂被誇大了。</p>
</div><p>He argued that despite Micron’s substantial outperformance this year, there is still “plenty of room for further growth.”</p>
<div class="lb-trans"><p>他認為，儘管美光今年表現出色，但仍然 “有很多進一步增長的空間”。</p>
</div><p>HSBC expects Micron to significantly increase its share of the enterprise SSD market, projecting a rise from 15% in the second quarter of 2025 to 25–30% by fiscal 2027.</p>
<div class="lb-trans"><p>滙豐預計美光將在企業 SSD 市場顯著增加市場份額，預計從 2025 年第二季度的 15% 上升到 2027 財年的 25% 至 30%。</p>
</div><p>The bank also forecasts operating profit growth at a 125% annual rate from 2025 to 2027, with estimates substantially above Wall Street consensus.</p>
<div class="lb-trans"><p>該銀行還預測，從 2025 年到 2027 年，營業利潤將以 125% 的年增長率增長，預計大幅高於華爾街共識。</p>
</div><h2>UBS highlights tight supply through 2027</h2>
<div class="lb-trans"><h2>瑞銀強調 2027 年前的緊張供應</h2>
</div><p>UBS added to the chorus of optimistic forecasts on Wednesday, reiterating its Buy rating and raising its 12-month price target to $295 from $275.</p>
<div class="lb-trans"><p>瑞銀在週三加入了樂觀預測的行列，重申其買入評級，並將 12 個月目標價從 275 美元上調至 295 美元。</p>
</div><p>Analyst Timothy Arcuri pointed to “meaningful undersupply” across both DRAM and NAND markets, a trend he expects to persist through at least late 2026 for NAND and early 2027 for DRAM.</p>
<div class="lb-trans"><p>分析師 Timothy Arcuri 指出，DRAM 和 NAND 市場存在 “顯著的供不應求”，他預計這一趨勢將持續到至少 2026 年底的 NAND 和 2027 年初的 DRAM。</p>
</div><p>Arcuri wrote that stronger-than-expected pricing should continue to push earnings estimates higher, forecasting roughly $38 in earnings per share for calendar 2027.</p>
<div class="lb-trans"><p>Arcuri 寫道，強於預期的價格應繼續推動盈利預期上升，預計 2027 年每股收益約為 38 美元。</p>
</div><p>He maintained his first-quarter projections of $13.2 billion in revenue and $4.27 in EPS, noting these remain ahead of the company’s guidance.</p>
<div class="lb-trans"><p>他維持了第一季度收入 132 億美元和每股收益 4.27 美元的預測，並指出這些數字仍高於公司的指導。</p>
</div><p>While Micron’s momentum remains strong, some analysts are cautious, with the stock trading well above the average price target of roughly $237 among 11 tracked analysts.</p>
<div class="lb-trans"><p>儘管美光的勢頭依然強勁，但一些分析師持謹慎態度，股票交易價格遠高於 11 位跟蹤分析師的平均目標價約 237 美元。</p>
</div><p>Still, the broad consensus leans bullish: LSEG data shows 40 of 46 analysts rate Micron shares a Buy or Strong Buy as the company heads into next week’s earnings release.</p>
<div class="lb-trans"><p>儘管如此，廣泛的共識仍然偏向樂觀：LSEG 數據顯示，在即將到來的財報發佈前，46 位分析師中有 40 位對美光股票給予買入或強烈買入評級。</p>
</div><p>The post Why analysts think there is more to come in Micron's rally? appeared first on Invezz</p>
<div class="lb-trans"><p>文章《為什麼分析師認為美光的上漲還有更多潛力？》首發於 Invezz</p>
</div>

Why analysts think there is more to come in Micron’s rally?

- Micron Technology 股票持續上漲，創下歷史新高，分析師提高預期。  
- 需求激增推動內存芯片價格上漲，Micron 股價年初以來已上漲三倍。  
- 分析師普遍看好，預計 Micron 將在 AI 投資加速中受益。  

為什麼分析師認為美光科技的上漲還有進一步的空間？