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过河小兵
海力士Q3几乎已是「高利润定价」,市场更在意HBM4放量有没有跟上叙事。
硬数据:市场共识营业利润约77万亿韩元、营业利润率冲高至七成多;HBM4已在Q2开始量产出货,但有行业消息称Q3出货节奏仍慢于预期(Rubin节奏与调校)。常规DRAM/NAND涨价同样托底利润,所以「利润好看」未必等于「HBM4已全面兑现」。AI算力链情绪会传导到风险偏好,间接牵动$BTC与科技权重。
你更看「利润率创新高」的兑现,还是「HBM4量不及预期」的折扣?
#SK海力士Q3财报在即,HBM4能否提振盈利? $BTC $SKHYNIX $SKHY
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