真正的AI繁荣已至,拥抱全新周期-Nomura.docx

真正的AI繁荣已至,拥抱全新周期-Nomura.docx

GlobalMemory

EQUITY:TECHNOLOGY

GlobalMarketsResearch

15May2026

RealAIboomishere,embracethenewregime

Expectmemorystockre-ratingdrivenbyexponentialdemandgrowthfromAI

ExponentiallygrowingAI-drivendemandvslimitedmemorysupply

Thememoryindustryenteredastructuralgrowth

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