研究报告 Research
MU · 深度研究报告 · In-Depth Research Report
从$61到$455再回落至$370：Q1营收同比增长57%、Q2指引$187亿超华尔街预期32%、2026全年HBM供给已全数售罄——AI记忆体超级周期的最强受益者，利润飞轮才刚开始真正转动 From $61 to $455 and back to $370: Q1 revenue growing 57% year-over-year, Q2 guidance of $18.7 billion exceeding Wall Street expectations by 32%, and 2026 full-year HBM supply already fully committed — the strongest beneficiary of