瑞银上调ServiceNow股价目标至$150，需求保持稳定

yun2026

瑞银上调ServiceNow股价目标至$150，需求保持稳定

2026年8月，三星在未来存储峰会上展示下一代三维存储路线，包括把高带宽存储直接堆叠在人工智能加速器上方的zHBM概念。传统方案通常把存储器放在处理器旁边，新布局试图缩短数据传输距离，在提高带宽的同时减少传输能耗，并为定制化接口设计留出空间。

展出的另一方向是面向低延迟数据处理的zNAND-O，以及采用晶圆键合技术、超过400层的V10 BV-NAND。三星公布的V10方案相较上一代提高了存储密度，同时推进读写和输入输出能力。随着人工智能训练与推理处理的数据不断增加，存储设计正从单纯增加容量，转向兼顾距离、封装、散热和系统效率。此次展示既包含技术路线，也包含处于概念阶段的结构，因此不同产品的成熟度并不相同。特别是zHBM的性能目标属于面向未来架构的预期，是否能在实际系统中达到目标，还取决于芯片集成、热管理与制造工艺的协同进展。

https://lightroom.adobe.com/shares/388812f939bebb4fbe31aba28716e646
https://lightroom.adobe.com/shares/dcfbab13f310d64daba67054e679bdd0
https://lightroom.adobe.com/shares/7433378eead04442b2d8dae1b0d1b596
https://lightroom.adobe.com/shares/1da28979e728e4419a7d9f8abfe4ac99
https://lightroom.adobe.com/shares/2a37a6704b1551489ec7e54eff875624
https://lightroom.adobe.com/shares/3511271a31734746892f8cdbff45a039
https://lightroom.adobe.com/shares/828c8744bc25bd46992f470831471308
https://lightroom.adobe.com/shares/73a462a75451d54fa4f93fd75fdf0cc5
https://lightroom.adobe.com/shares/41b76d7bc694bb488004bec1d5c9dd01
https://lightroom.adobe.com/shares/d2dc71b82c5ab047807e17ddc8e326bb
https://lightroom.adobe.com/shares/1c9700ee0565ae4c8eedcd46184269cf
https://lightroom.adobe.com/shares/d64c9c93726b4b4987f5259c6b48e303
https://lightroom.adobe.com/shares/c3be95187c9f5a408d4018006be5aebf
https://lightroom.adobe.com/shares/fa4ed601fed6f843b806f2a680c79413
https://lightroom.adobe.com/shares/7f2a3145d1275b4385fa391245927af7
https://lightroom.adobe.com/shares/ef6f4731abe49142bca689f76832c544
https://lightroom.adobe.com/shares/230c398303d2484eb25e95510afa902d
https://lightroom.adobe.com/shares/6f3ddb6b487daa4bad078b9ac5228d65
https://lightroom.adobe.com/shares/94cdefe2df87ff42a952eb61283f44b3
https://lightroom.adobe.com/shares/4a9641edf8d8f844b09d832697c1df25
https://lightroom.adobe.com/shares/dd1625a296e5da419f103dc9dcaeaff1
https://lightroom.adobe.com/shares/665b0d4e564a984185213a7bb5bf382a
https://lightroom.adobe.com/shares/84d3ff4235f049498831982d3a6d7deb
https://lightroom.adobe.com/shares/ace831601774c0459b9776d40995d746
https://lightroom.adobe.com/shares/555e35eb518296498f5e9c9483859ce3
https://lightroom.adobe.com/shares/fad2d7d28b58774499e0b5550263ce4f
https://lightroom.adobe.com/shares/79be95915fbb354b91828c709b61a9cf
https://lightroom.adobe.com/shares/60a57e04972e5849ba2c12b8d3816a68
https://lightroom.adobe.com/shares/f6205ef1d6797e488911d7e9da13c9d9
https://lightroom.adobe.com/shares/c6928942c78cc04e82c9825d93ef8b8d
https://lightroom.adobe.com/shares/6ab0114d8a488244a75444c7bb9eddd6
https://lightroom.adobe.com/shares/0a2ad30ace2fa4489112a9c5cd3d0401
https://lightroom.adobe.com/shares/f1ce795bcda09544abd8c025ea16a8b5
https://lightroom.adobe.com/shares/29a258887f2ad341979248ed043c91f5
https://lightroom.adobe.com/shares/7b034201764e4148a2e0554b8333bb7a
https://lightroom.adobe.com/shares/7529d7562d3b9a48a8f2c83dc750a6fc
https://lightroom.adobe.com/shares/8433dcbe70e8b644bc6dca9a61230645
https://lightroom.adobe.com/shares/b96e09b10f510e4f91bda04753093f26
https://lightroom.adobe.com/shares/496351d2f755294b849c2f99e389992f
https://lightroom.adobe.com/shares/90aec952ae80d04a98666652fa8bc2a6
https://lightroom.adobe.com/shares/cf6f1c02c16b494d8c4a57c40e20440b
https://lightroom.adobe.com/shares/f1b450d4e410b64a9abf5ae3dd3eb9a7
https://lightroom.adobe.com/shares/4f110aeb7f6c9b4fab1bd1992d32d527
https://lightroom.adobe.com/shares/0868715541460540946a6773a96020ba
https://lightroom.adobe.com/shares/5af58ffee52ef242941e009446d9bda3
https://lightroom.adobe.com/shares/edb4fa44874a044e8176641b432fec07
https://lightroom.adobe.com/shares/ec4015170cbf2246ac23262ae63cf1ea
https://lightroom.adobe.com/shares/536d5707233fe642a6c7136ba6523d6c
https://lightroom.adobe.com/shares/dac53fa8a332d74db4c4f0f774cccffa
https://lightroom.adobe.com/shares/c38d229780044e4d90669123c26a2104