{"id":51994,"date":"2026-07-17T13:51:54","date_gmt":"2026-07-17T13:51:54","guid":{"rendered":"https:\/\/www.vtmarkets.com\/zh-ca\/uncategorized\/51994\/"},"modified":"2026-07-17T13:51:54","modified_gmt":"2026-07-17T13:51:54","slug":"sk-hynix-and-the-ai-memory-risk-shift","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/featured\/51994\/","title":{"rendered":"SK\u6d77\u529b\u58eb\u8207AI\u8a18\u61b6\u9ad4\u98a8\u96aa\u8f49\u79fb"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/SK_Hynix-1024x573.webp\" alt=\"Abstract pink and blue microchips and circuit-board components forming an AI-themed cluster, with a VT logo in the corner.\" class=\"wp-image-61986\"\/><figcaption\">AI \u71b1\u6f6e\u51fa\u73fe\u65b0\u58d3\u529b\u9ede<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">SK \u6d77\u529b\u58eb\u6210\u70ba\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u71b1\u6f6e\u6700\u76f4\u63a5\u53d7\u60e0\u8005\u4e4b\u4e00\u3002<\/p>\n\n\n\n<script type=\"module\" src=\"https:\/\/widgets.tradingview-widget.com\/w\/en\/tv-company-profile.js\"><\/script>\n\n<tv-company-profile symbol=\"NASDAQ:SKHY\" style=\"height: 300px\"><\/tv-company-profile><br>\n\n\n\n<p class=\"wp-block-paragraph\">\u9019\u5bb6\u97d3\u570b\u534a\u5c0e\u9ad4\u516c\u53f8\u662f\u5168\u7403\u4e09\u5927\u300c\u8a18\u61b6\u9ad4\u6676\u7247\u300d\uff08memory chip\uff0c\u7528\u4f5c\u5132\u5b58\u8cc7\u6599\u7684\u6676\u7247\uff09\u751f\u7522\u5546\u4e4b\u4e00\uff0c\u8207\u4e09\u661f\u53ca\u7f8e\u5149\uff08Micron\uff09\u4e26\u5217\u3002\u5176\u76ee\u524d\u6700\u5927\u512a\u52e2\u662f<strong>\u9ad8\u983b\u5bec\u8a18\u61b6\u9ad4\uff08HBM\uff0cHigh-Bandwidth Memory\uff1a\u628a\u591a\u5c64\u8a18\u61b6\u9ad4\u5806\u758a\u5728\u4e00\u8d77\uff0c\u63d0\u4f9b\u66f4\u9ad8\u8cc7\u6599\u50b3\u8f38\u901f\u5ea6\uff09<\/strong>\uff1bHBM \u53ef\u8b93 AI \u8655\u7406\u5668\uff08\u7528\u65bc\u904b\u7b97\u7684\u6676\u7247\uff09\u66f4\u5feb\u5730\u8b80\u5beb\u5927\u91cf\u8cc7\u6599\uff0c\u652f\u6490\u5148\u9032 AI \u7cfb\u7d71\u7684\u9f90\u5927\u6578\u64da\u9700\u6c42\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u53d7\u60e0\u65bc AI \u76f8\u95dc\u696d\u52d9\uff0c\u516c\u53f8\u76c8\u5229\u589e\u9577\u5f37\u52c1\uff0c\u4ea6\u5e36\u52d5\u6295\u8cc7\u8005\u9700\u6c42\u3002\u4e0d\u904e\uff0c\u96a8\u7740\u80a1\u4efd\u66f4\u53d7\u5e02\u5834\u95dc\u6ce8\uff0c\u76f8\u95dc\u4ea4\u6613\u98a8\u96aa\u4ea6\u51fa\u73fe\u8b8a\u5316\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SK \u6d77\u529b\u58eb\u4ecd\u7136\u53d7\u60e0\u65bc AI \u5e36\u52d5\u7684\u666f\u6c23\u5468\u671f\uff08cycle\uff1a\u884c\u696d\u9700\u6c42\u7531\u5f31\u8f49\u5f37\u518d\u56de\u843d\u7684\u5faa\u74b0\uff09\uff0c\u4f46\u6295\u8cc7\u8005\u958b\u59cb\u66f4\u7740\u91cd\u5728\u5f37\u52c1\u57fa\u672c\u56e0\u7d20\uff08fundamentals\uff1a\u76c8\u5229\u3001\u9700\u6c42\u3001\u7af6\u722d\u529b\u7b49\uff09\u8207\u7af6\u722d\u52a0\u5287\u3001\u6301\u5009\u904e\u5ea6\u96c6\u4e2d\uff0c\u4ee5\u53ca\u66f4\u9ad8\u6ce2\u52d5\u4e4b\u9593\u7684\u53d6\u6368\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u63a8\u52d5 AI \u64f4\u5f35\u7684\u8a18\u61b6\u9ad4<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u591a\u9805\u56e0\u7d20\u4ee4\u516c\u53f8\u6210\u70ba\u7126\u9ede\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u76c8\u5229\u5f37\u52c1\uff1a<\/strong>SK \u6d77\u529b\u58eb<a href=\"https:\/\/www.koreatimes.co.kr\/business\/companies\/20260517\/operating-profits-of-top-companies-exceed-104-bil-in-q1\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u516c\u5e03 2026 \u5e74\u7b2c\u4e00\u5b63\u7d93\u71df\u6ea2\u5229 37.6 \u5146\u97d3\u571c<\/a>\uff08\u7d04 254 \u5104\u7f8e\u5143\uff09\uff0c\u6536\u5165 52.6 \u5146\u97d3\u571c\uff08\u7d04 355 \u5104\u7f8e\u5143\uff09\uff0c\u7d93\u71df\u5229\u6f64\u7387\uff08operating margin\uff1a\u7d93\u71df\u6ea2\u5229\u00f7\u6536\u5165\uff0c\u53cd\u6620\u6838\u5fc3\u696d\u52d9\u8cfa\u9322\u80fd\u529b\uff09\u7d04 71.5%\u3002<\/li>\n\n\n\n<li><strong>AI \u57fa\u5efa\u9700\u6c42\uff1a<\/strong>\u516c\u53f8\u6210\u70ba HBM \u7684\u4e3b\u8981\u4f9b\u61c9\u5546\uff1bHBM \u662f\u5148\u9032 AI \u7cfb\u7d71\u7684\u95dc\u9375\u96f6\u4ef6\u3002<\/li>\n\n\n\n<li><strong>\u7d0d\u65af\u9054\u514b\u4e0a\u5e02\uff1a<\/strong>SK \u6d77\u529b\u58eb<a href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/sk-hynix-raises-26-5-170500052.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">7 \u6708 10 \u65e5\u5728\u7d0d\u65af\u9054\u514b\u4e0a\u5e02\u96c6\u8cc7 265 \u5104\u7f8e\u5143<\/a>\uff0c\u70ba\u5916\u8cc7\u4f01\u696d\u5728\u7f8e\u570b\u6700\u5927\u898f\u6a21\u4e0a\u5e02\uff0c\u9996\u500b\u4ea4\u6613\u65e5\u80a1\u50f9\u5347 13%\u3002<\/li>\n\n\n\n<li><strong>\u5206\u6790\u54e1\u504f\u6b63\u9762\uff1a<\/strong>\u90e8\u5206\u5206\u6790\u54e1\u5728\u80a1\u50f9\u6025\u5347\u5f8c\uff0c\u4ecd\u770b\u597d\u76c8\u5229\u9810\u671f\uff0c\u4e26\u8a8d\u70ba\u300c\u9810\u6e2c\u5e02\u76c8\u7387\u300d\uff08forward valuation\uff1a\u7528\u672a\u4f86\u76c8\u5229\u4f30\u7b97\u7684\u4f30\u503c\uff09\u4ecd\u5177\u5438\u5f15\u529b\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u6578\u64da\u89e3\u91cb\u4e86\u5e02\u5834\u70ba\u4f55\u66f4\u95dc\u6ce8 SK \u6d77\u529b\u58eb\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u540c\u6642\uff0c\u5e02\u5834\u9810\u671f\u6025\u5347\uff0c\u4ea6\u4ee4\u80a1\u7968\u7684\u8a55\u4f30\u6a19\u6e96\u8b8a\u5f97\u66f4\u56b4\u683c\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">HBM \u9818\u5148\u512a\u52e2\u9762\u81e8\u7af6\u722d<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">HBM \u662f SK \u6d77\u529b\u58eb\u8fd1\u5e74\u6210\u529f\u7684\u6838\u5fc3\u3002\u8207\u50b3\u7d71\u8a18\u61b6\u9ad4\u6676\u7247\u76f8\u6bd4\uff0cHBM \u53ef\u8b93 AI \u8655\u7406\u5668\u66f4\u6709\u6548\u7387\u5730\u5b58\u53d6\u5927\u91cf\u8cc7\u6599\u3002\u96a8\u7740 AI \u904b\u7b97\u9700\u6c42\u64f4\u5927\uff0cHBM \u91cd\u8981\u6027\u660e\u986f\u4e0a\u5347\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">SK \u6d77\u529b\u58eb\u4ecd\u662f\u4e3b\u8981\u4f9b\u61c9\u5546\u4e4b\u4e00\uff0c\u4f46\u512a\u52e2\u4e0d\u518d\u7368\u6709\u3002\u5e02\u5834\u6d88\u606f\u6307\uff0c\u5176 HBM \u5e02\u4f54\u7387\uff08market share\uff1a\u5728\u6574\u9ad4\u5e02\u5834\u7684\u92b7\u91cf\u6216\u6536\u5165\u4f54\u6bd4\uff09<a href=\"https:\/\/uk.investing.com\/news\/stock-market-news\/sk-hynix-vs-micron-deep-dive-who-wins-the-ai-memory-supercycle-4772094\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u7531\u7d04\u4e00\u5e74\u524d 69% \u56de\u843d\u81f3\u7d04 56% \u81f3 58%<\/a>\uff0c\u56e0\u7af6\u722d\u5c0d\u624b\u52a0\u5927\u6295\u8cc7\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e09\u661f<a href=\"https:\/\/news.samsung.com\/global\/samsung-electronics-begins-shipment-of-industry-first-hbm4e-samples\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u64f4\u5145 HBM4 \u7522\u80fd<\/a>\uff08\u7522\u80fd\uff1a\u53ef\u751f\u7522\u7684\u6700\u9ad8\u6578\u91cf\uff09\uff0c\u7f8e\u5149\u4ea6<a href=\"https:\/\/investors.micron.com\/news-releases\/news-release-details\/micron-accelerates-us-investments-pours-first-concrete-new-york\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u52a0\u5feb\u63a8\u9032\u8a18\u61b6\u9ad4\u696d\u52d9<\/a>\uff0c\u7af6\u722d\u5347\u6eab\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9019\u4e0d\u4ee3\u8868 AI \u5927\u8da8\u52e2\u8f49\u5f31\uff0c\u800c\u662f\u7af6\u722d\u683c\u5c40\u6539\u8b8a\uff1a\u4f01\u696d\u53ef\u4ee5\u7e7c\u7e8c\u53d7\u60e0\u65bc\u884c\u696d\u4e0a\u884c\uff0c\u4f46\u8981\u7dad\u6301\u9818\u5148\u6703\u66f4\u56f0\u96e3\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u71b1\u60c5\u5982\u4f55\u8b8a\u6210\u9ad8\u6ce2\u52d5<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u98a8\u96aa\u8f49\u8b8a\u4ea6\u53cd\u6620\u5728\u4ea4\u6613\u884c\u70ba\u4e0a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u97d3\u570b<a href=\"https:\/\/sg.finance.yahoo.com\/quote\/%5EKS11\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">KOSPI \u6307\u6578<\/a>\uff08\u97d3\u570b\u7d9c\u5408\u80a1\u50f9\u6307\u6578\uff09\u8fd1\u671f<a href=\"https:\/\/sedaily.com\/finance\/2026\/07\/17\/chip-turmoil-sends-kospi-on-roller-coaster-fueled-by\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u6ce2\u5e45\u7570\u5e38\u64f4\u5927<\/a>\uff0c\u90e8\u5206\u7531\u5927\u578b\u79d1\u6280\u80a1\u8d70\u52e2\u5e36\u52d5\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8fd1\u671f\u60c5\u6cc1\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>KOSPI \u55ae\u65e5\u4e0a\u5347 6.24%\u3002<\/li>\n\n\n\n<li>\u7fcc\u65e5\u4e0b\u8dcc 6.37%\u3002<\/li>\n\n\n\n<li>\u4e09\u661f\u8207 SK \u6d77\u529b\u58eb\u56e0\u5728\u6307\u6578\u6b0a\u91cd\uff08weighting\uff1a\u6210\u4efd\u80a1\u5c0d\u6307\u6578\u8b8a\u52d5\u7684\u5f71\u97ff\u6bd4\u4f8b\uff09\u9ad8\uff0c\u5c0d\u5347\u8dcc\u8ca2\u737b\u660e\u986f\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u5176\u5f8c\uff0c\u5e02\u5834\u63a8\u51fa\u8207\u97d3\u570b\u4e3b\u8981\u79d1\u4f01\u639b\u920e\u7684\u300c\u55ae\u4e00\u80a1\u7968\u69d3\u687f ETF\u300d\uff0c\u6ce2\u52d5\u9032\u4e00\u6b65\u4e0a\u5347\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u81ea 5 \u6708 27 \u65e5\u7522\u54c1\u63a8\u51fa\u4ee5\u4f86\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u4ea4\u6613\u6d3b\u52d5<a href=\"https:\/\/www.koreajoongangdaily.com\/business\/govt-to-halt-new-samsung-sk-hynix-leveraged-etfs-over-volatility-concerns\/12777885\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u89f8\u767c\u591a\u6b21\u300c\u6ce2\u52d5\u7de9\u885d\u6a5f\u5236\u300d\uff08volatility sidecar\uff1a\u7576\u50f9\u683c\u6025\u5347\u6025\u8dcc\u6642\uff0c\u66ab\u6642\u9650\u5236\u64ae\u5408\u6216\u6539\u7528\u6536\u96c6\u8cb7\u8ce3\u76e4\u65b9\u5f0f\u4ee5\u964d\u6eab\uff09\u53ca\u300c\u7194\u65b7\u6a5f\u5236\u300d\uff08circuit breaker\uff1a\u5e02\u5834\u6025\u8dcc\u6642\u66ab\u505c\u4ea4\u6613\uff09<\/a>\u3002<\/li>\n\n\n\n<li>\u6709\u4e00\u96bb\u8207 SK \u6d77\u529b\u58eb\u639b\u920e\u7684\u69d3\u687f ETF\uff0c\u64da\u5831<a href=\"https:\/\/sg.finance.yahoo.com\/news\/leveraged-etf-goes-haywire-korea-012645164.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u55ae\u65e5\u6ce2\u5e45\u7d04 40%<\/a>\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u554f\u984c\u4e0d\u53ea\u5728\u65bc\u6295\u8cc7\u8005\u8208\u8da3\u9ad8\uff0c\u800c\u662f\u5f37\u70c8\u62bc\u6ce8\u3001\u4f7f\u7528\u69d3\u687f\uff08leverage\uff1a\u4ee5\u501f\u8cb8\u653e\u5927\u6295\u8cc7\u898f\u6a21\uff09\u53ca\u6301\u5009\u96c6\u4e2d\u540c\u6642\u51fa\u73fe\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">\u76e3\u7ba1\u51fa\u624b\u5283\u7dda<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u97d3\u570b\u76e3\u7ba1\u6a5f\u69cb<a href=\"https:\/\/www.reuters.com\/legal\/government\/south-korea-regulator-announce-new-measures-single-stock-leveraged-etfs-2026-07-16\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u56e0\u61c9\u6ce2\u52d5\u4e0a\u5347\u800c\u9650\u5236\u55ae\u4e00\u80a1\u7968\u69d3\u687f\u7522\u54c1\u589e\u9577<\/a>\uff0c\u7981\u6b62\u90e8\u5206\u4e3b\u8981\u79d1\u4f01\u639b\u920e\u7684\u4ea4\u6613\u6240\u8cb7\u8ce3\u57fa\u91d1\uff08ETF\uff1a\u5728\u4ea4\u6613\u6240\u8cb7\u8ce3\u3001\u8ffd\u8e64\u67d0\u6307\u6578\u6216\u8cc7\u7522\u7684\u57fa\u91d1\uff09\u518d\u4f5c\u65b0\u4e0a\u5e02\uff0c\u4e26\u63d0\u9ad8\u96f6\u552e\u6295\u8cc7\u8005\u53c3\u8207\u6b64\u985e\u7522\u54c1\u6240\u9700\u7684\u6700\u4f4e\u6309\u91d1\uff08deposit\uff1a\u6295\u8cc7\u8005\u9700\u9810\u5148\u5b58\u5165\u7684\u4fdd\u8b49\u91d1\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/codeMjVhM2MxZGUzZWEzNjkwYzIwMDA4NDYxZDEyNzZiOTVfb2xIREpWMXBrRW5iZ2tyeUtvZnF6ZmI5TjZSZzEwOHJfVG9rZW46VUVJSWJRYTZzb1FKVmh4UHhRMGxQNm5XZ1dIXzE3ODQyODUyMzM6MTc4NDI4ODgzM19WNAampadd_watermarktrueampscene_typeCCM.png\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u76e3\u7ba1\u53cd\u61c9\u51f8\u986f\u53e6\u4e00\u985e\u98a8\u96aa\uff1a\u5373\u4f7f\u516c\u53f8\u57fa\u672c\u9762\u826f\u597d\uff0c\u69d3\u687f\u53ef\u4ee5\u653e\u5927\u4fe1\u5fc3\uff0c\u4e5f\u6703\u5728\u60c5\u7dd2\u9006\u8f49\u6642\u653e\u5927\u8667\u640d\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4ea4\u6613\u89d2\u5ea6<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0d\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u4e0d\u78ba\u5b9a\u6027\u4ee4\u5347\u8dcc\u5169\u908a\u90fd\u6709\u6a5f\u6703\u3002\u770b\u597d AI \u8a18\u61b6\u9ad4\u5468\u671f\u53ef\u90e8\u7f72\u4e0a\u884c\uff1b\u8a8d\u70ba\u5e02\u5834\u9810\u671f\u5df2\u8d85\u524d\u57fa\u672c\u9762\uff0c\u5247\u53ef\u90e8\u7f72\u4e0b\u884c\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.vtmarkets.com\/en-asia\/discover\/what-is-a-cfd-the-complete-guide-to-contract-for-difference\/?utm_source=Opinion&amp;utm_content=SKHynix\" target=\"_blank\" rel=\"noopener\" title=\"\">\u5dee\u50f9\u5408\u7d04\uff08CFD\uff0cContract for Difference\uff1a\u4e0d\u6301\u6709\u6b63\u80a1\u3001\u53ea\u5c31\u50f9\u683c\u5347\u8dcc\u7d50\u7b97\u76c8\u8667\u7684\u5408\u7d04\uff09<\/a>\u53ef\u8b93\u4ea4\u6613\u8005\u53c3\u8207\u80a1\u50f9\u6ce2\u52d5\u800c\u6bcb\u9808\u6301\u6709\u76f8\u95dc\u80a1\u4efd\u3002\u4e0d\u904e\u69d3\u687f\u6703\u589e\u52a0\u98a8\u96aa\uff1a\u50f9\u683c\u8b8a\u52d5\u5c0d\u5e33\u6236\u8cc7\u91d1\u5f71\u97ff\u66f4\u5927\uff0c\u4ea6\u53ef\u80fd\u53d7\u4fdd\u8b49\u91d1\u8981\u6c42\uff08margin\uff1a\u7dad\u6301\u5009\u4f4d\u6240\u9700\u8cc7\u91d1\uff09\u3001\u878d\u8cc7\u6210\u672c\uff08financing cost\uff1a\u6301\u5009\u501f\u8cb8\u5229\u606f\uff09\u53ca\u300c\u8df3\u7a7a\u300d\uff08gap\uff1a\u958b\u5e02\u50f9\u8207\u524d\u6536\u5e02\u50f9\u51fa\u73fe\u660e\u986f\u7f3a\u53e3\uff09\u5f71\u97ff\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u95dc\u9375\u5728\u6301\u5009\uff0c\u800c\u975e\u9700\u6c42\u6d88\u5931<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u770b\u6de1\u4e26\u975e\u8a8d\u70ba AI \u6295\u8cc7\u6703\u7a81\u7136\u653e\u6162\uff0c\u6216 HBM \u9700\u6c42\u6703\u6d88\u5931\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u6182\u616e\u5728\u65bc\uff1a\u5728\u76c8\u5229\u5927\u589e\u3001\u53c3\u8207\u8005\u589e\u52a0\u3001\u69d3\u687f\u7522\u54c1\u8cc7\u91d1\u6d41\uff08flows\uff1a\u8cc7\u91d1\u9032\u51fa\u65b9\u5411\u8207\u898f\u6a21\uff09\u63a8\u52d5\uff0c\u4ee5\u53ca\u7d0d\u65af\u9054\u514b\u4e0a\u5e02\u63d0\u5347\u53ef\u8cb7\u8ce3\u6e20\u9053\u5f8c\uff0c\u5e02\u5834\u9810\u671f\u8b8a\u5f97\u66f4\u9032\u53d6\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7576\u6301\u5009\uff08positioning\uff1a\u5e02\u5834\u4e0a\u591a\u7a7a\u62bc\u6ce8\u5206\u5e03\uff09\u904e\u5ea6\u96c6\u4e2d\uff0c\u5373\u4f7f\u60c5\u7dd2\u8f15\u5fae\u8f49\u5411\uff0c\u4e5f\u53ef\u5f15\u767c\u6025\u5287\u6ce2\u52d5\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5411\u4e0a\u98a8\u96aa\u4ecd\u5728<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u770b\u6de1\u4ea6\u6709\u98a8\u96aa\u3002SK \u6d77\u529b\u58eb\u4ecd\u53d7 AI \u9700\u6c42\u652f\u6301\uff1b\u82e5 HBM \u8a02\u55ae\uff08orders\uff1a\u5ba2\u6236\u63a1\u8cfc\u91cf\uff09\u6216\u534a\u5c0e\u9ad4\u958b\u652f\uff08spending\uff1a\u884c\u696d\u8cc7\u672c\u6295\u5165\uff09\u9ad8\u65bc\u9810\u671f\uff0c\u80a1\u50f9\u4ecd\u53ef\u518d\u4e0a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6301\u5009\u53ef\u4ee5\u5411\u4efb\u4f55\u65b9\u5411\u300c\u62c6\u5009\u300d\uff08unwind\uff1a\u6e1b\u5c11\u6216\u5e73\u6389\u539f\u6709\u5009\u4f4d\uff09\u3002\u300c\u6cbd\u7a7a\u64e0\u58d3\u300d\uff08short squeeze\uff1a\u5927\u91cf\u6cbd\u7a7a\u8005\u88ab\u8feb\u56de\u88dc\uff0c\u4ee4\u80a1\u50f9\u6025\u5347\uff09\u8207\u300c\u591a\u982d\u64e0\u64c1\u300d\u540c\u6a23\u53ef\u80fd\u8fc5\u901f\u51fa\u73fe\u53cd\u5411\u6ce2\u52d5\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0d CFD \u4ea4\u6613\u8005\u800c\u8a00\uff0c\u6cbd\u7a7a\u9700\u7559\u610f\uff1a\u6025\u901f\u8df3\u7a7a\u3001\u66f4\u95ca\u8cb7\u8ce3\u5dee\u50f9\uff08spread\uff1a\u8cb7\u5165\u50f9\u8207\u8ce3\u51fa\u50f9\u5dee\u8ddd\uff09\u3001\u878d\u8cc7\u6210\u672c\uff0c\u4ee5\u53ca\u82e5\u8d70\u52e2\u6025\u5287\u4e0d\u5229\u53ef\u80fd\u88ab\u8ffd\u52a0\u4fdd\u8b49\u91d1\u6216\u5f37\u5236\u5e73\u5009\uff08margin close-out\uff1a\u4fdd\u8b49\u91d1\u4e0d\u8db3\u800c\u88ab\u5e73\u53f0\u5e73\u5009\uff09\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">SK \u6d77\u529b\u58eb\u73fe\u6cc1<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">SK \u6d77\u529b\u58eb\u6b63\u8655\u65bc\u5169\u80a1\u76f8\u53cd\u529b\u91cf\u7684\u4ea4\u532f\u9ede\u3002<\/p>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li>\u7531 AI \u5e36\u52d5\u7684\u76c8\u5229\u4e0a\u884c\u5468\u671f\uff0c\u63a8\u9ad8\u5148\u9032\u8a18\u61b6\u9ad4\u6676\u7247\u9700\u6c42\u3002<\/li>\n\n\n\n<li>\u6295\u8cc7\u8005\u6301\u5009\u3001\u69d3\u687f\u8207\u5e02\u5834\u9810\u671f\u5347\u6eab\uff0c\u4ee4\u76f8\u95dc\u6a5f\u6703\u7684\u6ce2\u52d5\u52a0\u5287\u3002<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">\u5169\u8005\u4e26\u4e0d\u4e92\u76f8\u62b5\u6d88\uff0c\u4ea6\u4ee4 SK \u6d77\u529b\u58eb\u66f4\u53d7\u6ce8\u76ee\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u516c\u53f8\u4ecd\u662f AI \u6295\u8cc7\u7684\u4e3b\u8981\u53d7\u60e0\u8005\uff0c\u4f46\u5e02\u5834\u5982\u4f55\u4ea4\u6613\u9019\u500b\u4e3b\u984c\uff0c\u8b8a\u5f97\u66f4\u91cd\u8981\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0d\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u96e3\u9ede\u4e0d\u53ea\u662f\u5224\u65b7\u65b9\u5411\uff0c\u800c\u662f\u7406\u89e3\u57fa\u672c\u9762\u3001\u6301\u5009\u8207\u60c5\u7dd2\u5982\u4f55\u4e92\u76f8\u5f71\u97ff\uff0c\u4ee4\u4e00\u96bb\u696d\u52d9\u5f37\u52e2\u7684\u80a1\u4efd\u540c\u6642\u6210\u70ba\u5e02\u5834\u7126\u9ede\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u7531 7 \u6708 22 \u65e5\u8d77\uff0cVT Markets \u5c07\u63d0\u4f9b SK \u6d77\u529b\u58eb\uff08SKHY\uff09\u5dee\u50f9\u5408\u7d04\u4ea4\u6613\uff0c\u6700\u9ad8 10 \u500d\u69d3\u687f\uff0c\u6bcf\u624b\u7531 0.1 \u81f3 1,000\uff0c\u8b93\u4ea4\u6613\u8005\u5728 AI \u8a18\u61b6\u9ad4\u5468\u671f\u9810\u671f\u6301\u7e8c\u8b8a\u5316\u4e0b\uff0c\u53c3\u8207\u5e02\u5834\u96d9\u5411\u6ce2\u52d5\u3002<\/strong><\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"><em>*\u4ea4\u6613\u6642\u9593\uff1a\u661f\u671f\u4e00\u81f3\u661f\u671f\u4e94\uff08\u4f3a\u670d\u5668\u6642\u9593\uff0916:30 \u81f3 23:00\u3002<\/em><\/pre>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary><strong>TLDR<\/strong><\/summary>\n<p class=\"wp-block-paragraph\"><br><strong>SK \u6d77\u529b\u58eb\u5728 AI \u5e02\u5834\u4ee5\u751a\u9ebc\u898b\u7a31\uff1f<\/strong> <br>SK \u6d77\u529b\u58eb\u662f\u4e3b\u8981\u8a18\u61b6\u9ad4\u6676\u7247\u751f\u7522\u5546\uff0c\u4ea6\u662f HBM \u7684\u91cd\u8981\u4f9b\u61c9\u5546\uff1bHBM \u53ef\u70ba\u5148\u9032 AI \u8655\u7406\u5668\u63d0\u4f9b\u66f4\u5feb\u8cc7\u6599\u50b3\u8f38\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u70ba\u4f55 SK \u6d77\u529b\u58eb\u5438\u5f15\u6295\u8cc7\u8005\uff1f<\/strong> <br>AI \u9700\u6c42\u5f37\u3001\u76c8\u5229\u589e\u9577\u5feb\uff0c\u52a0\u4e0a HBM \u9818\u5148\u5730\u4f4d\uff0c\u4ee4\u5176\u6210\u70ba AI \u57fa\u5efa\u5468\u671f\u7684\u53d7\u60e0\u80a1\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>SK \u6d77\u529b\u58eb\u9762\u5c0d\u54ea\u4e9b\u65b0\u98a8\u96aa\uff1f<\/strong> <br>\u4e09\u661f\u8207\u7f8e\u5149\u7af6\u722d\u52a0\u5287\u3001\u6301\u5009\u64e0\u64c1\u3001\u69d3\u687f\u7522\u54c1\u4ea4\u6613\u6d3b\u8e8d\uff0c\u4ee5\u53ca\u6ce2\u52d5\u4e0a\u5347\uff0c\u4ee4\u80a1\u50f9\u98a8\u96aa\u589e\u52a0\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u97d3\u570b\u70ba\u4f55\u6536\u7dca\u69d3\u687f ETF \u898f\u5247\uff1f<\/strong> <br>\u56e0\u90e8\u5206\u5927\u578b\u79d1\u4f01\u76f8\u95dc\u69d3\u687f\u7522\u54c1\u63a8\u9ad8\u5e02\u5834\u6ce2\u52d5\uff0c\u4ea6\u4ee4\u98a8\u96aa\u96c6\u4e2d\uff0c\u76e3\u7ba1\u56e0\u800c\u51fa\u624b\u9650\u5236\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u4ea4\u6613\u8005\u5982\u4f55\u53c3\u8207 SK \u6d77\u529b\u58eb\u80a1\u50f9\u6ce2\u52d5\uff1f<\/strong> <br>\u5dee\u50f9\u5408\u7d04\uff08CFD\uff09\u53ef\u5728\u4e0d\u6301\u6709\u6b63\u80a1\u4e0b\u53c3\u8207\u5347\u8dcc\uff0c\u4f46\u69d3\u687f\u6703\u540c\u6642\u653e\u5927\u6f5b\u5728\u76c8\u5229\u8207\u8667\u640d\u3002<\/p>\n<\/details>\n\n\n\n\n<p class=\"wp-block-paragraph\"><b>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 \u2014 \u9ede\u64ca<a href=\"https:\/\/www.vtmarkets.com\/zh-ca\/trade-now\/\">\u6b64\u8655<\/a>\u958b\u8a2d\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>AI \u8a18\u61b6\u9ad4\u80a1\u71b1\u7206\uff1fSK\u6d77\u529b\u58eb\u6191HBM\u76c8\u5229\u98c6\u5347\u517c\u7d0d\u6307\u4e0a\u5e02\u53d7\u6367\uff0c\u60df\u5e02\u4f54\u56de\u843d\u3001\u69d3\u687fETF\u64e0\u64c1\u63a8\u9ad8\u6ce2\u52d5\uff1b\u97d3\u76e3\u7ba1\u6536\u7dca\u898f\u5247\uff0c\u6295\u8cc7\u9700\u7ba1\u63a7\u6301\u5009\u98a8\u96aa\u3002<\/p>\n","protected":false},"author":87,"featured_media":51993,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3,19],"tags":[],"class_list":["post-51994","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-opinion"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/51994","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=51994"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/51994\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media\/51993"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=51994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=51994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=51994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}