CNBC主持人吉姆·克雷默周三表示，SK海力尼的超预期业绩证明，在市场对大规模数据中心建设日益怀疑的背景下，人工智能股票仍能反弹。
CNBC's Jim Cramer said Wednesday that SK Hynix's blockbuster earnings proved artificial intelligence stocks can still rally in a market that has grown increasingly skeptical of the massive data center build-out.
这家韩国存储芯片巨头在纽约上市的股份大涨逾13%，此前其公布的业绩好于预期，并给出了乐观的前景展望。该财报提振了其他芯片股，美光科技跳涨近6%，Arm上涨4%，AMD上涨3%。在即便强劲业绩也难以推动部分AI相关股票上涨、投资者质疑海量数据中心支出能否带来回报的时刻，这波反弹格外引人注目。
The South Korean memory giant's New York-listed shares surged more than 13% after it delivered better-than-expected results and an upbeat outlook. The report lifted other chipmakers, with Micron jumping almost 6%, Arm advancing 4% and AMD rising 3%. The rally stood out at a time when even strong earnings haven't been enough to lift some AI-related stocks, as investors question whether the enormous spending on data centers will pay off.
“疯钱”节目主持人克雷默说：“SK海力尼昨晚上了一堂示范课，展示了如何让股价走高。”
"SK Hynix put on a clinic last night about how you can get your stock to move higher," the "Mad Money" host said.
克雷默指出了帮助SK海力尼克服华尔街怀疑的几个因素，首先是其低估值。该公司市盈率仅为2027年预期盈利的4倍，反映出市场对存储芯片繁荣能否持续存疑。这为业绩超预期时的股价反弹留出了空间。
Cramer identified several factors that helped SK Hynix overcome Wall Street's skepticism, starting with its low valuation. The company trades at just four times 2027 earnings, reflecting doubts about whether the memory boom can last. That left room for the stock to rally if results exceeded expectations.
而SK海力尼兑现了预期。营收超预期约6%，毛利率达85.7%。公司还预计本季度出货量增长将达20%中段水平，高于第三季度的10%。
And SK Hynix delivered. Revenue topped estimates by roughly 6%, with gross margins of 85.7%. The company also projected shipment growth in the mid-20% range this quarter, up from 10% in the third quarter.
克雷默说：“增长加速对成长型投资者极具吸引力——它让他们对前景有多美好尽情遐想。”
"Accelerating growth is like catnip to growth investors – it lets their imagination run wild about how good things could get," Cramer said.
或许最重要的是，SK海力尼表示，其产能实际上已通过2029年被预订一空，这得益于长期客户协议的支撑。克雷默表示，这一展望显示了用于AI数据中心的存储芯片需求依然多么强劲。
Perhaps most importantly, SK Hynix indicated that its production was effectively sold out through 2029, supported by long-term customer agreements. Cramer said the outlook demonstrated just how strong demand remains for memory chips used in AI data centers.
他强调了公司计划大幅投资额外的制造设备。历史上，扩大产能常常引发对供过于求和存储芯片价格下跌的担忧。克莱默说：“这一次，需求如此强劲，以至于海力士知道更多供应也满足不了市场。” “这显示出一种非同寻常的信心水平。” 公司还概述了通过派发股息和回购股票向股东提供的大量回报，为投资者提供了另一种乐观的理由。
He highlighted the company's plans to invest heavily in additional manufacturing equipment. Historically, expanding production has raised fears of oversupply and falling memory prices. "This time, demand is so strong that Hynix knows that more supply won't sate the market," Cramer said. "That shows a level of confidence that is extraordinary." The company also outlined substantial shareholder returns through dividends and stock buybacks, giving investors another reason to be optimistic. For Cramer, the combination of a low valuation, strong earnings, accelerating growth, sustained demand and shareholder returns offered a blueprint for how AI-related companies can win over investors in a challenging market.
对克莱默而言，低估值、强劲盈利、加速增长、持续需求以及股东回报的组合，为 AI 相关公司在充满挑战的市场中赢得投资者提供了蓝图。
"If you get through that gauntlet, then this market says you have a winner," he said. Cramer said the results also bode well for Micron, which is a holding in Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club.
他说：“如果你能通过那道考验，那么这个市场就说明你是赢家。”
He noted that Micron trades at a low multiple and has similar long-term customer agreements.
克莱默表示，这一业绩同样对美光有利，而美光是克莱默慈善信托——CNBC 投资俱乐部管理的投资组合中的持股。他指出，美光的估值倍数偏低，且拥有类似的长期客户协议。他还说，随着《芯片法案》资金限制在 12 月 9 日放宽，芯片制造商有可能动用其不断增长的现金储备进行大规模回购。
There's also potential, he said, for the chipmaker to deploy its growing cash pile toward a significant buyback when CHIPS Act funding restrictions ease on Dec. 9. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Questions for Cramer? e into Cramer's world? Hit him up! Mad Money Twi