科创芯片ETF国泰（589100）涨近1.7%，存储价格反弹或带动板块估值修复

Group 1 - The core viewpoint indicates that the global NAND Flash manufacturers are expected to reduce production by 10%-15% in Q2 2025, leading to a better-than-expected rebound in storage prices, with DRAM and NAND Flash contract prices projected to rise by 3%-8% [1] - The semiconductor sector shows internal market differentiation, with high valuations in semiconductor and optical electronics, while funds are focusing on domestic substitution, AI computing power, and consumer electronics [1] - The semiconductor industry is currently trading at a PE ratio of 80.25, which is at the 53.91 percentile of valuations over the past decade [1] Group 2 - ADI's performance in Q2 of fiscal year 2025 is highlighted, with revenue reaching $2.64 billion and double-digit year-on-year growth across all end markets, alongside a gross margin of 61.0% [1] - The overall PE ratio for the electronics industry stands at 48.80, placing it at the 63.73 percentile of valuations over the past decade [1] - The Guotai Science and Technology Chip ETF (589100) tracks the Science and Technology Chip Index (000685), which is compiled by the China Securities Index Co., Ltd., selecting listed companies involved in semiconductor materials, equipment, design, manufacturing, and packaging testing from the Sci-Tech Innovation Board [1]