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Core Viewpoint - The A-share storage chip sector is experiencing a rebound, driven by surging demand and significant breakthroughs in domestic DRAM, indicating a new price increase cycle for global storage chips [1][2]. Sector Performance - The A-share storage chip sector saw a recovery after two days of decline, with the Wind storage index rising by 2.69% on November 3. Key stocks such as Aerospace Zhizhuang and Taiji Industry hit the daily limit, while several others saw significant gains [1]. - Over the past three months, the storage sector index has increased by nearly 60%, with multiple companies' stock prices doubling [1]. Demand and Pricing Trends - The demand for high-capacity, low-power storage chips is surging due to the AI model wave, leading to a supply-demand imbalance. This has prompted a new price increase cycle for global storage chips [1]. - TrendForce has revised its fourth-quarter price forecast for Conventional DRAM from an 8%-13% increase to an 18%-23% increase, with potential for further upward adjustments [1]. Company Developments - Changxin Storage announced the mass production of LPDDR5X products, achieving significant improvements in capacity, speed, and power consumption, with the highest speed reaching 10,677 Mbps, a 66% increase over the previous generation [2]. - Zhaoyi Innovation reported a revenue of 6.832 billion yuan for the first three quarters, a year-on-year increase of 20.92%, with a net profit growth of 30.18% [2]. - Jiangbolong's revenue for the first three quarters was 16.734 billion yuan, up 26.12% year-on-year, with a net profit of 710 million yuan, marking a turnaround from losses [3]. Market Outlook - Multiple institutions are optimistic about the continued prosperity of the storage chip industry, with rising storage prices and a clear upward trend in the storage cycle [3]. - The price of 512Gb/1Tb Flash Wafer has increased by over 25% since September, while the price of 1TB PCIe4.0 SSD has risen by over 20% during the same period [3]. - The consumer electronics sector is expected to maintain a recovery trend, driven by new foldable smartphones and advancements in AI technology, which will sustain high demand for AI infrastructure and related components [4].