Group 1 - The storage chip sector has seen a significant surge, with companies like Maiwei Co., Ltd. (300751) rising over 18%, and others like Shannon Semiconductor (300475) and Jiangbolong (301308) increasing by approximately 15% [1] - Reports indicate that the spot prices of storage chips have skyrocketed recently, with DDR4x particles experiencing a price increase of over 400% this year, leading to a "hoarding" phenomenon in the supply chain [1] - End manufacturers, such as mobile phone producers, are facing historically low inventory levels, generally below 4 weeks, which is below the healthy range of 8-10 weeks, resulting in a "passive replenishment" situation under supply chain constraints [1] Group 2 - CITIC Securities notes that since September, the storage market has shifted to a seller's market, with price increases spreading across all categories and accelerating [2] - Looking ahead, enterprise SSD contract prices for NAND are expected to rise by over 50% in Q4 2025 and Q1 2026, while DDR4 8Gb products have seen a price increase of approximately 350% from March to September [2] - The overall storage sector is in the early stages of a super cycle, with high visibility of shortages expected to continue at least until the end of 2026, indicating a positive outlook for the sustainability of this structural cycle [2]