半导体设备ETF（561980）连续两日吸金超3000万，机构：国产设备具备跨周期、可确认的订单上行动力

Core Viewpoint - The semiconductor industry is experiencing significant growth driven by AI demand, with a notable increase in the prices of storage chips and a strong performance in the semiconductor equipment sector, indicating a potential new cycle of growth in the storage market [1][2][3]. Group 1: Market Performance - The market transaction volume has returned to 20 trillion, with technology sectors leading the gains, particularly in AI computing and semiconductor equipment [1]. - The semiconductor equipment ETF (561980) rose by 2.23% and has seen net subscriptions exceeding 30 million yuan over the past two days, reaching a total scale of 2.795 billion [1]. Group 2: Industry Trends - The recent IPOs of domestic GPU companies, such as Moore Threads and Muxi Co., indicate a rapid acceleration in the capitalization and marketization of domestic GPUs [1][6]. - The NAND Flash prices are expected to continue rising in Q4, with increases projected between 20% and 25%, driven by AI demand leading to supply-demand imbalances [1][7]. Group 3: Future Projections - The semiconductor equipment sector is anticipated to see significant order growth and performance realization in 2025, supported by advancements in storage technology and domestic production capacity expansions [2][19]. - By 2026, the semiconductor industry is expected to enter a phase of strategic, economic, and performance realization, with a focus on advanced logic and storage manufacturing capabilities as foundational elements for the AI era [3][19]. Group 4: Global Market Insights - According to SIA, global semiconductor sales reached $72.7 billion in October 2025, marking a 4.7% increase from September and a 27.2% increase year-over-year [2][13]. - The global semiconductor market is projected to approach $1 trillion by 2026, with a significant contribution from AI and data center demands driving the growth of logic chips and storage markets [10].