存储芯片掀涨价潮，数据拆解资金动向

Core Viewpoint - The global storage industry has entered a "super bull market" phase, with price increases exceeding expectations, driven by AI demand and supply-demand mismatches [1] Group 1: Market Behavior and Investment Strategy - Investors should not be swayed by sudden news that causes market fluctuations, as seen in the previous adjustments in the liquor sector, where unexpected policies led to significant declines despite positive market sentiment [3] - The market's performance is influenced more by the true intentions of institutional funds rather than the news itself; understanding these intentions can prevent misinterpretations of market strength [4] - Quantitative big data can reveal the trading behaviors of institutions, which often follow strong patterns, allowing investors to gauge institutional activity and make informed decisions [6] Group 2: Institutional Participation and Market Dynamics - The "institutional inventory" data indicates the level of institutional participation in trading; a lack of active participation can signal potential market adjustments, as seen in the liquor sector where price rebounds lacked institutional interest [6][8] - Different outcomes can arise from similar sudden news based on the level of institutional involvement; for instance, a stock that faced negative news saw a price increase due to prior active institutional trading [8] - The current excitement in the storage chip sector should be approached with caution, focusing on "institutional inventory" data to assess genuine institutional engagement rather than reacting solely to news [10]