Jin Rong Jie·2026-02-24 03:03Core Viewpoint - The storage chip sector is experiencing a significant surge due to increased demand driven by the AI boom, leading to a reversal in supply-demand dynamics and an upward price cycle for storage products [2][3]. Group 1: Market Performance - Beijing Junzheng's stock rose over 10%, with other companies like Taiji Industry and Shikong Technology hitting the daily limit, and Wanrun Technology, Baiwei Storage, Lanke Technology, Zhaoyi Innovation, and Shannon Chip also seeing gains [1]. - The top gainers in the market included Delong Laser (+13.25%), Juguang Technology (+12.17%), and Beijing Junzheng (+11.48%) [2]. Group 2: Industry Dynamics - The AI data center construction is accelerating the demand for high-bandwidth storage chips such as DRAM and HBM, with major manufacturers actively controlling ordinary storage capacity to focus on high-end AI storage, optimizing the supply-demand landscape [4]. - SK Hynix reported that its DRAM and NAND inventory has dropped to a low of approximately 4 weeks, with expectations for continued decline throughout the year, enhancing the original manufacturers' pricing power [3]. - Samsung is negotiating the pricing for its latest AI storage chip, HBM4, which is expected to be priced 20% to 30% higher than the previous generation, with an anticipated price of around $700 [3]. Group 3: Related Industries - The storage chip manufacturing sector is set to benefit from the dual increase in product volume and pricing, providing substantial growth potential for companies focused on storage chip R&D and manufacturing [4]. - The chip packaging and testing industry, particularly for high-end HBM chips, will see growth opportunities as the demand for advanced packaging technologies like 2.5D and 3D increases [4]. - The expansion of storage chip capacity and technological upgrades will drive demand for semiconductor materials and equipment, benefiting companies with core technological advantages and accelerating the domestic substitution process [4].