AI驱动存储格局逆转，设备需求确定性强化，半导体设备ETF（561980）直线拉升涨超2.5%！

Core Signal - SK Hynix has indicated a significant shift in the global memory chip industry, stating it has transitioned to a seller's market with DRAM and NAND flash inventory levels at historical lows of approximately 4 weeks, leading to unmet demand from all customers [3] - The company's high bandwidth memory (HBM) capacity for 2026 is fully sold out, and the supply of standard DRAM remains tight, enhancing the bargaining power of manufacturers [3] - Due to the rigid demand from AI infrastructure and supply constraints, SK Hynix predicts a quarterly price increase for memory chips starting in 2026 [3] Industry Transmission - The semiconductor cycle is expected to rise from 2025 to 2026, driven by AI, with domestic wafer fabs operating at full capacity and price increases already observed in certain process nodes [4] - The surge in demand for AI servers has led to a severe shortage in packaging and testing capacity, prompting manufacturers to raise prices [4] - A systemic price increase is occurring across the entire semiconductor industry, affecting upstream wafer manufacturing, packaging, testing, and downstream products like storage chips and power semiconductors [4] High Rebound Sharpness - The semiconductor equipment ETF (561980) tracks the CSI semiconductor industry index, with over 90% weight in upstream sectors, and the top ten constituent stocks accounting for about 75% [6] - As of February 24, the ETF has a total size of 3.516 billion, with a net inflow of 9.21 million on that day [6] - Since 2020, the CSI semiconductor index has increased by 277%, significantly outperforming other semiconductor indices, indicating a stronger rebound and potential resilience in the upcoming semiconductor cycle [6][7]