SINOLINK SECURITIES·2026-01-27 07:45Industry Trends - The EU's revised Cybersecurity Law is expected to maintain a shortage of storage chips until 2027, with improvements anticipated in 2028[12] - Storage chip prices are projected to rise by approximately 20% in Q2 2026, following significant increases in Q1 2026 (DRAM up 55-60%, NAND Flash up 33-38%) due to strong AI demand[13] - The global storage chip market is forecasted to reach $551.6 billion in 2026, a 134% year-on-year increase, and $842.7 billion in 2027, a 53% increase[13] Financial Performance - Intel's Q4 2025 revenue was $13.7 billion with a non-GAAP gross margin of 37.9%, but Q1 2026 revenue is expected to decline to between $11.7 billion and $12.7 billion due to supply constraints[24] - OpenAI's annual revenue for 2025 has surpassed $20 billion, a significant increase from $6 billion in 2024, driven by expanded computing capabilities[15] - Anthropic's annual revenue has increased from approximately $4 billion in mid-2025 to over $9 billion by the end of 2025[16] Market Developments - Major companies like OpenAI, Apple, and ByteDance are actively developing AI applications, with OpenAI planning to test ads in ChatGPT and launch its first AI device in late 2026[18][19] - Alibaba is considering spinning off its chip design subsidiary, T-Head, into an independent company to enhance its competitiveness in the AI sector[29] - The Gemini API usage by Google has more than doubled to 85 billion calls, with enterprise subscriptions reaching 8 million, indicating strong growth in AI model applications[30]