Core Viewpoint - The article discusses a significant price surge in storage chips driven by the AI boom, marking the beginning of a "super cycle" in the storage chip industry, with prices for certain memory chips increasing by as much as 60% in recent months [4][5]. Industry Overview - The storage chip industry is entering a "super cycle" phase, fueled by the demand for AI data centers, leading to a structural mismatch between supply and demand [5]. - The current price trends for DRAM and NAND Flash are showing a comprehensive upward trajectory, indicating a shift from previous low-demand periods [5]. - The AI infrastructure expansion is closely linked to a historic "AI computing power race," with major players in the market recognizing the onset of a storage super cycle [11]. Company Performance - Companies like Shannon Semiconductor and Demingli have seen substantial stock price increases, with Shannon Semiconductor's stock rising by 514.1% and Demingli's by 334.53% year-to-date [6][7]. - Shannon Semiconductor's revenue for the first three quarters of 2025 reached 26.4 billion yuan, a year-on-year increase of 59.90%, although its net profit slightly decreased by 1.36% [8]. - Demingli reported a net loss of 27.07 million yuan for the first three quarters, with total operating costs rising significantly from 3.098 billion yuan to 6.653 billion yuan year-on-year [10]. Market Dynamics - The storage chip market is currently characterized by a seller's market due to expectations of rising prices, leading to excessive purchasing by downstream companies [11]. - The inventory levels of companies like Jiangbolong and Demingli are notably high, with Jiangbolong holding 8.517 billion yuan in inventory, which may positively impact future earnings [12]. - Despite the current bullish sentiment, analysts caution that the long-term sustainability of high inventory levels may be at risk due to potential market fluctuations and technological advancements [12].