Group 1 - The core viewpoint is that strengthening memory prices are driving an upward revision of the semiconductor equipment bull market scenario for 2026 to $50 billion, compared to the previous estimate of $43.8 billion, indicating potential EPS growth of approximately 7% for LAM and 5% for AMAT in 2026 [1] Group 2 - The 2026 DRAM demand growth expectation has been raised to 22%, corresponding to a projected DRAM equipment investment of $35 billion; NAND demand growth has been revised up to 26%, with equipment investment expected to reach $15 billion [3] - Although capital expenditures are unlikely to see significant short-term increases in the second half of 2025, the tight balance of NAND supply and demand, along with the trend of eSSD replacing HDD, is reinforcing the likelihood of increased investment in 2026 [3]