Group 1: Semiconductor Sector Insights - The "14th Five-Year Plan" focuses on domestic key core technology areas, with equipment being a direct beneficiary. Short-term AI computing power demand is driving expansion among domestic and foreign logic and storage chip manufacturers, leading to strong demand for etching and thin film deposition equipment. Long-term, the localization process under the "14th Five-Year Plan" technology self-reliance strategy is more solid [1] - The semiconductor supercycle is expected to be driven by general artificial intelligence, with a forecast of a 100,000-fold increase in total computing power by 2035. Continuous optimism for AI driving the semiconductor supercycle across the entire industry chain, with key stocks including SMIC, Hua Hong Semiconductor, and Cambrian [2] - AI-generated massive data is impacting global data center storage facilities, leading to a significant supply shortage of Nearline HDDs. This is prompting flash memory manufacturers to accelerate the production of ultra-large capacity Nearline SSDs, making high-performance SSDs a market focus [3] Group 2: Storage Market Dynamics - AI demand is significantly increasing storage needs, resulting in a substantial rise in storage prices. The transition of storage manufacturers to HBM, DDR5, and large-capacity NAND is causing higher price increases for DDR4 and small-capacity NAND, further driving up storage prices due to downstream stockpiling demand. The storage market's favorable conditions are expected to persist due to strong growth in AI computing power demand [4] - The technology sector, represented by AI, is expected to continue leading the market. Companies like Haiguang Information and Cambrian have reported significant performance increases, with ample inventory reserves, indicating a sustained high growth trend for the year [5]