Core Viewpoint - The electronic industry is experiencing upward inflation driven by AI demand, leading to a positive resonance in the storage cycle and growth [2] Group 1: Market Performance - The Shanghai Composite Index rose by 2.88% in the past week, influenced by improved expectations regarding the US-China tariff negotiations and the emphasis on domestic technology development from the Fourth Plenary Session [2] - The electronic sector increased by 8.49%, with sub-sectors such as components rising by 12.84% and optical optoelectronics by 4.04% [2] - Concurrently, the Hang Seng Tech Index, Philadelphia Semiconductor Index, and Taiwan Information Technology Index rose by 5.20%, 2.94%, and 0.70%, respectively [2] Group 2: Storage Prices and Trends - The spot price of 512Gb/1Tb Flash Wafer has increased by over 25% since September [3] - The price of 1TB PCIe 4.0 SSD has risen by more than 20% since September due to rising costs and resource control [3] - The demand for enterprise-level storage is increasing, leading to a comprehensive rise in storage prices, with domestic storage manufacturers expected to benefit from this trend [3] Group 3: Company Performance and Recommendations - TI's Q3 2025 revenue reached $4.742 billion, a year-on-year increase of 14.2% and a quarter-on-quarter increase of 6.6%, nearing the upper limit of guidance [4] - PCB industry performance has exceeded expectations, with companies like Dingtai High-Tech and Dazhu CNC reporting significant revenue growth driven by AI demand [5] - The capital expenditure for CSP is expected to exceed $520 billion by 2026, driven by the rapid expansion of AI server demand [5] - Recommendations include companies with strong positions in the domestic storage and semiconductor sectors, such as Jiangbolong, Demingli, and others [3][5]