Investment Rating - The report maintains an "Overweight" rating for the electronic industry [3][10]. Core Insights - The demand for eSSD is rapidly increasing, driven by the growth in data centers and AI infrastructure investments, which is expected to sustain high demand for NAND storage products [7][8]. - The electronic industry has shown a recovery in consumer electronics, with new foldable smartphones being released and advancements in AI technology driving high demand for AI infrastructure [9][10]. Market Performance - The electronic industry index decreased by 0.09% last week, underperforming the CSI 300 by 0.92 percentage points [12]. - Year-to-date, the electronic industry index has increased by 47.96%, outperforming the CSI 300 by 29.05 percentage points [12]. Valuation Metrics - The electronic sector's PE (TTM, excluding negative values) is at 61.05X, which is in the 43.55th percentile of the past 10 years [6][12]. - The PB (LF) stands at 5.00X, placing it in the 61.35th percentile of the last decade [6][12]. Industry Dynamics - SanDisk reported a quarterly revenue of $2.308 billion for Q1 FY2026, with a 21% quarter-over-quarter growth and a 23% year-over-year growth [7]. - The average selling price of NAND products has seen a mid-single-digit percentage increase, contributing to revenue exceeding expectations [7]. Investment Recommendations - The report suggests focusing on investment opportunities in AI infrastructure, edge SOC, foldable smartphone supply chains, and storage industry chains [10]. - Specific companies to watch in the AI infrastructure sector include Cambrian, Chipone, and Aojie Technology; in the edge SOC sector, recommended companies are Rockchip, Hengxuan Technology, and Lexin Technology [10].

| 名称 | 序号 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | | 上证指数 | 1 | 3938.98 | 16.57 | 0.42% | | 深证成指 | 2 | 13195.25 | 169.81 | 1.30% | | 北证50 | 3 | 1470.49 | 15.12 | 1.04% | | 万得全A | 4 | 6293.82 | 52.42 | 0.84% | | 科创50 | 5 | 1442.98 | 41.72 | 2.98% | | 创业板指 | 6 | 3126.05 | 63.89 | 2.09% | | 沪深300 | 7 | 4636.93 | 30.59 | 0.66% | | 中证500 | 8 | 7215.22 | 72.27 | 1.01% | | 中证800 | 9 | 5068.27 | 38.06 | 0.76% | | 中证1000 | 10 | 7391.06 | 82.96 | 1.14% | 国防军工、芯片、消费电子、通信设备等板块涨幅居前。 今日早盘，A股整体高开走强，上证指数再创10年来新高，上 ...