未知机构：强推A股存储设备华西机械1昨天美股存储板块原厂模组-20260213

Summary of Key Points Industry: Storage Devices - The US storage sector (including manufacturers, modules, and equipment) experienced a significant increase recently, reinforcing the previous viewpoint that after a substantial rise in global storage, there will be a period of volatility. The slowdown in spot prices may lead to the first wave of profit-taking, but a significant correction is unlikely as the valuations of SK Hynix and Micron remain below 10X [1] - Under the trend of the AI industry, the fundamentals of storage are expected to continuously exceed expectations. Although the valuations of storage manufacturers cannot be directly compared to TSMC, they are anticipated to gradually shift from current cyclical valuations to growth valuations. This represents a discrepancy in expectations, with potential to break through 10X, and even reach 15X, marking the second wave of market activity after the volatility [1] Company: Teradyne - Teradyne's stock rose by 5.4% recently, with a market capitalization surpassing $50 billion. The stock has been reaching new highs, with a year-to-date increase of 66%. The logic behind the backend testing equipment industry is confirmed, representing the largest discrepancy in expectations for this round of hard technology [2] - Other companies in the front-end equipment sector, such as LAM, KLA, and AMAT, also saw significant increases, with year-to-date gains ranging from 30% to 40%. Semiconductor equipment has been the best-performing asset class within the SOX index [2]