The storage concept ETFs collectively strengthened, as of the time of publication, Southern Two-fold Long Samsung Electronics (07747) rose by 26.49% to 131.4 Hong Kong dollars; Southern Two-fold Long Hynix (07709) rose 17.3% to 70.36 Hong Kong dollars. On the news side, as global storage giants' profits soared, AI large model iteration, intelligent computing center scale construction and edge intelligence scenarios are fully penetrating, continuously boosting the demand for domestic AI computing power market. Huayuan Securities stated that the industry is showing characteristics of stable profits for leading enterprises, reduction in losses or even turnaround for second-tier manufacturers, and clear ladder-like growth patterns. In the first quarter of 2026, Cambricon's revenue reached 2.85 billion yuan, a significant year-on-year increase of 159.56%; Haiguang Information's revenue in the first quarter exceeded 4 billion yuan, gathering two major ecological advantages of CPU and DCU; Moirai Thread's net profit attributable to the mother was 29.36 million yuan, a turnaround compared to the previous year; Muxi's revenue increased significantly, consistently verifying the industry's high prosperity. Zhang Ronglangmu, a researcher at Xingzeng Global Fund, pointed out that from the perspective of improving the ability of large models, there is currently no trend of hitting a wall, including many multimodal applications that are still in the stage of gathering strength. In this process, the underlying logic of storage demand has not changed. In terms of the entire industry cycle, the most promising is still the IDM of storage, that is, the storage original factory. In terms of time, when the market is just starting, it tends to favor module manufacturers, and the next stage will focus on equipment companies that benefit.