Global storage leaders SK Hynix, Micron Technology, SanDisk, and Samsung continue to surge; on the other hand, market demand for CPUs is also growing rapidly, and Intel and AMD have completely blown up, too.

The reason this has surged over just the past two days is that the AI-related quarterly reports released by various major companies generally came in above expectations. For example, storage leader SK Hynix: in the first quarter, profit was 1750 billion (RMB), with a full-year forecast of 1–1.3 trillion. This figure would stun anyone—an enterprise that earns more than 1 trillion in a year, with a profit margin exceeding 70%, is simply out of its mind.
SK Hynix gives employees bonuses at a fixed ratio of 10% of net profit. Last year, the average per person was more than 600,000 yuan; this year, the expectation is to pay more than 3 million, still based on a conservative estimate.
The storage industry has high barriers to capacity expansion, as well as high technological barriers. Currently, the three major players (SK Hynix, Samsung, Micron) monopolize 90–95% of market share. China’s CXMT (Changxin Storage) already has about a 3% market share, which is enough to be the fourth largest globally—but within the next 5 years, it will be difficult to catch up. So, in this cycle, they can only watch helplessly as the Koreans and Americans earn huge profits: they comfortably control supply, raise prices, and win big—really.