In the past, the A-share super track erupted all over the line, and AI led the chip industry to enter a high boom cycle

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In the morning trading today (March 8), A-share fluctuated slightly, and all major stock indexes fluctuated around their important integer thresholds.

On the panel, AI mobile phones, memory chips, BC batteries, liquid cooled servers and other sectors led the increase, while tourism, hotel catering, prefabricated dishes, real estate and other sectors led the decline.

AI drives the chip industry into a high boom cycle

Chip concept stocks strengthened all over the board in the morning. Among them, the large volume of the memory chip plate rose nearly 4%, hitting a new stage high, with Tongyou Technology, Juchen Shares, etc. leading the increase; The auto chip sector also rose by more than 2%, with Yutai Micro and others leading the way; NVIDIA concept, MCU chips, third-generation semiconductors and other related sectors followed the trend of increase, while Ruisconda and other related sectors rose by the limit.

The overnight American AI chip giant Nvidia rose 4.47% again, its share price broke through $900 for the first time and hit a record high, with a turnover of $53.17 billion. The latest market value has exceeded $2.32 trillion, and the gap with Apple's total market value ($2.61 trillion) has narrowed to less than $300 billion. Driven by Nvidia, chip stocks in the United States performed strongly, with TSMC up 5.39%, Qualcomm up 4.66%, and Intel up 3.68%.

With the rise of the AI boom, the chip industry has rapidly moved from a recession cycle to a boom cycle. According to the prediction of WSTS (World Semiconductor Trade Statistics Association), the memory chip market will grow by 44.8% year on year in 2024. Compared with traditional memory chips, the market demand for high-end memory chips HBM and DDR5 is growing more rapidly.

Jibang Consulting believes that DRAM and NAND prices are expected to rise for the fourth consecutive quarter. It is predicted that the median increase of DRAM from the first quarter to the fourth quarter of 2024 will be 15.5%, 5.5%, 10.5% and 10.5% respectively; The median increase of NAND in the quarter was 20.5%, 5.5%, 10.5% and 2.5% respectively.

The world's chip giants have increased investment to expand production capacity. SK Hynix plans to invest more than $1 billion in South Korea this year to expand and improve the final link of chip production. SK Hynix said that promoting packaging process innovation is the key to improving HBM performance and reducing power consumption, and it is also the only way for SK Hynix to consolidate its leading position in HBM market. Samsung, Micron and other major international memory chip manufacturers are also actively expanding production.

According to the State Investment Securities, with the rapid development of AI industry, computing infrastructure such as data centers, AI chips, servers and other electronic components such as chip inductors are required to be improved. Focus on the targets with relevant business layout in soft magnetic material link, soft magnetic powder core link and chip inductance product link.