The ChiNext rose by 2%, computing hardware stocks rebounded, CPO surged, the Hang Seng Index turned negative, tech stocks continued to adjust, and silver in Shanghai plummeted over 15%
Wallstreetcn·- As of February 3, A-shares opened higher, with the three major indices rising, led by gains in computing hardware stocks and CPO sectors. - The gold sector continued to adjust downwards, while the storage chip concept showed recovery, with U.S. stocks like SanDisk and Western Digital experiencing significant gains. - In the futures market, domestic commodities saw mixed performance, with silver and tin contracts falling, while lithium carbonate and palladium saw notable increases.Open Source Securities: Storage prices rebound + AIDC cycle starts, module manufacturers ride the wave
Zhitong·- The report from Kaiyuan Securities indicates that NAND Flash manufacturers will begin reducing production in Q4 2024, leading to a stabilization of prices by Q2 2025 due to increased demand from consumer electronics. - The growth of data volume is raising the proportion of storage devices in data center procurement, expected to rise from 40% to 50%, driven by AI's demand for high-speed, high-capacity, and high-integration storage solutions. - Major cloud service providers are significantly increasing capital expenditures, with domestic firms also boosting investments in AI infrastructure, supported by government policies to enhance the semiconductor industry.