According to research published by Guotai Junan Securities, the growth in demand within the NAND Flash industry is not merely a short-lived fluctuation; rather, it is a long-term industrial trend propelled by AI applications. It is anticipated that the market value of SSDs will soon outpace that of HDDs, marking the advent of a super cycle in the memory industry. Currently, original manufacturers are strategically reallocating their production capacities towards the server market. This shift has already started to impact the supply available for mobile and PC sectors. Consequently, it is expected that the prices of consumer-grade NAND will swiftly converge with those of enterprise-grade products. The consumer market, in this context, is more inclined to passively accept memory prices, and the ensuing price elasticity is likely to surpass that of enterprise-grade memory. Moreover, there has been a recent uptick in demand for high-capacity NOR Flash, resulting in a notable surge in quotations. Guotai Junan Securities has accordingly assigned an 'overweight' rating to the industry.