Since the start of the year, a sharp increase in AI demand has propelled global memory prices upward. Combined with consistent policy backing from China, the A-share semiconductor sector has experienced a significant rise, mirroring trends in the U.S. stock market. This growth has drawn in a steady influx of both domestic and international capital via Exchange-Traded Funds (ETFs). Nonetheless, as the sector's profits have mounted, market fluctuations have become more pronounced. At present, institutional analysts suggest that while the semiconductor industry might encounter short-term overvaluation and correction pressures, in the medium to long run, the global tech boom spearheaded by AI is propelling the industry into a fresh growth phase. Amidst the backdrop of expedited localization efforts and enhanced supply-demand dynamics within the industry, firms possessing core technologies and ecological strengths are poised to keep reaping the benefits, with the sector's enduring growth rationale still evident.