Cash and silver: Semiconductor back-to-health correction confirming buy-in rating for Light

On 8 July, the latest semiconductor industry report on United States silver securities noted that the recent recall of semiconductor stock was part of a normal market correction rather than a signal of weak demand from AI. Historical experience has shown that semiconductor units are often organized during the summer, and that a new wave of rebounds tends to take place in the autumn, pending completion of the market for profit and revision of the valuation. The report predicts that global cloud computing and AI capital expenditure will approach $1.5 trillion by 2027, an increase of approximately 40 to 50 per cent over current levels. In the case of memory chips, the Bank believes that, with the continued expansion of HBM, DDR5 and enterprise-level storage needs, coupled with the continued mobilization of DRAM and NAND Flash requirements by the AI server, the memory industry will remain an important beneficiary of the AI investment wave, and the valuation of the restoration space remains clear. The Bank reaffirmed its “buy-in” rating for American light and maintained its target price of $1550, considering that the company remained the most attractive investment target in the current memory industry。