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Glonghui May 7th｜Glonghui reports that the "Six Overseas Storage Giants"—Micron Technology, Western Digital, and Seagate Technology—closed with collective gains. Among them, Micron Technology rose over 4.12%, reaching an all-time high of $667.67, with a total market capitalization exceeding $750 billion; Western Digital rose 3.85%, also hitting an all-time high of $483.87, with a total market capitalization over $160 billion; Seagate Technology gained 2%, closing at $786.42, with a total market capitalization over $170 billion.Currently, the global storage chip industry is in a super boom cycle driven by AI computing power, with explosive demand for HBM, DDR5, and enterprise-level storage. Coupled with highly concentrated supply and lengthy capacity expansion cycles, the industry is facing tight supply and demand alongside rising volume and prices. Overseas giants such as Samsung, SK Hynix, Micron, and SanDisk hold dominant positions in global DRAM, NAND, and high-end storage, leveraging long-term technical accumulation and scale advantages. They have established strong barriers in advanced processes, production capacity, and client certification. (Glonghui)

Reporter from Securities Times: Recently, the International Energy Agency warned that the severity of the ongoing global energy shock may have already surpassed the combined impact of the two oil crises and the 2022 energy crisis. What impact do you think the situation in the Middle East will have on the global energy landscape?Jin Zhijun: The viewpoint of the International Energy Agency is too extreme and overlooks the complexity and resilience of the current global energy landscape. Although short-term oil price fluctuations are inevitable, I believe excessively high oil prices will not persist for long, and the situation in the Middle East will not pose a long-term and significant threat to China’s energy security.The Strait of Hormuz, as the strategic “throat” carrying about 20% of the global oil supply and liquefied natural gas transportation, has an undeniable strategic position. The current shipping disruptions in the Strait of Hormuz will trigger oil price fluctuations and push up international oil prices in the short term. However, this high oil price trend is bound to be temporary, as it does not align with the common interests of the world’s major economies and oil-producing countries.When oil prices exceed $100 per barrel, excessively high prices will accelerate the replacement of fossil fuels by clean energy, ultimately harming the fundamental interests of oil-producing countries. Therefore, neither major oil-consuming countries nor oil-producing countries that rely on oil revenues hope for oil prices to remain at irrationally high levels for long.In the long run, a range of $60 to $80 per barrel is a reasonable price interval that is acceptable to both oil producers and buyers, as well as the upstream and downstream sectors of the oil and gas industry. All parties will work together to guide oil prices back to a relatively rational range.

The explosive growth of AI computing power is causing a disruptive restructuring of global power supply and demand patterns. As the core location for global AIDC construction, the United States is facing an unprecedented power shortage crisis. The severe mismatch between the power grid construction cycle and the AI server deployment cycle, combined with the inherent fragmentation of the U.S. power grid and insufficient cross-region transmission capacity, is driving AIDC self-supplied power from an “optional solution” to a “rigid necessity.” In March 2026, the seven major U.S. AI giants signed the “Electricity Bill Payer Protection Commitment,” clearly stating that “the entire incremental power demand will be self-supplied, and all costs will be self-borne,” officially marking the first year of industrialization for AIDC self-supplied power.