**[Analyst: Changxin's Stock Soars on First Trading Day, But Unlikely to Alter Global DRAM Competition Landscape]** Odaily Planet Daily News – Milk Road AI analyst posted an analysis on X regarding the surge in Changxin Technology's stock price. The analyst noted that in less than a year, Changxin Memory's global DRAM market share has risen from under 4% to approximately 7.7%-8%. Its revenue in the first quarter of this year grew 719% year-on-year to 50.8 billion RMB. This growth was primarily driven by Samsung, SK Hynix, and Micron reallocating more production capacity to AI server storage (especially HBM), leading to a supply gap in the traditional DDR5 and LPDDR5 markets, which Changxin Memory capitalized on to meet mid-to-low-end DRAM demand. However, Changxin Memory's current production capacity is far from sufficient to meet global demand. Its monthly wafer production capacity is approximately 290,000-320,000 units, significantly lower than Samsung's roughly 630,000 units and SK Hynix's approximately 500,000 units. Additionally, U.S. restrictions on the export of advanced lithography equipment are limiting Changxin Memory's ability to expand further. The analyst believes that Changxin Memory is unlikely to enter the HBM market in the short term, and thus will not alter the supply-demand dynamics of AI storage. Samsung, SK Hynix, and Micron are expected to maintain their advantages in high-margin products such as HBM, server DRAM, and LPDDR5X. The global storage shortage cycle may continue.