The AI boom is spreading from HBM to traditional storage, are Korean chip stocks ushering in a "super cycle"?

According to the Zhitong Finance and Economics APP, this month, the stock prices of the two largest chip manufacturers in South Korea have significantly risen, with their market value increasing by over 100 billion US dollars. This upward trend is expected to continue as the artificial intelligence boom spreads to the relatively subdued technology sector. Analysts have raised their target for the Korean won exchange rate by about 30% this quarter. Morgan Stanley predicts that due to a supply-demand imbalance expected to occur next year, the memory market will enter a "super cycle". Nevertheless, these stocks are still considered relatively low-priced, and increased investment activity from overseas funds is also expected.