Tianfeng Securities: AI storage revolution has arrived, "using storage instead of computation" opens a new era of storage.

Tianfeng Securities research report pointed out that in order to break through the bottleneck of computing power and the constraints of the "storage wall", the emergence of "storage instead of computing" as a disruptive technological paradigm. This technology migrates vector data from expensive DRAM and HBM video memory to large-capacity, cost-effective SSD media in the AI reasoning process, achieving a strategic expansion of the storage layer from memory to SSD, rather than simple replacement. Its core value lies in significantly reducing the latency of the first token, improving reasoning throughput, and greatly optimizing the end-to-end reasoning cost, providing a feasible path for the large-scale landing of AI. The AI storage revolution is here, "storage instead of computing" has spawned core opportunities, significantly saving computing power consumption, accelerating AI reasoning, and driving SSD demand growth faster than the traditional curve.