The year 2024 is coming to an end, and this year has not been as bright for the crypto market as imagined. Bitcoin has not surpassed the rise of precious metals, and Ethereum has also failed to outperform the A-share index, which is somewhat surprising.

AI has become the real dark horse, igniting a super cycle. First, GPUs became hot commodities, with prices soaring, and now it's the turn of memory chips to take over. From the middle of the year until now, the price of memory has risen nearly 300%—memory sticks that used to cost 800 have now been quoted at several times that. This rate of increase would make even gold and US stocks bow down, let alone Bitcoin.

Interestingly, the financial attributes of this wave of hardware assets are unexpectedly prominent. They not only outperform traditional financial assets but also illustrate what it means to be "perfectly positioned" — there is a genuine demand for industrial upgrades, the supply side is temporarily unable to keep up, and price increases have become inevitable.

From the current industrial trends, this trend is far from over. In the coming year and even longer, the AI chip industry chain will continue to be the focus of capital attention, and there is still much value to be explored in the configuration of related hardware.