SICC (02631) surged more than 12% again, reaching a high of HK$122.8 to refresh its listing record, with its share price doubling so far this month. As of the time of writing, the stock was up 12.04% at HK$121.9, with a turnover of HK$1.015 billion. On the news front, overnight, Wolfspeed, a leading overseas silicon carbide (SiC) company, surged over 16%, with its share price also doubling within the month. According to reports, on May 13, a significant report released by the globally renowned AI supply chain research firm Citrini thoroughly ignited the silicon carbide (SiC) sector in the global capital markets. Citrini's report explicitly identified silicon carbide as the most undervalued core theme in the AI field. The core of the report pointed out that AI power and AI infrastructure complement each other and are the core support for the development of the AI industry, with silicon carbide being the key incremental factor in AI power. Whether in terms of efficiency requirements, technological compatibility, or industry chain maturity, silicon carbide possesses irreplaceable advantages in AI high-voltage power scenarios. Public information shows that in 2025, SICC's market share of conductive silicon carbide substrates reached 27.6%, surpassing Wolfspeed to become the global leader. Among these, the company's market share for 8-inch silicon carbide substrates was particularly dominant at 51.3%. Huayuan Securities previously noted in a research report that considering the company's capability for mass production of 8-inch SiC substrates, it is expected to benefit from the recovery of the SiC substrate industry and experience demand growth.