Tianfeng Securities Research Report pointed out that in order to break through the bottleneck of computing power and the restriction of "storage wall", "memory-based computing" came into being as a disruptive technology paradigm. This technology realizes the strategic expansion of the storage layer from memory to SSD by migrating vector data (such as KVCache) in the process of AI inference from expensive DRAM and HBM memory to large-capacity and cost-effective SSD media, rather than simple repla...