According to CoinMeta, a research report by China Merchants Securities indicates that through the analysis of Microsoft's and SK Hynix' financial reports, the AI industry is currently facing supply constraints, with no signs of overall oversupply yet. Large technology companies are increasing their investment in AI infrastructure, leading to growing demand for additional supplies from customers. There is a lack of evidence in financial reports to support market concerns about an oversupply of AI computing power. The utilization rate of Microsoft's computing power and SK Hynix' order situation show that industry contradictions are manifested in insufficient supply of high-performance computing power, advanced storage, and data center supporting services.