Institution: The MLCC price cycle has reached a key inflection point for an upward reversal.
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```htmlGolden Ten Data reported on May 18th that, according to the latest survey by TrendForce, strong demand for AI chips is causing supply shortages in high-end MLCCs and reducing supply for consumer MLCCs, prompting some agents to engage in precautionary stockpiling, while suppliers respond by adjusting prices. Recent negotiations between ODMs and suppliers also show that the average decline in overall MLCC prices has reached its lowest level in nearly three years, indicating that the MLCC price cycle is at a key turning point toward reversal and upward movement.```
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