Xuan Gu Bao·2025-07-17 02:53Group 1: Market Performance - The PCB and copper-clad laminate sectors have shown strong performance, with companies like Guanghe Technology, Mankun Technology, and Dongshan Precision hitting their daily price limits [1] - Guanghe Technology's latest price is 66.35, reflecting a 10.00% increase, while Mankun Technology's price is 39.88, showing a 20.01% increase [2] Group 2: Industry Events - NVIDIA's CEO Jensen Huang announced at the Chain Expo that there are many orders for the H20 chip, with companies awaiting formal shipping notifications [3] - Huang mentioned that it will take time to enhance the supply chain capacity for the H20 chip, with efforts to accelerate this process in the coming months [3] Group 3: Company Performance - Shengyi Technology forecasted a net profit of 5.112 billion to 5.491 billion, representing a growth of 4.32 to 4.71 times, driven by increased sales and optimized product structure [4] Group 4: Institutional Insights - Demand for PCBs is rising due to capital expenditures from major cloud service providers, particularly driven by NVIDIA's AI server needs and ASIC demand [5] - The rapid rollout of NVIDIA's Blackwell and the strong development of ASICs are expected to sustain robust demand for AI-PCBs, with many companies experiencing full production and sales [5] - The potential market size for AI server CCL/PCB has been updated to $2.3 billion and $5.3 billion for 2025, and $8 billion and $17.4 billion for 2027, indicating a compound annual growth rate of 88% and 80% respectively [5] - Copper-clad laminates (CCL), as a core material for PCBs, are positioned as primary beneficiaries in the supply chain, with significant upgrades in dielectric performance and thermal stability [5]