Group 1 - The A-share market experienced a rise and subsequent decline, with sectors such as servers, optical modules, medical devices, and GPUs leading the gains, while rare earth concepts faced significant losses [1] - The latest report from China International Capital Corporation (CICC) highlights that the upgrade of AI computing hardware architecture is driving rapid growth in demand for high-end HDI and high-layer boards, with global computing power demand undergoing systematic expansion [1][2] - CICC estimates that the AI-related PCB market size is expected to reach $5.6 billion in 2025 and $10 billion in 2026 [1] Group 2 - On the supply side, PCB production capacity is accelerating, but the efficiency of capacity release is lagging behind the growth rate of AI demand, leading to a sustained supply-demand gap in the medium term [2] - North American cloud vendors are continuing to expand capital expenditures, indicating strong demand for AI computing power, which is expected to benefit the domestic computing power supply chain significantly [2] - The cloud computing 50 ETF (516630) tracks an index with a high AI computing content, covering popular computing concepts such as optical modules, computing leasing, data centers, AI servers, and liquid cooling [2]
机构称全球算力需求呈系统性扩张,服务器、光模块CPO等概念早盘活跃
Mei Ri Jing Ji Xin Wen·2025-08-12 03:13