Nvidia(US:NVDA) Xuan Gu Bao·2025-08-18 03:08Market Overview - On August 18, the PCB sector experienced a collective surge, with stocks such as Nord Holdings and Founder Technology achieving consecutive gains, while several others hit the daily limit up [1][2]. Price Movement - The PCB index rose by 3.44%, driven by price increase announcements from major manufacturers like 建滔积层板 [2]. - Notable stock performances included: - Nord Holdings (600110.SS): +10.00% to 7.70 - Founder Technology (600601.SS): +10.07% to 7.43 - Nanya New Materials (688519.SS): +20.00% to 65.17 - Yidong Electronics (301123.SZ): +19.99% to 47.29 [2]. Industry Events - The PCB upstream market is witnessing a price surge, particularly in tungsten and key raw materials like copper and glass fabric, which remain high [3]. - Major manufacturers such as 建滔, 威利邦, and 宏瑞兴 have raised prices by 5-10 yuan per sheet as of August 15 [3]. Institutional Insights - Strong demand for AI-PCB is driving the industry chain, with leading manufacturers shifting production capacity towards AI needs. The combination of rising raw material prices and AI demand suggests a sustained price increase for copper-clad laminates, drill bits, and copper foil [4]. - Continuous expansion in PCB production is expected, benefiting from AI computing infrastructure demands. Key insights include: - Exposure equipment accounts for 10-15% of PCB equipment value, with high-end PCBs requiring more precise exposure technology [4]. - Drilling equipment represents about 25% of PCB equipment value, with related consumables also benefiting [4]. - The demand surge in AI is driving both volume and price increases for drill bits, leading manufacturers to expand production [4]. - Electroplating equipment constitutes around 10% of PCB equipment value, with firms adopting multiple technology routes likely to benefit [4].