Mei Ri Jing Ji Xin Wen·2025-08-20 04:51Group 1 - The A-share market showed mixed performance, with the Shanghai Composite Index rising by 0.12% during the session. Sectors such as small metals, liquor, non-ferrous metals, and gaming saw significant gains [1] - The AI ETF (515070) held stocks like Cambrian, which increased by 2.36%, along with other holdings such as OmniVision, Hikvision, and Inspur Information, all of which also experienced price increases [1] - The global PCB market is projected to reach a value of $73.565 billion in 2024, representing a year-on-year growth of 5.8%. The market is expected to grow further, reaching $94.661 billion by 2029, with a compound annual growth rate (CAGR) of 5.2% from 2024 to 2029 [1] Group 2 - According to CITIC Securities, the demand for printed circuit boards (PCBs) is expected to surge due to the acceleration of AI computing infrastructure development. High-layer boards, high-density interconnect (HDI) boards, and IC substrates are anticipated to see rapid growth in planned output value [1] - Domestic PCB manufacturers are actively expanding high-end production capacity, with leading companies in China expected to invest approximately 41.9 billion yuan from 2025 to 2026 [1] - CITIC Securities believes that domestic PCB equipment manufacturers are well-positioned to capitalize on the AI PCB boom, accelerating the validation of emerging technologies and actively meeting incremental demand, which will lead to an increase in domestic market share and value [1]