中信证券：英伟达业绩及指引、Google Gemini 3超预期 持续看好AI PCB板块

Core Insights - Recent performance of Nvidia's FY26Q3 exceeded expectations, and the FY26Q4 guidance is also optimistic, indicating strong growth in the AI sector [1] - Google's release of Gemini 3 shows significant improvements in model performance, further supporting the growth narrative in AI [1] Industry Analysis - The AI industry is in an accelerating upward phase, presenting substantial investment opportunities, particularly in the PCB sector, which is closely aligned with AI chip advancements [1] - The PCB sector has seen recent catalysts, leading to a recommendation for key manufacturers within the AI PCB space [1] Investment Recommendations - Focus on leading manufacturers with strong technical capabilities and customer positioning, as well as high earnings certainty [1] - Identify companies with notable marginal changes, actively expanding capacity, and strengthening AI business expectations [1] - Look for benefits from the rising price cycle of copper-clad laminates, which could improve profits, particularly for leading manufacturers of high-end materials [1]