订单接到手软，分红分到贫血！PCB“卖铲人”的运势与悲歌

Group 1 - The core viewpoint of the article highlights that the demand for underlying hardware such as AI servers, optical modules, and switches is rising due to the explosion of AI applications driven by open-source large models like DeepSeek, leading to a new high prosperity cycle in the PCB (Printed Circuit Board) industry chain [3] - PCB manufacturers are expanding production and stockpiling, indicating a competitive "arms race" within the industry [3] - Equipment manufacturers in the upstream of the PCB industry chain are positioned as the most reliable "shovel sellers" during this industrial gold rush, suggesting a strong investment opportunity in this segment [3]