研报掘金丨国海证券：维持澜起科技“买入”评级，或受益于CPU与GPU比例的提升

Core Viewpoint - Guohai Securities report indicates that Lanke Technology is expected to achieve a year-on-year net profit growth of 52.29% to 66.46% by 2025, driven by increased shipments of interconnect chips [1] Group 1: Company Performance - Lanke Technology is positioned as a leading player in the Retimer chip market globally, focusing on deep integration of CXL technology [1] - The demand for memory interconnect chips is anticipated to rise due to the increasing ratio of CPU to GPU, benefiting Lanke Technology in the AI era [1] Group 2: Industry Trends - The ongoing iteration of memory interconnects is being driven by AI inference, which is expanding the demand for HBM and DRAM while simultaneously increasing the requirements for CPUs [1] - AMD projects that its AI server CPU market will grow from approximately $8.2 billion in 2025 to around $30 billion by 2030, indicating significant growth potential in the sector [1]