北美大厂AI开支加速，半导体设备ETF（159516）午后涨超2%，资金抢筹布局，近20日资金净流入超100亿元

Core Viewpoint - North American companies are exceeding expectations in AI spending, with Meta projecting significant capital expenditure growth by 2026 and Microsoft reporting a 66% year-on-year increase in Q4 2025 capital expenditure, indicating sustained strong demand for AI [1] Group 1: AI Demand and Industry Performance - The strong demand for AI is driving continuous performance growth in the storage industry, with SanDisk providing an optimistic earnings guidance that surpasses expectations [1] - The trend of rising prices for copper-clad laminates and storage chips shows strong sustainability, benefiting from robust AI demand [1] - AI-driven demand is leading to a simultaneous increase in both price and volume for PCBs, with multiple AI-PCB companies experiencing strong orders and operating at full capacity, indicating a potential for sustained high growth [1] Group 2: Semiconductor Equipment and Supply Chain Dynamics - The semiconductor equipment sector is experiencing stable upward momentum, driven by advanced logic processes and HBM-related DRAM applications [1] - The intensification of sanctions is contributing to a continued trend of de-globalization in the industry, with a focus on self-sufficiency and domestic validation of equipment, materials, and components accelerating in downstream applications [1] - Overall, there is a positive outlook for AI copper-clad laminates, PCBs, core computing hardware, semiconductor equipment, and the Apple supply chain [1] Group 3: Semiconductor Equipment ETF - The semiconductor equipment ETF (159516) tracks the semiconductor materials and equipment index (931743), focusing on the materials and equipment sectors within the semiconductor industry [1] - The index includes publicly listed companies involved in the research, production, and manufacturing of semiconductor materials and equipment, reflecting the overall performance and development status of the upstream semiconductor industry [1]