电子行业周报：英伟达AI服务器进展顺利，AI端侧持续推进落地

Investment Rating - The report provides an investment rating for the electronics industry, indicating a cautious outlook for the sector in the upcoming quarters [1]. Core Insights - The report highlights significant developments in various segments of the electronics industry, including advancements in OLED technology, smartphone market dynamics, and innovations in semiconductor manufacturing [3][16]. - It emphasizes the growing importance of Hybrid Bonding technology in HBM (High Bandwidth Memory) products, which could lead to a transformation in the DRAM industry [16]. - The report notes that Samsung is set to launch its next-generation V-NAND with over 400 layers by 2026, showcasing the rapid advancements in memory technology [18]. Summary by Sections 1. Industry News - The panel industry is experiencing shifts with new technologies being adopted, particularly in OLED displays [3]. - The smartphone market is seeing changes in OEM sales shares, with notable competition among brands like vivo and OPPO [12][14]. - The storage industry is focusing on HBM products, with major manufacturers considering Hybrid Bonding for future generations [16]. 2. Market Performance - The report reviews the performance of various industry segments, indicating that the electronics sector has shown mixed results, with some areas outperforming others [3]. - Specific stock performances within the electronics sector are analyzed, revealing trends in investor sentiment and market dynamics [3]. 3. Technology Developments - The report discusses advancements in semiconductor technologies, particularly the adoption of new stacking methods for HBM products, which could enhance performance and efficiency [16][17]. - It also covers the anticipated release of new memory technologies, including Samsung's V-NAND and DRAM innovations, which are expected to push the boundaries of current capabilities [18][19].