花旗：台湾电子与半导体_ 台湾科技行业月度追踪 - 4 月销售基本符合预期，人工智能供应链持续表现强劲

V i e w p o i n t | Taiwan Technology Sector Monthly Tracking – April Sales Largely on Track, AI Supply Chain Continues Showing Strength CITI'S TAKE Despite robust April sales, due to significant NTD appreciation in May, we would expect monthly sales revenue to peak out in April and 2H outlook to be bumpier given some early order pull-in in 1H25 as well as the tariff uncertainty. We understand investors' concerns on upstream and downstream shipment mismatch in AI GPU/accelerator and the rack shipment. With ...