【国信电子胡剑团队|0811周观点】GB系列机柜出货预期有所上修，晶圆代工订单展望乐观

Core Viewpoint - The semiconductor industry maintains a high level of prosperity, with positive expectations for the analog and memory sectors, driven by strong demand in North America and adjustments in supply chain forecasts for 2026 [3]. Group 1: Market Performance - The Shanghai Composite Index rose by 2.11%, while the electronics sector increased by 1.65% over the past week, with the consumer electronics sub-sector seeing a notable rise of 4.27% [3]. - The Hang Seng Tech Index, Philadelphia Semiconductor Index, and Taiwan Information Technology Index also experienced gains of 1.17%, 2.72%, and 2.90%, respectively [3]. Group 2: Industry Trends - The recent surge in computing power in North America has become a key driver of market sentiment, particularly benefiting the switch and server industries due to changes in network architecture influenced by ASIC trends [3]. - Supply chains have recently revised upward their shipment forecasts for NVIDIA's GB series products for 2026, reinforcing the high growth trend in the computing chain [3]. - TSMC anticipates sustained strong demand for AI, with a moderate recovery in non-AI demand, leading to an upward revision of its annual revenue growth forecast from approximately 25% [3].