AI再提速：数据中心短距传输场景下AEC需求高增，如何看待产业节奏和受益方向

Key Points Industry and Company Involved - Industry: Active Optical Cable (AOC) market, specifically focusing on AEC (Active Electrical Cable) - Company: AEC product providers, including domestic and international players like Anixter, Molex, Newland, Lumentum, Broadcom, and Ruckus Networks Core Views and Arguments - AEC Product Description: AEC is a copper-based cable solution with retimer chips at both ends for signal recovery and adjustment, allowing for thinner cables in high-speed scenarios compared to DAC (Direct Attach Copper) [doc id='2'][doc id='3'] - Market Demand: AEC is gaining traction in data centers, particularly among cloud providers like AWS, Microsoft, and Tesla, with a projected market growth of 2 billion USD in 2025 [doc id='5'] - Cost Reduction: AEC is considered a cost-effective solution for short-distance interconnects in data centers, offering a competitive edge over traditional solutions like DAC [doc id='4'] - Product Structure: The market is expected to be dominated by 400G AEC in 2025, with 800G AEC starting to gain traction from the second half of the year [doc id='9'] - Supplier Landscape: International players like Anixter and Molex are currently leading the market, while domestic players like Newland, Lumentum, Broadcom, and Ruckus Networks are catching up [doc id='10'] Other Important Content - Technology Roadmap: The industry is progressing on different technical routes, with uncertainty regarding the specific AEC solution chosen by companies like NVIDIA [doc id='7'][doc id='8'] - Investment Opportunities: The AEC market presents several investment opportunities, with specific stock recommendations available for private discussions [doc id='12']