硬件与网络 - 2026 年展望：AI 将持续带来红利；盈利增速或超投资者预期；首选标-ANEHardware & Networking-2026 Outlook AI Genie Will Keep Giving Boons; Look to EPS Upside Relative to Investors Pricing in Only Modest Acceleration; Top-Picks ANET, APH

J P M O R G A N North America Equity Research 15 December 2025 Hardware & Networking 2026 Outlook: AI Genie Will Keep Giving Boons; Look to EPS Upside Relative to Investors Pricing in Only Modest Acceleration; Top-Picks ANET, APH We have a favorable view on AI stocks for another year heading into 2026 and believe investors should stay the course with their positioning in the sector, as well as stocks positioned to be key AI beneficiaries; albeit, with a different rank order within the AI beneficiary group. ...