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焦点新闻
行业更新 | 中国资讯科技硬件
2026年第2季度的业绩表现参差:受惠于持续的资本支出,人工智能基础设施股录得强劲增长;与此同时,由于记忆体成本受低端Android出货量所拖累,加上人民币升值导致外汇亏损,手机相关供应商表现落后。四大超大规模云端运算服务商2026年的资本支出指引获上调美金300亿元至约美金7,330亿元,而我们预计缺乏弹性的人工智能需求将消化零件价格上涨。维持「跑嬴大市」评级;鉴于目前全行业出现短缺,相比瓶颈交易,我们更看重执行力与供应保障。首选股:FII、ASMPT、NAURA、大族激光。
焦点新闻
行业更新 | 中国资讯科技硬件
2026年第2季度的业绩表现参差:受惠于持续的资本支出,人工智能基础设施股录得强劲增长;与此同时,由于记忆体成本受低端Android出货量所拖累,加上人民币升值导致外汇亏损,手机相关供应商表现落后。四大超大规模云端运算服务商2026年的资本支出指引获上调美金300亿元至约美金7,330亿元,而我们预计缺乏弹性的人工智能需求将消化零件价格上涨。维持「跑嬴大市」评级;鉴于目前全行业出现短缺,相比瓶颈交易,我们更看重执行力与供应保障。首选股:FII、ASMPT、NAURA、大族激光。
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