The demand for PCBs driven by AI has exploded, and high-end materials are in short supply with rising prices. These stocks will directly benefit! Recently, Ding Yu, the president of Nord Holdings Research Institute, admitted: 'The high-end electronic copper foil in the industry is extremely scarce!' This reveals the current situation of the PCB industry chain under the explosion of AI computing power! As the demand in fields such as AI servers, high-speed communication, and robotics surges, the upstream high-end substrates for PCBs are experiencing a comprehensive shortage and price increase. The price of Honghe Technology's low dielectric generation products has reached six times that of ordinary products, and prices continue to rise. Demand explosion: AI servers drive technological upgrades. The requirements for PCBs from AI servers far exceed those of traditional products: · Structural complexity: the number of layers has increased from 12-16 layers to 20-28 layers; · Value leap: the price per machine reaches $8,000-$10,000; · Material upgrade: copper foil is iterating to HVLP5 to meet high-speed transmission needs. As the carrier that directly carries chips, PCBs undertake the critical function of signal transmission, becoming one of the most clearly benefited links in the AI industry chain. Performance verification: Many companies' net profits have surged. The wave of shortages and price increases has directly driven significant performance increases for related companies: · Shengyi Electronics: net profit is expected to increase by 432%-471%; · Jin'an Guoji: net profit excluding non-recurring items has surged by 4700%-6300%; · Huazheng New Materials: net profit increased by 327.86%, with a higher proportion of high-end products. In the context of the explosion of high-end PCB demand driven by AI, the following directions are worthy of close attention: · PCB manufacturing leaders: directly benefit from the increasing demand for AI servers. Related stocks: Shenghong Technology, Pengding Holdings, Hudian Co., Ltd., Shennan Circuit, Guanghe Technology, Jingwang Electronics, etc. · High-end material suppliers: master core technology and enjoy product premiums. Related stocks: Honghe Technology, China National Materials, Feilihua, Defu Technology, Longyang Electronics, Meilian New Materials, etc. · Core equipment manufacturers: layout for domestic substitution and benefit from industrial upgrades. Related stocks: Dazhu CNC, Xinji Microelectronics, Dingtai Gaoke, Dongwei Technology, etc. As the performance of AI hardware continues to iterate, the supply-demand gap for high-end PCB materials may further widen, and companies that layout core materials are expected to gain an advantage in this wave of industrial trends.
