研報掘金丨招商證券:首予麥格米特“增持”評級,持續深耕具有潛力的大賽道
招商證券研報指出,麥格米特(002851.SZ)持續深耕具有潛力的大賽道,實行多元化業務佈局。目前已經形成六大業務矩陣。在AI服務器領域,公司深佈局較早,適配GB200系統的PSU電源已深入英偉達供應鏈,並圍繞大客戶進行了產品拓展。公司主業有基礎,有望通過AI領域的突破邁向新臺階。隨着AI行業的蓬勃發展,智算需求顯著增長;同時,智算數據中心單櫃功率大幅提升,大功率服務器電源的壁壘也更高。首次覆蓋,給予“增持”評級。
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