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中信里昂:中國AI主要供應商續受惠相關資本開支增長
中信里昂中國科技行業研究主管張欽銳表示,全球人工智能龍頭公司的中國主要供應商,應會持續受惠於北美雲服務提供商的穩健人工智能資本開支增長。
他相信,這亦將惠及中國的人工智能子行業,包括人工智能伺服器、PCB、液冷系統、光學傳輸器、電源管理等。
張欽銳提到,投資者就關稅對蘋果供應鏈影響的憂慮已大幅減輕,而iPhone17及18的升級應該會推動蘋果供應商的增長。
他續指,市場對iPhone的信心亦因應關稅談判的進展而逐漸增強,特別是在今明兩年。
他認爲,中國在供應鏈方面擁有優勢,涉及集羣供應鏈、專利、基礎設施等範疇。因此,雖然有部分公司選擇在中國以外的地方建立生產基地,然而,除非有特別計劃,否則中國仍然是公司首選的生產地。
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