瑞银亚洲硬件2026年展望：掘金上游组件与代工厂，规避高成本品牌商

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智通财经APP获悉，瑞银发布研报表示，2026年将是AI供应链强劲增长的又一年。随着超大规模云服务商资本开支的持续扩张、AI硬件技术的快速更迭以及组件供应链的紧平衡，亚洲硬件行业正迎来新一轮的发展机遇。超大规模云服务商资本开支保持强劲报告预测，2026年全球顶级云服务商的资本支出预算将实现34%的同比大幅增长，达到约4240亿美元。这一动力主要源于云服务和互联网业务的持续扩张，其中云服务收入...

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。受存储器高价影响，瑞银下调了2026年PC出货量预测，预计该年度有4%的衰退。智能手机增速也因大宗商品价格上涨而放缓至2% 。青睐AI硬件和组件供应商瑞银认为，2026年股价的驱动因素仍将是销售和盈利增长，而非进一步的估值扩张，该行仍然认为最佳机会存在于那些能充分受益于AI服务器上量、并能提升单机价值或附加值的供应商中。其看好的股票包括服务器ODM厂商(广达、鸿海、纬创、纬颖)和组件供应商(台达、健策、AVC)，以及在镜头领域受益于折叠屏和可变光圈规格升级的大立光。考虑到较高的投入成本(尤其是存储)，瑞银对品牌公司(华硕、联想、技嘉、微星)以及较少受益于AI服务器的ODM和组件公司(仁宝、和硕、英业达、景硕)持更为谨慎的态度。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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