和讯投顾吴钰莹：科技接着奏乐接着舞

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朋友们最近想必都被半导体涨价的消息刷屏了，今天这家企业发布调价函，明天那家企业宣布涨价。但要提醒大家一句，即便看起来产业链各个环节都在涨价，最终真正受益的其实就那几个方向。首先我们先理清这一轮涨价的核心逻辑，本质就是供需失衡。近期智能体等爆款应用层出不穷，算力消耗呈现指数级增长，再加上数据中心等基建持续扩张，直接导致芯片用量达到了去年同期的两倍。供给端方面，产能却在收缩，部分大厂关停了一部分成熟...

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