计算机行业点评报告：CPU涨价，CPU有望在Agent时代迎来大周期

东吴证券02-02

（以下内容从东吴证券《计算机行业点评报告：CPU涨价，CPU有望在Agent时代迎来大周期》研报附件原文摘录）投资要点CPU供应不足，供应商预计将上调价格：受超大规模云厂商需求驱动，英特尔与AMD计划于2026年上调服务器CPU价格10%-15%。为确保利润，英特尔将核心先进制程产能大规模从消费端转向服务器，导致全球PC交付保证率大幅下滑，低端PC市场将面临供应不足。AI热潮抬升原材料，CPU...

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