深南电路：AI服务器需求增长，预测一季度营业收入59.44~63.72亿元，同比增长24.3%~33.2%

朝阳永续03-05

Bank of America SECURITIES认为：深南电路凭借在AI服务器/光模块PCB和BT/ABF基板的稳固地位，预期将继续受益于强劲的内存和光模块需求。公司在中国（国内加速器）和美国（AMD、谷歌等）拥有多元化的PCB客户基础，这将继续支持PCB业务的利用率和平均售价。分业务来说：深南电路作为AMD的关键PCB供应商，有望从Meta/AMD交易中获益：Meta宣布了一项6吉瓦的协议，...

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