KB LAMINATES (01888) surged over 4%, and as of press time, the stock was up 4.46% to HK$11.7, with a trading volume of HK$190 million. On the news front, Broadcom announced third-quarter results on Thursday Eastern Time that exceeded expectations and provided strong guidance for the fourth quarter. The company expects its artificial intelligence chip business to continue accelerating in the fourth quarter.

Market analysts point out that with the continued global development of AI computing infrastructure, demand for AI servers such as GPUs and ASICs remains high. As PCBs are important electronic components within AI servers, the prosperity of the entire industry chain is expected to continue rising, with major investment opportunities including mid-stream PCB manufacturers, upstream copper clad laminate materials, and equipment manufacturers.

Industry research indicates that the company's copper clad laminate prices have already led the upward adjustment in the first half of the year. Strong PCB demand may support price rigidity, and second-half performance is expected to benefit. The acceleration of high-end CCL and material capacity layout in 2026 may see AI opportunities enter the realization phase, driving the valuation center upward, with actual financial statement contributions potentially concentrated in 2027, maintaining a "Buy" rating.