1Q25 业绩整体符合预期针对我们覆盖的9 家海外科技硬件公司的统计,1Q25 整体业绩符合我们此前预期,部分公司业绩超预期。考虑到关税等宏观不确定性影响,大部分公司对于下半年指引较为谨慎,部分公司此次未提供全年业绩指引。发展趋势海外算力和通信方面,我们看好AI基础设施投入持续性,相关公司业绩兑现度有望提升。算力与通信相关公司1Q25 业绩基本符合预期或超预期,我们认为今年是AI基础设施标的的业绩...
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