中信证券研报表示2025年第二季度AI需求强劲、国产替代加速电子行业整体稳健增长。需求角度AI相关需求火热;国产替代角度国产算力放量在即设备公司受益前期订单兑现后续期待先进逻辑/存储扩产加速。综合来看表现相对亮眼的细分板块有:算力相关PCB、国产算力芯片龙头、果链龙头、IoT龙头、CIS龙头、设备龙头、运力芯片龙头、模拟芯片龙头等。
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