锟斤拷锟斤拷锟斤拷业锟杰憋拷锟斤拷AI业锟斤拷锟斤拷锟斤拷锟斤拷锟桔ｏ拷锟斤拷锟斤拷Q1锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷_锟斤拷票频锟斤拷

锟斤拷锟斤拷锟斤拷锟斤拷锟捷达拷锟脚达拷证券锟斤拷锟斤拷锟斤拷锟斤拷业锟杰憋拷锟斤拷AI业锟斤拷锟斤拷锟斤拷锟斤拷锟桔ｏ拷锟斤拷锟斤拷Q1锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟叫憋拷锟斤拷锟斤拷原锟斤拷摘录锟斤拷
锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷要:
锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟较革拷锟斤拷锟揭碉拷堑锟斤拷锟揭伙拷锟斤拷锟斤拷锟斤拷锟接讹拷锟斤拷指锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷堑锟斤拷锟斤拷直锟轿拷锟斤拷氲硷拷澹�+2.57%锟斤拷/锟斤拷锟斤拷锟斤拷锟接拷-8.37%锟斤拷/元锟斤拷锟斤拷-5.24%锟斤拷/锟斤拷学锟斤拷锟斤拷樱锟�-8.75%锟斤拷/锟斤拷锟窖碉拷锟接ｏ拷-12.24%锟斤拷/锟斤拷锟接伙拷学品锟斤拷+3.19%锟斤拷锟斤拷锟斤拷锟斤拷锟角碉拷锟斤拷锟街憋拷为锟诫导锟藉（-1.94%锟斤拷/锟斤拷锟斤拷锟斤拷锟接拷+0.51%锟斤拷/元锟斤拷锟斤拷+0.15%锟斤拷/锟斤拷学锟斤拷锟斤拷樱锟�+0.18%锟斤拷/锟斤拷锟窖碉拷锟接ｏ拷+1.43%锟斤拷/锟斤拷锟接伙拷学品锟斤拷-0.11%锟斤拷锟斤拷
锟斤拷锟杰憋拷锟斤拷锟斤拷要锟斤拷锟斤拷锟秸遍反锟斤拷锟斤拷锟斤拷锟斤拷锟角碉拷锟斤拷锟街憋拷为苹锟斤拷锟斤拷+8.35%锟斤拷/锟斤拷斯锟斤拷锟斤拷+25.25%锟斤拷/锟斤拷通锟斤拷+15.70%锟斤拷/锟斤拷通锟斤拷+9.12%锟斤拷/台锟斤拷锟界（+11.66%锟斤拷/锟斤拷锟斤拷萍锟斤拷锟�+19.54%锟斤拷/英锟截讹拷锟斤拷+6.42%锟斤拷/锟斤拷锟斤拷锟斤拷锟狡硷拷锟斤拷+19.32%锟斤拷/英伟锟斤（+14.55%锟斤拷/锟斤拷锟斤拷逊锟斤拷+12.95%锟斤拷/锟阶癸拷锟侥ｏ拷+12.76%锟斤拷/应锟矫癸拷纾�+24.98%锟斤拷/锟饺革拷A锟斤拷+9.68%锟斤拷/Meta锟斤拷+12.92%锟斤拷/微锟斤拷锟斤拷+9.11%锟斤拷/锟斤拷锟斤拷锟诫导锟藉（+12.96%锟斤拷锟斤拷
AI业锟斤拷锟斤拷锟斤拷锟斤拷锟桔ｏ拷锟斤拷锟斤拷Q1锟斤拷锟斤拷锟斤拷锟斤拷锟津。憋拷锟斤拷A锟斤拷锟斤拷锟叫癸拷司锟斤拷锟斤拷锟斤拷频锟斤拷锟斤拷2024锟疥及2025锟斤拷一锟斤拷锟饺财憋拷锟斤拷锟斤拷锟角观察到锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷AI投锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷撸锟斤拷锟斤拷锟斤拷锟紸I锟斤拷锟接︼拷么碳锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟揭碉拷锟斤拷锟斤拷使锟剿撅拷锟揭碉拷锟斤拷锟绞硷拷叨榷锟斤拷帧锟斤拷锟斤拷诜锟斤拷妫拷锟斤拷锟�1锟斤拷锟斤拷锟斤拷芯片锟斤拷锟斤拷锟斤拷锟斤拷息25Q1营锟斤拷24.0锟斤拷元锟斤拷YoY+50.8%锟斤拷锟斤拷司锟斤拷同锟斤拷债锟斤拷32.4锟斤拷元锟斤拷锟斤拷24锟斤拷锟斤拷锟斤拷锟�23.3锟斤拷元锟斤拷芯原锟缴凤拷25Q1营锟斤拷3.9锟斤拷元锟斤拷YoY+22.5%锟斤拷2锟斤拷PCB锟斤拷锟斤拷锟斤拷煞锟�25Q1营锟斤拷40.4锟斤拷元锟斤拷YoY+56.3%锟斤拷胜锟斤拷萍锟�25Q1营锟斤拷43.1锟斤拷元锟斤拷YoY+80.3%锟斤拷3锟斤拷锟剿诧拷AI锟斤拷锟斤拷芯微25Q1营锟斤拷8.8锟斤拷元锟斤拷YoY+63.0%锟斤拷
锟饺革拷锟斤拷业锟斤拷强锟斤拷锟斤拷锟斤拷锟斤拷维锟斤拷CapEx锟狡伙拷锟斤拷锟斤拷锟解方锟芥，锟饺歌发锟斤拷25Q1锟狡憋拷锟斤拷实锟斤拷营锟斤拷902.3锟斤拷锟斤拷元锟斤拷YoY+12%锟斤拷锟斤拷锟斤拷锟斤拷345.4锟斤拷锟斤拷元锟斤拷YoY+49%锟斤拷锟斤拷锟叫谷革拷锟斤拷锟斤拷锟斤拷122.6锟斤拷锟斤拷元锟斤拷YoY+28%锟斤拷营业锟斤拷锟斤拷21.8锟斤拷元锟斤拷营业锟斤拷锟斤拷锟绞达拷17.8%锟斤拷同锟斤拷+8.4pct锟斤拷锟斤拷司锟斤拷示锟斤拷前锟狡硷拷锟斤拷锟斤拷锟斤拷锟斤拷锟斤拷锟节癸拷锟斤拷锟斤拷锟阶刺拷锟皆わ拷频锟�2025锟斤拷撞锟斤拷懿锟斤拷锟斤到锟较革拷水平锟斤拷25Q1锟斤拷司CapEx为172.0锟斤拷锟斤拷元锟斤拷YoY+43%锟斤拷锟斤拷司维锟斤拷2025锟斤拷全锟斤拷750锟斤拷锟斤拷元锟斤拷CapEx锟狡伙拷锟斤拷锟戒。
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