花旗:工業富聯是中國GB200芯片產業鏈中的首選標的
花旗稱,在中國A股的英偉達GB200芯片產業鏈中,工業富聯仍是首選,因其2025年人工智能利潤組合最高,以及風險回報最佳。相信隨着英偉達Blackwell芯片量產的更多積極消息傳出,工業富聯將得到重新評級。工業富聯二季度服務器業務貢獻了55%的總營收,這意味着該業務有超過70%的同比增長。由於花旗的模型預計GB200 NVL72售價更低,預計工業富聯AI毛利組合將會降低,因此將目標價從36元人民幣調降至35.4元。
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