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The second-layer transactions of AIDC are becoming clearer: power, gas turbines, optical module testing, PCB/mSAP, and semiconductor equipment are the next batch of bottleneck assets.
NVIDIA, Dell, and AMD's perspectives all point to continued upward revisions in data center capital expenditures;
Corresponding to A-shares and the global industrial chain, what truly matters to track are price increases, delivery cycles, capacity shortages, and customer validation.