PCB's New Narrative: Short-term Price Suppression? Mid-term Delays? What Does the Future Hold?

The adjustments facing PCBs are, in essence, the market’s overreaction to negative rumors after a massive earlier rally, rather than a substantive reversal in the industry’s fundamentals.

Nvidia’s “mandatory 10% price cut” has been officially clarified as an untrue rumor. Behind it lies an implicit concern from “compute-storage-optical” regarding capex profit-sharing. The claim that “Shenghong Technology is dragging down Rubin shipments” lacks support from industry logic, but in the medium term there is still a technical possibility that Kyber’s shipments could be delayed.

At present, high-end PCBs used in AI servers remain in a state of capacity shortage. PCB manufacturers therefore have strong pricing leverage, while cloud vendors care more about stable delivery than about squeezing prices alone. In the long run, the trend toward AI-driven PCB high-end upgrades is irreversible; the more the “technical turbulence” reflects positioning and leverage than a complete change in fundamentals.