PCB's new narrative: Short-term price suppression? Mid-term delay? What will the future be like?

The adjustments facing PCBs are, in essence, the market overreacting to negative rumors after a huge rally earlier on, rather than a substantial reversal in the industry’s underlying fundamentals.

NVIDIA’s “forced price cut of 10%” has been officially clarified as an untrue rumor. Behind it are hidden concerns from “storage-computing-optics” about how capex profit-sharing is handled; the claim that “Shenghong Technology is dragging down Rubin shipments” lacks support from industry logic. Still, in the medium term, there remains a technical possibility that Kyber’s shipments could be delayed.

At present, demand for high-end PCBs for AI servers is still outstripping capacity, leaving PCB manufacturers with strong pricing power. Cloud providers care more about stable delivery than simply cutting prices. In the long run, the upgrade trend toward AI-driven, high-end PCBs is irreversible. As for technical disruptions, they are more about leverage and positioning than about a complete change in the fundamentals.