Guosheng Securities: Passive components under the AI wave will open a super new cycle. MLCC manufacturers and related companies in the industry chain will continue to benefit.

Guosheng Securities released a research report stating that the increase in power consumption is driving the iteration of AI server power supply architecture, and the inductor industry is expected to rise in both volume and price along with the AI wave. TrendForce predicts that by the end of the year, the demand for high-end MLCCs in artificial intelligence server projects will increase, thereby raising prices. Domestic inductor manufacturers have actively laid out in AI-related applications and are expected to directly benefit from the new opportunities brought by the server power supply architecture reform. The tight supply and demand of high-end MLCCs will continue with the AI wave, and domestic MLCC manufacturers and companies in the industry chain will continue to benefit.