台股晨讯

ѯ ޷ఒ ଊ |ݚዻ༗ϸ޷ѯ ໋ήѯڨ޷ѯᑗႬADRࡼ៊഻ାᐮᓿ໡ዻτᅜȂࡿ኶ሇᚭፑખ46,500ᘉτᜱȂႬφ᠍অѯᑗႬȃᖓึऌІѯႁႬτᅜȂၦ ߝᘘ ය ᎉ ୞ Վ ߝᒋ ᜍ ڕ๊ ᜹ ޷Ȃ ௱ Ё ђ᠍ ࡿ኶ Κٿ ࡚ ژ46,552.16ᘉӕ഻ᐤѭུାȂಥൠαᅜ901.9ᘉȂᅜൾ1.98%Վ46,459.16ᘉȄѯ޷៊഻ᐤѭུାйӶ᜹ܓً޷ᎉ୞ίࡼ៊܂ߝᒋІ༉౱ᘘයȂ฼ጤࡿ኶୒Ӽԥւੀ׌ϛᡑȂᐈձпዦڏߟᚡ؆᜹޷࣐лȄ |ݚϸ޷ঐ „ѯӏႬ(2383)ȈίљԒ஡ߕASICȃRubinӤؐܺ໕Ȃ౱૗ഃԒτቩ |२्ུݚᆹϸ „Ϝ๽ᆡข5УᕋԞӕ഻ା(Ϗ୧B5)„߭ 㚔(5274)ȈϭԒ௦൑ЩႲ෉ԂᆱࡼΝԚЪւ౦ᜳܝ࡚ା(စᔽA3)„ٴࠓऌഀΝУ഻ା(Ϗ୧A5) |ݚᖃစϸ „301።ࢦяᝦȂུᜱใᄈ೾ᑸኈ៫ԥ४„ज୾݉ଡ଼ཿෂ੊ӲྤȂ੒ໍາ໶ܓϬӶ„૗ྜϟѵȂAIሰؒࡼ៊௱ЁቌੀᔇΩ„൸ཿҀൠᗎܼᛨۢկٯґႇዦ |୾ር޷Ҁၦଊ „ӓ౩޷ҀІ୧ࠣቌੀၦଊ„୾ር޷Ҁл्ঐ޷ቌੀၦଊ ݚᙐ޷ዻ༗Іฑᘉ޷ѯ „໋ήज޷ѳτࡿ኶ໂӼᅜЎȂၿᛞࡿ኶ίໂ1.21%Ȃໍາљαᅜ1.39%ȂѯᑗႬADRίໂ2.24%Ȅ„໋ήѯ޷໡ାٗାȂႬφαඵழ୞ߝᒋІ༉౱ӤؐαඵȂ௱Ёࡿ኶ӕ഻ᐤѭུାΚژٿ࡚46,552.16ᘉȂಥ ൠαᅜ901.85ᘉȂᅜൾ1.98%Վ46,459.16ᘉȂԚһߝ᚟࣐15,175.36ቈϰȄαҀѵၦຶົ433.96ቈϰȂຶົ߭׺55.52ቈϰȂՍᕋ୧ຶົ25.97ቈϰȂήτݳ΢Ӭॏ፳ົ515.45ቈϰȄαҀᒋၦቩђ14.26ቈϰȂᒋၦᎸ᚟࣐5,683.95ቈϰȂαᘤᒋၦቩђ41.52ቈϰȂᒋၦᎸ᚟࣐2,127.53ቈϰȄ „ዻ८ఋထР८ȂႬφαᅜ1.76%ȃߝᒋαᅜ4.29%ႬαᅜߝߩІ2.25%ȄөఋထϜпႬᐡȃႬᏣȃߝᒋߴᓏȃӏႬІળᙒ๊ߓ౫ၷٺαᅜົႇ4%пαȇߓ౫৶༗ޠఋထ࣐ၦଊ݉ଡ଼ȃҢ׭ᚃᕜІॶ๊ࠣίໂԞ༄Ȅ ܿ෉ೳһၦଊ „ήτݳ΢ѯࡿ෉ഌ՞ᡑϾȂՍᕋ୧Ӽ൑෶Ў90πȂґ҂ঙӼ൑ژٿ2,474πȇ׺߭Ӽ൑ቩђ1,539πȂґ҂ژٿঙӼ൑51,304πȇѵၦޫ൑෶Ў246ژٿ൑ޫπȂґ҂ঙ66,772πȂήτݳ΢ޫ൑෶Ў1,695πȂґژٿ൑ޫ҂ঙ12,994πȄ 䟻 䩝⠘ ␱               䏠㠫濣方⨎ħ方⨎斴䰂ᶴ ⊮方238377 ᳉∈ⴲ⫅庌 $6,&Ʊ5XELQ ⋊㨣㏼悍濕䏠侻廎ⴲ⟥❜ ㅓ宅夓ᾷ僅ⶸ娮 柷 ἗ ⏗ ℰ 曢  ⹛ 䧬 ⽳ (36 䂡  K Ə 怵 ⽧ 䔉 㥔ᷱ 堳 㜆)RUZDUG3(5吤✏ῴƏ䛲⥤⅓⏟㉧堺僤⊂⎱㓛䔉怆⺍Ⱜ䔉㥔柿ℯ✗ἴƏ᷻䍙∐怊乳⅐⹛俢ῴㇷ敞Ə⎪俪⛲⣽潴栔⻇㕾ⱘ .6 ˚䔆䚱䦸㉧66 3(䳫吤✏ῴƏ⟡㖣⹛䧬⽳(36Ə䵍ṯ⏗ℰ曢ῴ㜓䚱㮻˛ 悋涜夓妔⃄㙎 + 5XELQ$6,& ⋊ 㨣 ㏼ 悍 濕 廰 ‣ 䈰⃧ 岱 ∅ 㗝 濣ⰼ 㜂 + Ə 晋 $:67UDLQLXP㋨乳ㇷ敞Ə*RRJOH738Y˚0HWD07,$9ẍ⯮⏳㭌㔥憶Ə㎏⌮0Ọᷱ曧㰩Ə⅝Ḕ⛇㗌㜓⏳㥔㓛䔉Ẵῄ⭯Ə⅓⏟㖣738Yᾂ岏Ụ栴㛰㜂㎷⌮凚ƏᷲᷧỊY∮柷姯䍏⮝ᾂㆰ0㜷㖀˛1YLGLD 5XELQ㖠杉Ə⅓⏟䂡&RPSXWH%RDUG˚6ZLWFK%RDUG䬓ṳᾂㆰ┭Ə䛕∴柷姯ὦ䔏0㖀噆䙫㝦㜷€≐/38㙝䈮Ḣ㝦Əⱋ㕟䂡/Ə柷姯㎈䔏04ⷪƏ⹛5XELQUDFN⇡岏憶䳫䂡吓㪪Ə⯮䔘⏗ℰ曢⎱晟⻇䔆䚱䓃⇭Ḣ奨Ụ栴Ə⅓⏟䶔㋨+憶䔉0㜷㖀Ḳ柷㜆Ə俳5XELQ 8OWUD .\EHU 5DFN䙫%DFNSODQH㜷㖀奶㠣ẍ柷姯吤✏0ỌᷱƏ㛧檿㛰㜂㎈䔏0㖀噆Ə柷἗⹛⏗ℰ曢0Ἳ㮻䳫总˛ ⋊㠫ᳫ㎲䏠㖾䤋㠳濕ⴲ䏠侻弒ⴲ‧ị濣㓛䔉㖠杉Ə⅓⏟⹛⹼㛯䔉僤⯮⹛⢅凚吓⼜Ə⹛⹼ⅴ㓛凚吓⼜Ə檿㖣⏳㥔Ə徸㜆ẍ㖗⢅⹛㓛䔉姯䕒Ə柷἗⯮⢅⊇吓⼜&&/䔉僤Əὦ㛯䔉僤⹛⢅凚吓⼜Ə总⹛䙫⅐ῴƏ⸝⊼⅓⏟*38⎱$6,&ⷩ⍇䍮㋨乳㎷⌮˛ ㅓ宅杦敨 㓛䔉怙⺍ᷴ⥩柷㜆˚5XELQ㔥憶㘩䧲恅⻝˛ 岮㖀Ὥ㹷Ɲ&0RQH\Ə䍰ⱘ㉼桎 䧲朽侻 DDURQFKHQJN]#HVXQVHFFRPWZ  / „5(B5) AI GPUTPU45 53.7%5.466%AI ASIC2Q26~3Q2662Q2619.3%16.2EPS 13.08AIAI ASICGPUAI GPUAI CPU(1H26)70%EPS 68.51 „(5274)(A3) 3AI 2Q2634~3638.2QoQ+28.8%3Q2641~422026AIAST2600BMCAST27002026AST2600Inte Oak StreamAMD VeniceServerVera RubinAST2700AST27002028BMC20262027EPS184.52262.6 „(A5) DRAM240835276.78.55%7.31,022.486.5 5276.78.55%7.3AI serverPC OEMconventional DRAMCSPconventional DRAM58-63%AI(SandiskKioxia Solidigm Cisco)AICSP20263,11673%EPS 59.21510(5PBR*2026BVPS(F)) ᖃᡞစᔽ኶ᐄϸݚ_ዊजҀൠ „301።ࢦяᝦȂུᜱใᄈ೾ᑸኈ៫ԥ४Ȉᐄٸࡊᒳϵߓхܿज୾ຸ301఩෢Ȃп஽य़ഽ୞Ң౱࣐Ҧණឋᄈڨ።ϟࢦ60ঐစᔽᡞܛԥ౱ࠣђኊᜱใȂڐϜȂϑᄃࢋ஽य़ഽ୞ໍπ࿲цȃܗӶȮຸۢڟܿȯϜ୉я࿲Ц஽य़ഽ୞ܜᒜޠစᔽᡞȂԄѯᢋȃђ਍τȃዊ࿘ȃӠѼȃᏏ՚঱๊ђኊၷմޠ10%ȂڐᎸစᔽᡞђኊ12.5%ࡿȄሰ्яޠȂҐԪ።ߩٯࢦུΚᎉᜱใђኊȂՅଭᄈ7/4֊஡ѷਞޠ122఩఩෢ໍ՘၅щȂᐍᡞᜱใЬ҂ٯґя౫τൾ࡚ᛈЁȂ਴ᐄᖓྦཽစᔽᏱঢ়4УޠΚ጖፤НᄃᜍःفȂпІᓰࡅᅮӶ८ᄈଅ޲ਣޠፚၘѠޤȂџԒΚقӗᜱใ௪ࢋஆҐ឵ܼΚԪܓᅜቌፑᔟȂٯйᄈPCEޑቌޠኈ៫ηஆҐཽӶϭԒ3-4УЇ࢏๗Ȅ „݉ज୾ଡ଼ཿෂ੊ӲྤȂ੒ໍາ໶ܓϬӶȈ5Уज୾ISM݉ଡ଼ཿPMIҦ53.6ЁՎ54.5ାܼႲ෉ȂᄈᔗԒϾᄃ፵GDP౦ङߞԚ2%Ȃၷ4ޠУ1.7%ໍΚؐ׾๢Ȅಡ໷ϜȂ୧ཿࣁ୞ࡿ኶ЁՎ57.7Ȃུॐ൑ࡿ኶ӶစᐤΠαঐУޠίໂࡤȂҐУЇኇ3.8ঐԼϸᘉՎ57.3Ȃᡘұሰؒ୞૗ޠӲЁȄ৳ԇࡿ኶Ȟ62.5ȟᗷτൾαЁ9.4ঐԼϸᘉȂկ৳ԇ௒ᆲ༊ཌྷൾαЁ0.1ঐԼϸᘉȂЇ࢏Ӎཿᄈࡤ៊ሰؒࠊෂϬ߭ڏЗȂ݉ଡ଼੒ໍາᐍᡞᆱࡼ໶ܓȄ „૗ྜϟѵȂAIሰؒ៊ࡼ௱ЁቌੀᔇΩȈISM݉ଡ଼ཿቌੀࡿ኶5УЁՎ71.3%ȂϬӶ2022Ԓ8УпٿାᘉᎫᕞȂଷೊ۔૮੖২౮ᓜᏳयޠᐾਠȃݷآȃ਽ݷ๊૗ྜ໷ҭαᅜѵȂڨၦਠϜЗ࡛ဋሰؒழ୞Ȃ࡛ᑟ؆ਠȃሜȃଅᏺᡞІႬφϰӈቌੀᅜ༗۾៊ȂᡘұAI׺ၦዦዙҔഃؐӪٽᔗᜧ༉ᏳȂԚ࣐Мእ೾ᑸޠ२्ӱષ„൸ཿҀൠᗎܼᛨۢկٯґႇዦȈ5УADP൸ཿུቩ12.2࿳΢ȂାܼႲ෉І4ޠঅࠊУ10.5࿳΢Ȃпఁيᚃ ᕜȞ+5.7࿳΢ȟȃຸܿၽᒰІϵңٲཿȞ+3.6࿳ȟȃ஠ཿڸ୧ཿ݉ଡ଼Ȟ+1.1࿳ȟȞ࡛ȃᕋ+8000࿳ȟȃӅ໤ਢ஝Ȟ+8000࿳ȟ๊࣐ॷޠΥঐ౱ཿࣲ֖౫ቩߞȂၦଊཿȞ-9000΢ȟࡼ៊ຉᕼЇ࢏AIᄈၦଊऌ׭౱ཿ൸ཿޠፑᔟȄดՅȂ੽Ӊ޲ᖡၦቩൾ4.4%ᇅࠊУࡼ҂Ȃၱ዁ࠍ޲ཌྷൾ७Վ6.5%Ȃ๗Ӭ݉ଡ଼ཿPMI൸ཿࡿ኶Ȟ47.9ޠȟίྥȃၷմޠᙜ՞ޫુ/ѷཿ΢πЩȞ1.03ȟȂ࿌ࠊ൸ཿҀൠϬ೏Ӷմນসȃմܤဓȃմࢻ୞ޠܓཌྷֽ҂ᒌȂ२ᘉᆺฑ໋ϥߩޠၼൣ֚ȂႲզ5Уߩၼ൸ཿ΢πУቩ8.5࿳΢Ȟ4অࠊУ11.5࿳ȟȃѷཿ౦ࡼ҂Ӷ4.3%Ȅ ၦਠٿྜȈඈീȃҞύ׺៬(2026/06/04) Ҟύᜍڕ׺ၦ៬ୱ޷ӌԥ४ϵѨȞпίᙐᆏȶҞύ׺៬ȷȟ࣐ҞύߝᒋٲཿထϟԚসȄ ःفൣ֚ѠՍҐϵѨᆪય( www.esunconsulting.com.tw )ᎨȄڦ ෉ೳһڏܿറା࡚ଓଡ଼ᄺఝਞݏȂॴᓏࣻၷ޷ܼಊҼၷାȂһܿ΢໹ڏറЩၷାޠॴᓏڨܜโ࡚Ȅ ݃΢সᖑفः ᢏᘉȄܗឋ࡛ޠ֚ൣفҐःܼՍٿঐ΢ൣႎڐณӉե݃΢সᖑفः ݃ռೱᖑ Ҟύ׺៬ϑଭᄈൣ֚ϲৡΩؒҔጃȂٯ࣐ःف΢স൸ڐ஠ཿ૗Ωණٽϟ๢ཏϸݚȂଓଡ଼ႲզІ׺ၦຠ๊߾൸ൣ֚ึ՘࿌ਣȂܛԞ໲ϟၦଊໍ՘Ӭ౪ϟցᘟȂСࡤसԥၦଊུȂҞύ׺៬஡ϛଭᄈԫൣ֚яڏུ೾ޤȄҐൣ֚༊ٽ׺ၦ΢୥ՄȂҞύ׺៬ϛ॓Ӊե׺ၦࣵᖬϟࡢݳೱӉȂԄЖңҐНȂ໹စҐϵѨӤཏȄ හኌଓ౱᠍݃ᖑ Ґၦਠө໷ϲৡϟө໷᠍ւІහኌଓ౱᠍Ȟєࢃկϛ४ܼ຀ձ᠍ȃ஠ւ᠍ȃ୧ዀ᠍๊ȟְ឵Ҟύ׺៬ܛԥȄଷߩᕖூҞύ׺៬ࠊٲਫ८ӤཏѵȂְϛூ᏿ՍпӉեםԓፓᇨȃ२ᇨȃঔ׾ȃึ՘ȃα༉ȃ஼ຯȃ༉ଛȃයոȃϵ໡༉ክȃ೰୶ڐܗуٻݳߩңҐၦਠȄଷߩԥ݃ጃߓұȂҐၦਠϟණٯٽณ݃ұܗཱུұ௳᠍ີРӉե຀ձ᠍ȃ஠ւ᠍ȃ୧ዀ᠍ȃ୧ཿᐡஞܗӉեڐуහኌଓ౱᠍Ȅ