玉山晨讯：台股晨讯

ѯ ޷ఒ ଊ |ݚዻ༗ϸ޷ѯ α໋ѳᗷดࠊఐᖓྦཽϲৡ୒ᢂկ޷ٴЇᔗ୒ӪҔ८޷ȂСᗻҀαᅜᐮᓿழ୞ίȂѯ޷Ⴌߝቇඵ௱Ёࡿ኶ಥൠαᅜ587.81ᘉȂᅜൾ1.28%Վ46,465.2ᘉȄѯ޷ӕ഻ུା໕૗ηቩྤՎ1.5ӑϰпα឵ܼ ӼР׿ᔟ࢝ ᄻȂҭࠊᇅԒጤٰ ᚕӕ࡚ ᘘτՎ51.6%Ȃ6Уۼᗚԥ׺߭љԒ࡚ձவ՘௒ຶዻМእȂ๊ژ7У्੽ཏ࿌໕૗έӕ࡚ᕼ෶ਣпІໂખ฼෉ְጤȂхߓѠ૗्Ԟᔨԫٰᚕя౫ᎫᕞӲขٗ༗ȂӼРᐈձпУጤ࿌ձᙾ׸ցᘟȄ |ݚϸ޷ঐ „ְ ๽(6640)ȈίљԒᕋԞ஡ᓻܼ αљԒȂॐ൑૗ُ࡚ ϑႁ3Q27 |२्ུݚᆹϸ „ऽ ੬ ᅮ ȃົ ཌྷུ ҂ ѯ ᅥ ഇ ౦ ණ Ёპ ᐪ ϭ Ԓ ᕖ ւ ፑུ ା(3533)(စᔽC1)„Ϝंᘘ౱ົ࡚ໍ ࠊ(စᔽC3)„ژ֛ᅜॴIC೪ॏᖓึऌ(2454)ȃ࿆࢔ቇ።ቌ(Ϗ୧B1)„जӏȃ㋂߱ስॗଅᏺᡞఋထࠊෂࣽ߳(Ϗ୧A3) |ݚᖃစϸ „FEDᢂීීЁਁᖑέକ๽೩лࡼϟཽឋᇅႇџϟϛӤІڐኈ៫ٿґ„ԚҴϥτӉଡ଼ϊಣȞTask Forcesȟໍ՘ӓ८ᔯଇ„ݚኈ៫ϸޠٿᄈґ |୾ር޷Ҁၦଊ „ӓ౩޷ҀІ୧ࠣቌੀၦଊ„୾ር޷Ҁл्ঐ޷ቌੀၦଊ ݚᙐ޷ዻ༗Іฑᘉ޷ѯ „α໋ѳज޷ѳτࡿ኶ࣲ࣐αᅜȂၿᛞࡿ኶αᅜ0.14%Ȃໍາљαᅜ6.42%ȂѯᑗႬADRαᅜ6.94%Ȅ„α໋ѳᗷดࠊఐᖓྦཽϲৡ୒ᢂկ޷ٴЇᔗ୒ӪҔ८ȂСᗻ޷Ҁαᅜᐮᓿழ୞ίȂѯ޷Ⴌߝቇඵ௱Ёࡿ኶ಥ ൠαᅜ587.81ᘉȂᅜൾ1.28%Վ46,465.2ᘉȂԚһߝ᚟࣐16,061.95ቈϰȄαҀѵၦຶົ211.47ቈϰȂ׺߭፳ົ53.57ቈϰȂՍᕋ୧ຶົ154.88ቈϰȂήτݳ΢Ӭॏຶົ312.78ቈϰȄαҀᒋၦቩђ82.86ቈϰȂᒋၦᎸ᚟࣐5,930.47ቈϰȇαᘤᒋၦቩђ17.14ቈϰȂᒋၦᎸ᚟࣐2,054.69ቈϰȄ „ዻ८ఋထР८ȂႬφαᅜ1.21%ȃߝᒋαᅜ1.36%ႬαᅜߝߩІ1.77%ȄөఋထϜп༮ጳȃӏႬȃ኶՞໵ᆓȃҢ׭ᚃᕜ๊ߓ౫ၷٺαᅜົႇ3%ȇߓ౫৶༗ఋထ࣐ԼೳІॶ๊ࠣίໂົႇ1%Ȅ ܿ෉ೳһၦଊ „ήτݳ΢ѯࡿ෉ഌ՞ᡑϾȂՍᕋ୧Ӽ൑෶Ў9πȂґ҂ঙӼ൑ژٿ63πȇ׺߭Ӽ൑ቩђ1,514πȂґ҂ঙӼژٿ൑58,597πȇѵၦޫ൑ቩђ943ژٿ൑ޫπȂґ҂ঙ68,337πȂήτݳ΢ޫ൑෶Ў562πȂґ҂ঙޫژٿ൑9,677πȄ ⠘␱㗌㜆Ɲ2026/6/22 䟻 䩝⠘ ␱               䏠㠫濣方⨎ħ∈⫌榒 ★劭664077 ᳉∈ⴲ䂝㏴⫅Ῠ㑺᳈∈ⴲ濕壀⑬侻塉ⵤⲰ弒 4 ㅓ宅夓ᾷ僅ⶸ娮 ⅓⏟怵⽧)RUZDUG3(5吤✏aῴƏ俪憶%RQGHUㇷ䂡㛧⤎ㇷ敞⻼㒵Ə姩▕僤奲⺍ⷙ总4Ə媦⌮凚˥岞怙˦娼䬰Ə䵍ṯ3(5ῴ Ọ⹛(36娼⃠ ˛ 悋涜夓妔⃄㙎 $,㔴䄅映䤋㏼⟥㉦∅6RUWHU斾㬀濕26$7⶞&R:⳴↓'LH %RQGHUㆇ学↓侻濣$,㙝䈮Ⱑ⯟㔥⤎⢅⊇㙝䱹憴憶凮杉䨴Ə6RUWHU䂡昙㭉ἴ䧢˚㖲弰ㇽ⾕墩柯㔥ㅉ怆⺍Ə⯵凛83+ᷲ昴Ə㙝⛺Ịⷌ⻇⛇俳柯㎈峣㛛⤁6RUWHUỌ䶔㋨䔉⇡˛⎾デ㖣㙝⛺Ịⷌ潴栔忷㭌憲⇡&R:㮜凚26$7⻇Ə⸝⊼26$7䫖⯴㖣'LH%RQGHU曧㰩Ə柷἗'LH%RQGHU⯮ㇷ䂡樬⊼敞䷁䇆怲ㇷ敞Ḳ旃捜⊼僤˛ 'LH %RQGHUノ㽸㖾⟥ノ搵ⷓ㎌濕㐲榒廰⪿垛士ὗ壀⑬侻塉ⵤⲰ弒4濣 'LH %RQGHUㇷ䂡㛧⤎ㇷ敞⻼㒵怵⎢ℯ怙⯨壄娔₀䇆㔝暭Ḕ㖣㙝⛺Ịⷌ潴栔Ə俳26$7⻇ℯ怙⯨壄曧㰩⾅4敲⦲巚⌮Ə柷἗%RQGHU䇆㔝㮻憴⾅⹛䙫ᷱ⌮凚⹛䙫aƏ嵬嵱6RUWHUㇷ䂡⅓⏟㛧⤎ㇷ敞⻼㒵˛ &32䛟旃娔₀㛧⿒㖣4怙⅌憶䔉&32壤䧲⇭䂡㙝䈮䫖 㙝⛺⻇壤怇 凮⑏⛴ℰ曢弰㏂㨈䴫 26$7⻇Ḣ⯵ Ə✮取䙫6RUWHU娔₀䙭ⷙ⇮⅌曀恱ᾂㆰ掯˛柷἗&32䛟旃䔉⒨⯮㖣4ㇽ4敲⦲㔥憶⇡岏˛  ἯⰧ&R3R6 %RQGHU娔₀懄⯴᷽ᷲ Ị&R3R6杉㝦䴁⯨壄Ə㙝⛺Ịⷌ潴栔㭊⏳㭌娼἗㗌┭凮✮取䙫&R3R6%RQGHUƏ✮取ὃ䂡䬓ṳᾂㆰ┭㋨乳墒娼἗樾嬰Ḕ˛ ㅓ宅杦敨 ℯ怙⯨壄曧㰩㔥䷐˛ 岮㖀Ὥ㹷Ɲ&0RQH\Ə䍰ⱘ㉼桎 㜵Ⰱ⧨ WUR\#HVXQVHFFRPWZ  / (3533)(C1) (3533)2026 2026(1)AMD Venice2H26202620~25%AMD VeniceIntel Oak StreamASP15%(2)SOCAMM2H26(3)NPOSubstrate20272026/202728.3%/22.4%4,333/5,304EPS104.91/133.463,325 „(C3) (1)ABU(2)DBUIDM3Q266(3)SBU640EPS 12.39 „IC(2454)(B1) IC 15~20%ASIC4Q26102020272027AI ASIC700~80010~15%202720282027AI ASICSOCAI ASICAI2Q2620262027EPS63.4106.18 „(A3) AIAgentic AI24NANDKioxia TrendForce2025-2027HBMDRAM18%22%30%HBMDRAM8%9%13%2027HBMconventional DRAMNANDHBM3D NANDNOR FlashSLC NANDNOR FlashSLC NAND100%2026/2027EPS 58.56/84.46590(7PER*2027EPS(F)) ᖃᡞစᔽ኶ᐄϸݚ_ዊजҀൠ „FEDᢂීීЁਁᖑέକ๽೩лࡼϟཽឋᇅႇџϟϛӤІڐґٿኈ៫Ȉ࢈๋ᖑ݃τൾȶዶٙȷᇅతңࠊᙂࡿЖȈҐԪཽࡤᖑ݃τൾᆡᙐՎङ130ঐԆȄ๽೩փଷܛᒞޠȶࠊᙂࡿЖȷȂᇰ࣐Ӷ࿌ࠊᕘძίႲ೪ґٿၰ৸ٯϛӬᎍȄул஼ᖑ݃ᔗѬණٽցᘟޠࡤȶٲᄃȷ ȂՅߩၑშЖᏳҀൠႲ෉ȄԫѵȂ๽೩ܣ๙ණһঐ΢ȶᘉޒშȷႲขȂӶ19ӫۣসϜȂ༊18΢ණһւ౦ႲขȂл्уߞ෉״ຠᘉޒშཽᡲҀൠႇ࡚ᆺฑܼሊ෉৥గȂЇՅࠉ৶࢈๋ޠኇܓȄуᇰ࣐лৱϛණٽঐ΢Ⴒขԥֆܼ७մҀൠᄈঐրۣসႲขޠႇٸ࡚ᒧȄ „ԚҴϥτӉଡ଼ϊಣȞTask Forcesȟໍ՘ӓ८ᔯଇȈ๽೩ࡈҁԚҴϥঐᑀҴϊಣȂଭᄈᖓྦཽਰЗၽձໍ՘ቸຝȄєࢃྜྷ೾ᐡښȃၦ౱॓༇ߓȞᔯଇȶщ٘ྦറߝȷ࡚ښȟȃ኶ᐄٿྜȞ෶Ўᄈဤࡤ኶ᐄٸޠᒧȟ ȃᙾ࠯ਣхίޠҢ౱ΩȞAIኈ៫ȟпІ೾ᑸਲ࢝Ȅ๽೩״ຠᖓྦཽႇџႇٸܼᒧȶᐤѭޠ෥៫ȞEchoes of historyȟȷȂ֊ᅘۻ࢈ޠࡤಜॏ኶ᐄȄུРӪул஼Жໍؾഌޠߟ֊ਣȞReal-timeȟϸݚРݳȂւң΢Ϗහኌڸུϸ׭ݚ೛ٿᕼ෶؛๋ᇳৰȂՅߩ༊ٸᒧ༉ಜޠ።ࢦಜॏȄ „Ȉݚኈ៫ϸޠٿᄈґ„࢈๋ኇܓቩђȂկҀൠݱ୞Ѡ૗ЁାȂҦܼኁଷࠊᙂࡿЖٯసϾᘉޒშȂᖓྦཽґ؛ޠٿ๋஡ڏȶ኶ᐄᏳ ӪȞData-dependentȟȷй᡺ࣁȄ๽೩݃ጃࡿяȂуוగҀൠ਴ᐄစᔽ኶ᐄՍ՘ۢቌȂ೼ཏک຀ґٿ࿌စᔽ኶ᐄϵոਣȂߝᒋҀൠѠ૗ཽя౫Щႇџτݱޠ୞Ȅ „ᖓྦཽၽձਲ࢝Ҕ೏ܼᙾ࠯໧ࢳȂϥτӉଡ଼ϊಣႲॏӶ2026Ԓۼණя࡛ឋȂ೼Ѡ૗ᏳयᖓྦཽґٿӶၦ౱॓༇ߓ೤ዂ௢ښȃ೾ᑸҭዀᒌ໕РԓпІྜྷ೾ഇ࡚݃αя౫२τ࡚ښޠ׾९Ȅ„᐀ܳ ׭೛ᄈҢ౱ΩޠණਐȂ๽೩৥౫ᄈAIණЁҢ౱Ωޠ዆ᢏᄙ࡚ Ȃ஡ڐຝ࣐ ज୾഻ུ ᆡઢȞAmerican Ingenuityȟޠᡞ౫Ȅߞ෉ٿࣽȂ೼Ѡ૗αঔज୾ޠ዗ӶစᔽԚߞ౦ȞGDPႲขϑԥܛЇ࢏ȟȂկηሰᔗᄈAI࡛ ೪ߒ෉ழޠٿ฼෉ሰؒᔇΩȞԄၦਠϜЗ࡛೪ᄈޑቌޠ௱ЁȟȄ ၦਠٿྜȈඈീȃҞύ׺៬(2026/06/22) αҀᘤࠊΫτ᠍অ޷ᅜໂൾ ӓ౩޷ҀІ୧ࠣቌੀၦଊ኶ࡿዊज 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