中文翻译
$TOWA最大的信号来自SK Hynix、Micron和Samsung，因为这是上游...三大厂商增加了资本支出预测+建设HBM4，所以资本支出确实会流向Towa。 MSSCORP更微妙。这是用于共封装光学(CPO)的，还没到量产的阶段...你可能需要关注$ASX和其他信号。 但它们都主要从超大规模数据中心资本支出作为总的框架来获得推导，今天这个框架基本是看涨的。
· 供应链分析
上游设备商TOWA受益于三大存储厂HBM4资本支出扩张，CPO封装尚未量产需观察ASX等信号，整体由超大规模数据中心资本支出驱动。
英文原文
$TOWA biggest signal is SK Hynix, Micron, and Samsung since this is upstream... and the big 3 increased capex projections + building out HMB4 so that capex does flow to Towa. MSSCORP more nuanced. This is for CPO, which is not volume ramped yet... You'd probably want to look at like $ASX and other signals. But they all get derived mainly from hyperscaler capex as an overarching umbrella, which was largely bullish today.