MORGAN CHASE: AI REASONING LENGTHEN SERVER CYCLE, MEMORY PRICE INCREASES SUPPRESS PC DEMAND

According to information received on 16 July, Chase Morgan reported on 15 July that it was expected that the server would move up significantly from 15 to 22 per cent in 2026 and 8 to 25 per cent in 2027. AI reasoning is the core driver, and the Enterprise Landscape AI model requires a large number of reasoned servers. Chase Morgan estimates that by 2028, the number of CPUs on the server will have increased from 26 million to 68 million, of which Argentina ' s related needs are 53 million. The PC end has been pressurized by an increase in memory prices, and the brand price has been raised to pay off at the expense of sales. In 2026, PC deliveries are expected to decline by 8 per cent and consumption by 14 per cent. Supply bottlenecks remain constraints, and none of the CPUs, panels, memory, PCB, power supply units are loose. For its part, the U.S. shares have continued to benefit A.I. Servers such as Dale, Hye and Microcomputers, and spare parts have benefited from structural trends in value migration to spare parts, such as the Arista Network, Afono, Conning, Lumentum and American Light Technology. Morgan Chase proposal: Server parts are better oriented than replacements and PC recusals。