BOC International: Proposals to increase the 2027-2028 global AI accelerator shipment forecast focus on SMIC (00981) and others

The Zhitong Finance App learned that BOC International released a research report saying that according to major accelerator companies' guidelines for 2027 and beyond, the bank believes that the market may have better visibility into accelerator shipments after 2027. The growth rate of the global accelerator market is more optimistic than the previous forecast. It raised the accelerator shipment forecast for 2027 and 2028 to 35.51 million units and 52.34 million units, respectively.

The bank believes that the increase in the visibility of AI accelerator shipments may help AI-related chip and hardware companies to recover valuations in the short term, and that the increase in AI accelerator chip shipments may drive demand for related optical modules, memories, PCBs, etc. In the short to medium term, the rise of AI agents may further increase CPU and memory demand, further exacerbate the shortage of supply, and prolong the upward cycle.

On the target side, the bank suggests focusing on AMD (AMD.US) in the CPU direction and SK Hynix in the memory direction. At the same time, it believes that large market value accelerators and foundry company valuations are more attractive. It is recommended to focus on Broadcom (AVGO.US), Nvidia (NVDA.US), Taiwan Semiconductor Manufacturing Company (TSM.US), and SMIC (00981).