Chinese Listed Computing Firms Signal Strong Q3 Earnings on AI Hardware Demand

The signal here is less about any single company than about where AI capex is actually landing: servers, testing gear and cooling components, plus the PCB layer that connects them. Full capacity and sold-out order books among board makers suggest the bottleneck has shifted from chip supply toward supporting hardware, which matters for the industrial and materials names tied to that buildout. Whether that capacity tightness persists, or prompts enough expansion to relieve it, is the open question.