智慧浪潮席捲車電雙星，原物料市場暗潮洶湧
2026-03-19
在智慧浪潮的推動下，科技巨頭們正加速AI領域的佈局，預示著產業的深度轉型與潛力釋放。 同時，全球汽車市場面臨新車款導入與關稅政策的雙重考驗，而原物料市場也因供應鏈變數與需求預期而暗潮洶湧，為經濟前景增添複雜性。
本週市場資訊揭示，科技巨頭正持續深入AI領域，從伺服器到智慧城市，預告著產業轉型的巨大潛力。汽車產業則將關注點放在新車款引入與關稅政策變化，這將影響未來的銷售動能。與此同時，國際原物料市場因對供應鏈的擔憂及需求預期而呈現波動，為全球經濟增添了不確定性。
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汽車產業：新車款與政策牽動銷售脈動
全球汽車市場在電動化趨勢與供應鏈重塑下，新車導入策略及關稅政策成為影響銷售與獲利的重要關鍵。
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新車導入策略
- 裕日車(2227)將引進美製和歐規車型，預期帶動明年業績成長，短期油價波動影響有限。
關稅政策影響
- 和泰車(2207)正密切關注最終關稅政策結果，並評估引進美製大型休旅或皮卡車款以因應市場需求。
消費性電子：AI浪潮引領產業轉型與成長
在AI技術的全面推進下，消費性電子產業正經歷結構性變革，從伺服器到智慧應用，都展現強勁成長動能。
AI伺服器與電競市場
- 微星(2377)預估今年AI伺服器業務將有50-100%增長，同時電競與板卡產品價格喊漲，第一季毛利率已見回穩。
鴻海集團AI佈局
- 鴻海(2317)集團訂下階段五年轉型計畫，目標成為AI時代最可信賴產業平台，並宣布與SAP戰略合作加速AI轉型。
- 鴻海(2317)去年每股盈餘13.61元，擬配發每股7.2元現金股利，並預期今年AI機櫃出貨將實現倍數成長。
智慧城市應用
- 中保科(9917)在2026智慧城市展中，展示從傳統自動化跨足自主智慧，積極打造AI CITY解決方案。
電子零組件：AI與新應用驅動成長動能
隨著AI伺服器、低軌衛星等新興應用的崛起，電子零組件產業正迎來關鍵成長期，多家公司積極佈局以搶佔市場先機。
AI與伺服器相關成長
- 廣宇(2328)預期第二季營收將隨AI伺服器放量而增長，全年業績力拚雙位數成長。
- 定穎(6251)上半年營運保守，但預估下半年AI相關產品將陸續產出，泰國廠力拚第四季轉虧為盈。
- 嘉澤(3533)受惠於伺服器市場展望佳，預期今年營收將挑戰15%增長，營運有望創歷史新高。
新興應用與佈局
- 聯德控股-KY(4912)、信錦(1582)、事欣科(4916)受惠於SpaceX星鏈業務超旺，其低軌衛星相關業務有望實現翻倍成長。
- 中探針(6217)積極爭取打入鴻海充電模組內墊片供應鏈，股價自二月以來強勁上漲約168%。
產能與材料發展
- 優群(3217)四大產品線展望皆正向，設定今年營收雙位數成長目標，獲利力拚再創新高。
- 台虹(8039)市場聚焦其PTFE材料題材，產品正處於送樣與跨認證階段，短線股價飆漲。
- 臻鼎-KY(4958)去年每股盈餘6.91元，公司目前正處於成立以來最大規模的產能擴充期。
- 崇越(5434)隨著海外佈局成形，預估2026年三大業務營收將同步實現雙位數成長。
國際原物料：油金震盪，基本金屬承壓
全球經濟不確定性與地緣政治緊張，使得國際原物料市場波動加劇，能源、貴金屬及基本金屬走勢各異，考驗市場敏感度。
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能源市場動態
- 原油：受供應擔憂加劇影響，NYMEX原油價格上漲2.9%，顯示短期供應面仍存在壓力。
- 燃油：部分中港航企已上調燃油附加費，部分航線甚至翻倍，反映運輸成本壓力升高。
市場觀察： 原油市場因供應擔憂而價格上漲，部分航企也因此上調燃油附加費，顯示能源成本壓力正持續擴大。
貴金屬與基本金屬概況
- 黃金：市場等待FED決議，COMEX黃金價格小幅上漲0.1%，儘管通膨威脅帶來短期阻力，長期仍具支撐。
- 銅：秘魯1月銅產量年增3%，主要由大型銅礦增產帶動，供給面略有緩解。
- 鋁土礦：幾內亞正考慮實施鋁土礦出口配額，以應對收入遭壓縮的狀況，可能影響全球供應。
- 基本金屬：LME基本金屬因擔憂經濟衝擊而多數下跌，顯示市場對未來經濟前景持謹慎態度。