三星近期已將部分4納米、5納米和8納米代工價格提高10%—15%；臺積電也把2026年資本開支上調至600億—640億美元，反映現有產能仍難完全匹配AI需求。 這輪漲價有利於掌握稀缺產能的存儲、晶圓代工和封裝廠商，卻會擡高服務器、PC及消費電子企業的成本。市場下一步會交易盈利上修與新增產能之間的賽跑：缺貨持續時間越長，龍頭定價權越強；若擴產速度超過AI實際用量增長，價格回落和庫存反轉會放大半導體股波動。

US Treasury Secretary Bessent said the US does control the Strait of Hormuz.

BofA analysts say uncertainty over AI monetization and intensified competition from China and the US could force AI model vendors to cut prices, undermining lofty profit expectations. Rising borrowing costs will further pressure corporate earnings. European equities already price in sustained AI spending; a reversal in AI momentum would weaken that optimism. BofA forecasts the Stoxx Europe 600 will fall about 10% to 580 by Q2 2027.