---
title: "海内外资金持续涌入，A 股半导体板块获青睐"
description: "海内外资金持续涌入 A 股半导体板块，受 AI 需求激增和国内政策支持影响，板块与美股同步上涨。尽管短期估值高位，存在调整压力，但中长期看，AI 引领的科技浪潮将推动产业进入新增长周期。国产化加速和行业供需优化背景下，具备核心技术的企业有望持续受益，板块长期成长逻辑依然清晰。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/273762091.md"
published_at: "2026-01-27T00:10:14.000Z"
---

# 海内外资金持续涌入，A 股半导体板块获青睐

> 海内外资金持续涌入 A 股半导体板块，受 AI 需求激增和国内政策支持影响，板块与美股同步上涨。尽管短期估值高位，存在调整压力，但中长期看，AI 引领的科技浪潮将推动产业进入新增长周期。国产化加速和行业供需优化背景下，具备核心技术的企业有望持续受益，板块长期成长逻辑依然清晰。

年初以来，AI 需求激增带动全球存储涨价，叠加国内政策持续发力，A 股半导体板块与美股同步迎来显著上涨，海内外资金借道 ETF 积极布局。不过，随着板块积累较大涨幅，波动也随之加剧。站在当下时点，机构认为，尽管半导体板块短期估值已处高位、存在调整压力，但从中长期维度来看，由人工智能（AI）引领的全球科技浪潮正推动产业进入新一轮增长周期。在国产化进程加速、行业供需格局逐步优化的大背景下，具备核心技术与生态壁垒的企业有望持续受益，板块长期成长逻辑依然清晰。（上证报）

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