TrendForce Analysis estimates that the total shipment volume of MLCC suppliers in the fourth quarter of 2024 is around 1205 billion pieces, with a 3.6% quarterly decrease. The forecasted orders for laptops released by ODMs in the fourth quarter are expected to decrease by an average of 5% to 8%. On the other hand, the demand for AI servers continues to rise. Although the NVIDIA Blackwell GPU production was delayed until mid-fourth quarter due to mask design adjustments, the market demand for the Hopper architecture keeps growing. In the fourth quarter, orders for H100/H200 GPUs increased by 65%, and orders for the reduced-size H20 GPU also increased by 33%. These circumstances simultaneously drive the American CSP customers' demand for 400G Switch switches and Amazon (AWS)'s AI accelerator cards (using Annapurna network chips), which continue to grow. As a result, the forecasted order volume for some network factories in the fourth quarter is expected to increase by nearly 15%. TrendForce Analysis points out that there is not much change in the demand for advanced MLCC stocking in the fourth quarter. Suppliers in Japan and South Korea will have more time to plan capacity reallocation to cope with the increasing demand for next year's GB200 orders.