An array substrate and a display panel. The array substrate provided in the embodiments of the present application includes: a base including a flat portion and a recess portion so that the base includes a concave hole corresponding to the bending area; a semiconductor component layer provided on the base and including a plurality of interlayer insulation layers and a plurality of metal layers, the interlayer insulation layers being not aligned horizontally in the peripheral area and the wire switching area to form a stepped hole including a first hole and a second hole, wherein a third metal layer of the metal layers extends along a sidewall and a bottom of the stepped hole and is electrically connected to a first metal layer of the metal layers.