When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...

1. 【OpenAI将发布"超级应用"：整合ChatGPT等三大平台、开发智能体】3月20日消息，据报道， OpenAI正计划将其ChatGPT应用、编码平台Codex以及浏览器整合为一款桌面级"超级应用"，以简 化用户体验，并持续推进其聚焦于工程及企业客户的战略。OpenAI称，公司正专注于在新的超级应 用中打造所谓的"智能体"AI功能。在这种模式下，AI系统能够在用户的计算机上自主工作，执行包括 编写软件和分析数据在内的各种任务。OpenAI总裁格雷格·布罗克曼(Greg Brockman)目前领导公司 计算工作，他将暂时负责此次产品改造及相关组织架构调整。OpenAI发言人称，应用部门负责人菲 吉·西莫(Fidji Simo)则将领导公司的销售团队，负责新产品的市场推广工作。（同花顺） 2.【AI数字艺人"撞脸"明星是否侵权？专家：关键看能否识别出真人】上海一家影视传媒公司发布视 频，签约两位AI数字艺人秦凌岳、林汐颜，并计划推出AI剧集。此举引发网友热议，焦点集中在AI数 字艺人外貌"撞脸"多位明星是否构成侵权。法学专家指出，判断是否侵权需综合多方面因素，关键在 于公众能否从AI数字艺人形象中识别出真 ...

美股再遭猛烈抛售。 隔夜美股市场全线大跌，纳指重挫超2%，标普500指数大跌1.51%，大型科技股集体收跌。消息面上，据新华 社报道，美国军方正在向中东地区增派3艘军舰和约2500名海军陆战队员。 有分析指出，中东紧张局势持续升级，加剧了市场对战争持续更长时间的担忧，VIX恐慌指数大涨超11%。另 外，能源冲击引发的通胀担忧彻底重塑了全球利率预期，市场不再押注美联储年内降息。 值得一提的是，在美股收盘后，据央视新闻报道，当地时间3月20日，美国总统特朗普在其社交媒体"真实社 交"发文表示，随着他们考虑逐步降级在中东针对伊朗政权所开展的各项重大军事行动，他们已非常接近实现 既定目标。 全线大跌 美东时间3月20日，美股三大指数低开低走，截至收盘，标普500指数大跌1.51%，纳指大跌2.01%，双双收于 2025年9月以来的最低水平；道指跌0.96%，为去年10月以来最低收盘价。 美股大型科技股集体重挫，英伟达、特斯拉大跌超3%，谷歌、Meta大跌超2%，微软、亚马逊跌超1%，苹果 收跌0.39%。 费城半导体指数大跌2.45%，Coherent大跌近8%，英特尔大跌5%，阿斯麦跌超3%，博通跌近3%。 存储概 ...

股 票 研 究 LPU 融入推理体系，全栈设计能力塑造领先优势 英伟达(NVDA.O) ——2026 英伟达 GTC 大会点评 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | [Table_Invest] 评级： | 增持 | | --- | --- | --- | --- | --- | --- | | 秦和平(分析师) | 0755-23976666 | qinheping@gtht.com | S0880523110003 | | | | 刁云鹏(研究助理) | 021-38674878 | diaoyunpeng@gtht.com | S0880125070016 | [当前价格 Table_CurPrice] (美元)： | 178.56 | 英伟达 2026GTC 大会聚焦 Token 需求爆发与新一代架构演进，通过 Rubin 和 LPU 体系持续提升算力效率，推动 AI 进入以推理与 Agent 为核心的新阶段。 投资要点： | 财务摘要(百万美元) | 2025A | 2026A | 2027E | 2028E | 2029E | | --- | --- | - ...

Investment Rating - The report suggests a focus on high-end PCB supply chain, upstream materials, liquid cooling sector, and CPO-related investment opportunities [4][18]. Core Insights - The NVIDIA GTC conference highlighted significant growth in demand for AI computing, with a projected cumulative demand for Blackwell and Rubin reaching at least $1 trillion by 2027, up from a previous estimate of $500 billion for 2026 [4][15]. - The introduction of the Rubin Ultra architecture confirmed the use of orthogonal backplane interconnects, alleviating market concerns and indicating a promising penetration rate for 2027 [4][15]. - The launch of Groq 3 LPU inference servers is expected to significantly increase the demand for high-layer PCBs and materials upgrades due to their complex memory architecture [4][15]. - The report indicates a gradual coexistence of CPO and copper interconnects in future architectures, suggesting a longer lifecycle for copper interconnects and potential recovery opportunities in that sector [4][15]. - Full liquid cooling solutions are gaining traction, reducing market concerns about penetration rates and moving towards a full liquid cooling phase [4][15]. Industry Review - The electronic industry experienced a decline across various segments during the week of March 9-13, 2026, influenced by global risk factors, with the PCB sector showing relatively smaller declines [6]. - Valuation metrics indicate that LED and optical components have high PE-TTM ratios, while panels and consumer electronics have lower ratios [6]. Industry Events - The NVIDIA GTC conference took place from March 16-19, 2026, focusing on AI advancements and new paradigms in AI factories [14]. - The OFC conference from March 15-19, 2026, emphasized significant expansion plans for optical module core components and materials, with expectations for substantial growth in global optical module demand by 2027 [16]. - Counterpoint forecasts that Apple will capture a 28% market share in the global foldable smartphone market in 2026, driven by the introduction of its first foldable iPhone [17].

英伟达公司与AI创业公司Groq达成的一项200亿美元的授权协议，目前正面临两名民主党参议员的调查。该调查的重点是，这项协议是否通过不当规避并购 审查、非法巩固英伟达在AI计算市场的支配地位，从而违反反垄断法规。 截至发稿，英伟达发言人尚未就此置评。 他们还要求英伟达披露与Groq交易的具体条款，以及该交易是否被刻意设计以规避反垄断审查。 英伟达与Groq达成的这项协议在2025年底完成，扩大了其对AI热门公司的投资，并为其产品引入了一项新技术。该协议让英伟达获得了Groq技术的非排他 性授权，同时吸纳了该创业公司部分高管，包括CEO乔纳森·罗斯(Jonathan Ross)。尽管Groq仍作为独立公司运营，其云业务也继续保持独立运作，但其大部 分软件工程师和硬件设计师均已加入英伟达。 Groq并未将这项许可协议提交进行反垄断审查，尽管美国联邦反垄断法通常要求企业将大多数收购交易提交审查。近年来，亚马逊公司、微软公司以及谷 歌公司均与创业公司达成了授权及人才收购协议，从而规避反垄断审查。 美国联邦贸易委员会主席安德鲁·弗格森(Andrew Ferguson)在今年1月表示，该机构正在审查此类交易。 美国马萨诸 ...

记者｜黎雨桐 见习记者林芊蔚 编辑｜张楠 北京时间3月21日，美股三大指数集体收跌。道指跌0.96%，本周累跌2.11%，连续四周下跌， 创下自2023年2月以来最长的周线连跌纪录；纳指跌2.01%；标普500指数跌1.51%。 欧洲主要股指收盘普跌。德国DAX 30指数跌2%，法国CAC40指数跌1.82%；意大利MIB指数 跌1.97%；英国富时100指数跌1.44%。 | 道琼斯工业 | 纳斯达克指数 | 标普500 | | --- | --- | --- | | 45577.47 | 21647.61 | 6506.48 | | -443.96 -0.96% -443.08 -2.01% -100.01 -1.51% | | | | 美国科技七巨头 中概科技龙头 | | 中国金龙 | | 59068.36 | 3623.68 | 6742.84 | | -1226.84 -2.03% -92.11 -2.48% -202.55 -2.92% | | | | 道琼斯期货 | 纳斯达克100期 | 标普500期货 | | 46110 | 24217.25 | 6588.50 | | -231 -0.50% ...

Welcome to GTC. The inference inflection has arrived. I believe that computing demand has increased by one million times in the last two years.AI now has to think. In order to think. it has to inference. In order to do, it has to inference. AI has to read.In order to do so, it has to inference. Finally, AI is able to do productive work and therefore the inflection point of inference has arrived. Tokens are the new commodity.On the vertical axis is throughput. On the horizontal axis is token rate. And so thi ...

Nvidia and Disney's robotics partnership is impressive, until you realize poor robot Olaf would have to deal with actual humans.Listen in and subscribe to @EquityPod for the rest of our GTC debrief: https://t.co/w8uea1d8n0 https://t.co/j3ghGELP0F ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...