Core Viewpoint - The article highlights the significance of the "兆元宴" hosted by NVIDIA CEO Jensen Huang, which gathered key decision-makers from Taiwan's AI supply chain, indicating a strong focus on collaboration and potential market impacts in the AI sector [1]. Group 1: Event Overview - The "兆元宴" took place in Taipei, featuring prominent figures from Taiwan's AI industry, including leaders from TSMC, MediaTek, ASUS, Quanta, and Foxconn, showcasing the importance of these partnerships in the AI supply chain [1][3]. - The event is seen as a potential catalyst for stock performance among participating companies, with historical data indicating significant stock price increases for companies involved in the previous year's event [1]. Group 2: Stock Performance Insights - According to Yahoo Finance, among the 20 listed companies that participated in last year's "兆元宴," Delta Electronics saw the highest stock price increase of 270%, followed by Xinxing at 166% and Yidong at 147%, while TSMC's stock rose by 111%, with an average increase of approximately 34% across the 20 companies [1].

Core Viewpoint - The article emphasizes the long-term impact of artificial intelligence (AI) on the market and identifies three stocks—Alphabet, Microsoft, and Taiwan Semiconductor Manufacturing—as strong investment opportunities for the future [1][2]. Group 1: Alphabet - Alphabet has regained its position as a leading player in the AI sector, with its Gemini generative AI model being one of the best available [3]. - The company possesses unique advantages, such as access to personal information, which allows Gemini to create tailored experiences for users, a feature that competitors cannot replicate [3][5]. - Alphabet's substantial resources enable it to sustain operations at a loss longer than smaller competitors, positioning it to dominate the market in the future [5][6]. Group 2: Microsoft - Microsoft adopts a partnership approach in the AI landscape, holding a significant stake in OpenAI and providing access to multiple AI models through its Azure cloud platform [7]. - This neutrality in AI model selection has contributed to Azure's rapid growth compared to its competitors [7][9]. - Microsoft is viewed as a solid investment in the AI sector, with its strategy likely to yield gradual gains as AI adoption increases [9]. Group 3: Taiwan Semiconductor Manufacturing - Taiwan Semiconductor is crucial for AI technology, as it manufactures chips that power major computing players like Nvidia, which only designs chips [10]. - Despite concerns about the longevity of AI computing capacity, the short lifespan of GPUs (typically one to three years) suggests ongoing demand for chips, ensuring a steady market for Taiwan Semiconductor [12]. - The company is still in the early stages of benefiting from AI growth, with many announced data centers not expected to become operational until several years later, making it a compelling long-term investment [13].

除了黄仁勋坐在照片第一排正中央，黄仁勋右手边坐着台积电董事长魏哲家、联发科执行长蔡力行、华硕董事长 施崇棠，左手边则坐着广达董事长林百里、广达副董事长梁次震、纬创董事长林宪铭，鸿海董事长刘扬伟以及和 硕董事长童子贤则站在第二排、黄仁勋正后方。 全台AI 产业链的核心人物一次框进同一个画面，从芯片、服务器、零组件到系统整合，市场也关注兆元宴可能会 带动哪些公司表现。 根据《Yahoo股市》盘点20档去年参与兆元宴的上市公司到2026年1月30日，股价上涨最多的为台达电270%，欣兴 166%、宜鼎147%，权王台积电也多达111%，而20档平均上涨约34%。 照片中具体名单如下： 跟黄仁勋同坐第一排的，包括华硕（董事长施崇棠、联发科副董事长蔡力行、台积电董事长魏哲家、广达董事长 林百里、副董事长梁次震、纬创董事长林宪铭，业界戏称是礼让70岁或是头发已白德高望重的供应链大老优先入 座。 来源：EETOP 昨晚，英伟达CEO黄仁勋在台北「砖窑」宴请供应链伙伴，兆元宴(台湾用语，兆相当于万亿)正式开席前，现场 就先拍下一张大合照，镜头里是台湾地区甚至全球AI供应链的关键决策者，可说是全台最有钱的一张照片。 第二排之后 ...

格隆汇2月1日｜1月31日晚间，英伟达CEO黄仁勋现身中国台湾台北市砖窑古早味怀旧餐厅，宴请了35 位与英伟达合作的供应链厂商高管，不过实际到场约有接近40位台企高管，有1位是大陆企业高管。 现场唯二女性，除了纬颖董事长洪丽宁外，另一位是显卡大厂同德股份有限公司CEO刘盈君，她上次也 有受邀出席。 此次宴会合影环节，第一排特地安排椅子座位，跟黄仁勋同坐第一排的包括华硕董事长施崇棠、联发科 副董事长蔡力行、台积电董事长魏哲家、广达董事长林百里及副董事长梁次震、纬创董事长林宪铭，业 界戏称是礼让70岁或是头发已白德高望重的供应链大佬优先入座。 第二排之后依序为英业达董事长叶力诚、矽品董事长蔡祺文、鸿海董事长刘扬伟、和硕董事长童子贤、 纬创总经理林建勋、技嘉总经理林英宇及李宜泰、纬颖董事长洪丽宁、奇鋐董事长沈庆行、广达资深副 总杨麒令、微星董事长徐祥、仁宝董事长陈瑞聪、 英业达总经理蔡枝安、工业富联董事长郑孟弘、光 宝总经理邱森彬、台达电董事长郑平、和硕共同执行长郑光志与邓国彦。京元电子总经理张高薰、华擎 总经理许隆伦、永擎总经理沙韦旭、宏碁董事长陈俊圣、华硕共同执行长许先越及胡书宾、研华总经理 张家豪、鸿佰科技董 ...

公众号记得加星标⭐️，第一时间看推送不会错过。 英伟达首席执行官黄仁勋昨晚宴请供应链伙伴高层，「兆元宴」再度登场。黄仁勋表示，台积电今年 必须要非常努力工作，因为英伟达需要很多晶圆，他预期「未来十年台积电的产能可能会成长超过百 分之百，是非常显著的规模扩张，而光是为英伟达的需求就得翻倍」。 黄仁勋再度选在台北砖窑古早味怀旧餐厅举行「兆元宴」，和供应链伙伴餐叙，出席的包括台积电董 事长魏哲家、联发科首席执行官蔡力行、广达董事长林百里、英业达董事长叶力诚、纬创董事长林宪 铭、鸿海董事长刘扬伟、宏碁董事长陈俊圣、矽品董事长蔡祺文、和硕董事长童子贤、共同首席执行 官郑光志及邓国彦、华硕董事长施崇棠、共同首席执行官胡书宾及许先越、纬颖董事长洪丽寗、台达 电董事长郑平、仁宝董事长陈瑞聪以及云达总经理杨麒令等人。餐叙结束后黄仁勋亲自送魏哲家离 开，显见对台积电的重视程度。 黄仁勋说，台积电今年要非常努力工作，因为英伟达需要很多晶圆和CoWoS，他也说，台积电做得 非常好。英伟达已经全面投产Blackwell、Vera Rubin芯片，而Vera Rubin包含六款不同的芯片，每 款都是世界上最先进的芯片。黄仁勋强调，今年英 ...

Core Viewpoint - Taiwan Semiconductor Manufacturing Company (TSMC) has significantly raised its long-term outlook due to strong performance and demand in the semiconductor industry, particularly driven by artificial intelligence (AI) growth [1][2]. Group 1: Company Performance - TSMC's stock price has increased by 72% since the beginning of 2025, bolstered by impressive fourth-quarter earnings results [2]. - The company holds a dominant 72% market share in the semiconductor manufacturing sector, benefiting from high demand from major clients like Nvidia and Broadcom [3]. - TSMC's technology leadership is recognized as unmatched, allowing it to attract significant contracts and invest in further capacity and R&D [3]. Group 2: Financial Outlook - Management has projected capital expenditures for 2026 to be between $52 billion and $56 billion, representing a 32% increase at the midpoint [6]. - The five-year compound annual growth rate outlook has been raised from 20% to 25%, indicating continued annual growth of approximately 22.4% through the end of the decade [7]. - TSMC's gross margin stands at 59.02%, and the company is expected to maintain high pricing power, leading to improved operating margins and faster earnings growth [7]. Group 3: Market Position - TSMC's stock is currently trading at less than 24 times forward earnings expectations, making it attractive compared to competitors like Broadcom and Nvidia, which trade at 41 and 32 times earnings, respectively [8]. - Despite a strong performance in 2025, TSMC is not expected to experience a significant slowdown in 2026, indicating potential for further stock price appreciation [8].

在接受采访时，黄仁勋谈到供应链的动态。他表示，今年英伟达需求非常强劲，英伟达正在全力生产 Blackwell芯片，同时生产Rubin芯片。台积电今年必须要非常努力工作，因为英伟达需要很多晶圆和 CoWoS产能，台积电现在做得非常好。他还表示，台积电在未来10年可能会增加100%产能，这是规模 很大的基础设施投资。 格隆汇1月31日｜据一财，英伟达CEO黄仁勋春节前访华到达上海、北京、深圳后，近日又到达台湾。 此次行程中，黄仁勋与当地供应商的交流备受关注。1月31日晚间，黄仁勋宴请了英伟达的供应链伙 伴，参加晚宴的包括纬创董事长林宪铭、台积电董事长魏哲家、广达创始人林百里及副董事长梁次震、 和硕集团董事长童子贤、鸿海董事长刘扬伟、仁宝董事长陈瑞聪、联发科执行长蔡力行、华硕创始人施 崇棠等。晚宴结束后，黄仁勋送魏哲家离开。 ...

Core Viewpoint - Taiwan Semiconductor Manufacturing Company (TSMC) is leading the AI chip supply chain with superior technology and scale, indicating potential long-term growth despite existing risks [1]. Group 1: Company Performance - TSMC is experiencing explosive demand for its AI chips, which is contributing to strong profit margins [1]. - The stock prices referenced are from January 26, 2026, suggesting a focus on recent market performance [1]. Group 2: Market Outlook - There is a question regarding whether Wall Street has already factored in the potential upside for TSMC, indicating a need for investors to assess current valuations [1]. - The long-term upside potential remains a key consideration for investors, despite the presence of risks [1].

2026.01.31 本文字数：1178，阅读时长大约2分钟 作者 |第一财经 郑栩彤 黄仁勋春节前访华到达上海、北京、深圳后，近日又到达中国台湾，宴请当地供应链厂商，并在接受采 访时回答了关于投资OpenAI、AI基础设施建设的话题。 据当地媒体报道，1月31日，黄仁勋到达中国台湾第三天，出现在台北四平商圈，并采购了蜜饯。黄仁 勋现场称，水果干、各类花生糖和其他零食都非常棒，是他儿时的味道。 此次行程中，黄仁勋与当地供应商的交流备受关注。1月31日晚间，黄仁勋宴请了英伟达的供应链伙 伴，参加晚宴的包括纬创董事长林宪铭、台积电董事长魏哲家、广达创始人林百里及副董事长梁次震、 和硕集团董事长童子贤、鸿海董事长刘扬伟、仁宝董事长陈瑞聪、联发科执行长蔡力行、华硕创始人施 崇棠等。晚宴结束后，黄仁勋送魏哲家离开。 针对ASIC（专用集成电路）带来的竞争，黄仁勋表示，ASIC一直有需求，但英伟达做的事情非常不一 样。一方面，英伟达不只做一种芯片，而是参与到整个AI基础设施建设过程，做的产品包括CPU、 GPU、网络芯片、交换器芯片等。另一方面，英伟达与几乎所有AI公司合作，包括谷歌。此外，英伟 达与每一个云都相关，一些 ...

Core Viewpoint - Huang Renxun's recent visit to Taiwan highlights Nvidia's strong demand and ongoing investments in AI infrastructure, emphasizing the company's commitment to expanding its production capabilities and partnerships in the AI sector [3][4][6]. Group 1: Nvidia's Demand and Production - Nvidia is experiencing robust demand this year and is fully engaged in the production of Blackwell and Rubin chips, indicating a strong growth trajectory for the company [4]. - TSMC is expected to significantly increase its production capacity by 100% over the next decade, which represents a substantial infrastructure investment to meet Nvidia's needs for wafers and advanced packaging technology [4]. Group 2: Competitive Landscape - Huang Renxun asserts that while ASICs (Application-Specific Integrated Circuits) have demand, Nvidia's approach is unique as it encompasses the entire AI infrastructure, producing a range of products including CPUs, GPUs, and networking chips [5]. - The assertion that ASIC shipments will surpass those of GPUs is dismissed, with Huang emphasizing that achieving better ASICs than Nvidia's products requires superior R&D capabilities, which many companies are attempting but have not yet succeeded [5]. Group 3: Investment in OpenAI - Reports suggest that Nvidia's $100 billion investment plan in OpenAI has stalled due to Huang's concerns, but he clarified that the partnership remains intact and Nvidia is considering participating in OpenAI's new funding round [6]. - Huang noted that the AI infrastructure development is at its inception and will take approximately 10 years, necessitating global computing facilities, including new factories in Taiwan, the US, Europe, Japan, and Southeast Asia [6].