Nvidia(US:NVDA) Xuan Gu Bao·2025-08-24 23:45Group 1 - Nvidia launched Spectrum-XGS Ethernet, enabling cross-data center interconnectivity and overcoming building limitations, with cloud providers like CoreWeave already deploying it [1] - The demand for AI is driving the need for data centers to expand beyond their current power and capacity limits, necessitating advancements in network infrastructure [1] - InfiniBand (IB) and Ethernet are two prevalent network technologies, with IB offering superior performance in bandwidth, latency, and reliability, while Ethernet is more cost-effective and widely compatible for general applications [1] Group 2 - Guosen Securities views Spectrum-XGS as a groundbreaking product that introduces cross-regional expansion as the "third pillar" of AI computing, allowing for the creation of AI super factories with a billion-watt capacity [2] - Major domestic players like Huawei, Tencent, and Alibaba are accelerating the deployment of super node solutions, with Huawei showcasing its Ascend 384 super node at the 2025 World Artificial Intelligence Conference [2] - The Scale Up switch and switch chip market in China is projected to reach 66.9 billion and 21.4 billion yuan by 2028, with the potential to double the market space for switches and switch chips [3] Group 3 - Core manufacturers in the switch market include Huakong Technology and Unisplendour, while OEMs include Feiling Kesi and Gongjin Shares [3]