Nvidia(US:NVDA) Zheng Quan Shi Bao Wang·2025-09-28 23:40Core Insights - The article highlights the growing concerns about the potential bubble in AI stocks, driven by overvaluation, technological bottlenecks, and funding competition [1] - NVIDIA and OpenAI have announced a significant investment plan, committing $100 billion to build a 10 gigawatt-level super AI data center and deploy millions of GPUs to support the training of next-generation large language models [1] - The global AI race is entering a new phase characterized by "super large scale, super high energy consumption, and super high investment," marking the beginning of a competition for AI infrastructure [1] Industry Trends - The AI computing industry chain is being fully activated, encompassing everything from chips to liquid cooling technology, and from computing clusters to energy support [1] - The focus of competition among nations is shifting from "model competition" to a more fundamental and core "computing power competition" [1]