Nvidia(US:NVDA) 智通财经网·2025-10-23 00:18Group 1: Nvidia's New Product and Market Impact - Nvidia is set to launch its new product series, Rubin, in the second half of next year, utilizing M9 materials for its CPX and midplane PCBs due to a shortage of quartz fabric [1] - The Rubin CPX is designed specifically for long-context AI inference tasks, featuring a decoupled inference architecture and significant hardware innovations, which are expected to expand its market size [1] - According to CICC, the AI PCB market for Nvidia is projected to reach $6.96 billion by 2027, representing a 142% increase from 2026 [1] Group 2: PCB Industry Growth Driven by AI - The global PCB market is expected to grow from $62 billion in 2020 to $75 billion by 2024, with a compound annual growth rate (CAGR) of 4.9% [2] - The demand for high-performance PCBs is anticipated to rise significantly due to the higher value of AI server PCBs compared to traditional servers, with low dielectric constant materials being preferred [3] Group 3: Recommendations for M9 and Related PCB Manufacturers - Strong recommendations have been made for M9 upstream and related PCB manufacturers, with companies like Kintor achieving a revenue of HKD 9.588 billion in the first half of the year, a year-on-year increase of 11% [4] - Kintor Group is actively developing high-frequency and high-speed products for AI server GPU motherboards and plans to establish an AI PCB production line in Guangdong with an investment of approximately RMB 800 million to 1 billion [4]