Investment Rating - Industry View: In-Line [4] Core Insights - The AI supply chain is expected to see strong demand for GB200 NVL72 racks in 2025, followed by simpler designs for AI inference and enterprise segments into 2026 [1] - Liquid cooling solutions and high-speed data transmission are highlighted as key areas for technological enhancement [1] - Nvidia's GB200 NVL72 has been confirmed as the primary focus, with the NVL36 phased out [2][3] - The MGX GB200 NVL2 server, launched recently, is designed for inference applications and may transition to a 4U form factor due to thermal issues [3] - Wistron showcased its own design for the GB200 NVL72 compute tray, differing from Nvidia's reference design, which aims for better heat dissipation [5] - The absence of ZT Systems from the GB200 NVL72 partners indicates potential risks in partnerships following its acquisition by AMD [6] - OCP is promoting simplified power supply designs to accelerate AI server rack deployment, with a focus on high power rack solutions [7] - Integrated liquid cooling solutions are gaining traction, with several vendors offering comprehensive designs to improve performance [7]
摩根士丹利：大中华区科技硬件_2024 OCP全球峰会明信片
摩根大通·2024-10-24 10:13