机械行业CES 2025黄仁勋演讲机器人部分点评：物理AI时代来临，英伟达Cosmos平台开启机器人训练新篇

Investment Rating - The report maintains a "Buy" rating for the mechanical industry, indicating an expected investment return exceeding the market benchmark index by more than 15% over the next 6-12 months [4]. Core Insights - The advent of physical AI is marked by NVIDIA's launch of the Cosmos platform, which enables the generation of high-quality synthetic data for training robots and autonomous driving systems [6][7]. - The Cosmos platform includes three models: Nano (15 billion parameters), Super (34 billion parameters), and Ultra (70 billion parameters), trained on 18 trillion tokens, including 20 million hours of real-world data [2][3]. - The report anticipates 2025 as the year of maturity for humanoid robots, driven by large-scale deployment and enhanced training efficiency through NVIDIA's generative development platform [3]. Summary by Sections Industry Overview - The report highlights the significance of NVIDIA's Cosmos platform in reducing the high costs associated with developing physical AI models, which traditionally require extensive real-world data and testing [1][2]. - The platform's ability to generate controllable and realistic synthetic data is expected to facilitate the training of robots and autonomous systems more cost-effectively than traditional data collection methods [1][2]. Investment Opportunities - The report suggests focusing on companies involved in high-complexity dexterous hands and cost reduction in screw production, including Zhaowei Electromechanical, Mingzhi Electric, and others [3]. - The report emphasizes the importance of training for generalization capabilities in humanoid robots, which is currently limited by the availability of high-quality real-world motion data [2][3]. Market Performance - The mechanical industry has shown a comparative performance against the CSI 300 index, with fluctuations noted in the past year [5].