NVLinkFusion助力多体系融合，持续布局机器人等领域

Investment Rating - The report maintains a recommendation for the industry, indicating a positive outlook for investment opportunities [5]. Core Insights - NVIDIA is transitioning from a chip company to an AI infrastructure company, focusing on building intelligent infrastructure based on power and internet, with advancements in AI, robotics, and quantum computing [1][12]. - The introduction of the GB300 chip, which offers a 1.5x improvement in inference performance compared to the GB200, highlights NVIDIA's commitment to enhancing AI capabilities [2][39]. - The NVLink Fusion platform allows for the creation of semi-custom AI infrastructure, enabling users to mix NVIDIA's CPUs, GPUs, and third-party hardware [2][54]. - NVIDIA's open-source initiatives, such as Isaac Groot N1.5, aim to advance humanoid robotics and establish a supercomputer ecosystem in Taiwan [3][46]. Summary by Sections Industry Overview - NVIDIA's CEO emphasized the evolution of AI from perception and reasoning to autonomous decision-making, aiming for physical AI that can execute real-world tasks [1][12]. - The company is actively pursuing advancements in 5G/6G and quantum computing, indicating a strategic focus on future technologies [1]. Product Developments - The GB300 chip is set to launch in Q3 2025, featuring a 1.5x increase in inference performance and enhanced memory capabilities [2][39]. - The NVLink Fusion platform is a groundbreaking solution for building flexible AI infrastructure, allowing for a mix of NVIDIA and third-party components [2][54]. - The DGX Spark and DGX Station are new AI computing systems designed for developers and researchers, capable of handling large AI models [2][64][66]. Strategic Collaborations - NVIDIA is collaborating with partners like Foxconn and TSMC to establish a large AI supercomputer in Taiwan, enhancing the region's AI infrastructure [3][46]. - The report highlights the importance of a robust ecosystem involving over 150 companies to support the development of NVIDIA's technologies [50][62]. Market Performance - The industry has shown a 38.9% absolute performance increase over the past 12 months, indicating strong growth potential [7].