Nvidia(US:NVDA) GOLDEN SUN SECURITIES·2025-06-02 04:25Investment Rating - Maintain "Add" rating for the industry [7] Core Insights - NVIDIA's FY26Q1 performance exceeded expectations, validating the long-term demand for AI computing power, with revenues reaching $44.1 billion, a 12% increase quarter-over-quarter and a 69% increase year-over-year [12][13] - The demand for AI infrastructure is rapidly increasing, as evidenced by CoreWeave's stock price surge from $44.32 to $111.31 within a month, highlighting the strong market for high-performance computing [18] - Major cloud providers are enhancing their capabilities to accelerate AI application deployment, with significant upgrades in computing power and infrastructure [21][27][36] Summary by Sections NVIDIA Performance - NVIDIA reported $44.1 billion in revenue for FY26Q1, with data center revenue growing 73% year-over-year, driven by the Blackwell chip contributing 70% of this segment's income [12][13] - The company is expanding its data center footprint, including a new facility in the UAE [12] Cloud Providers' Upgrades - Fire Mountain Engine launched new AI models and is set to hold a major conference to showcase further advancements [21] - Alibaba Cloud upgraded its ECS to the ninth generation, achieving a 20% increase in computing power while reducing prices by 5% [27] - Huawei Cloud introduced the CloudMatrix 384 super node, enhancing its computing architecture to meet AI demands [36] Demand for Computing Power - The report emphasizes that the demand for computing power is critical for the development of AI agents, which require substantial resources for training and real-time processing [40][48] - The increasing complexity of AI models and the need for multi-modal data processing are driving up the demand for computing resources [44][48] Investment Opportunities - Suggested companies to watch in the computing sector include Cambricon, Alibaba, and Inspur Information, among others [4][50] - In the AI agent space, companies like Kingsoft Office and Yonyou Network are highlighted as potential investment opportunities [4][50]