Nvidia(US:NVDA) Guolian Minsheng Securities·2026-03-09 23:30Investment Rating - The report maintains a "Recommended" rating for key companies such as Huadian Co., Pengding Holdings, and Shenghong Technology, indicating a positive outlook for their stock performance relative to the benchmark index [3][4]. Core Insights - The 2026 GTC conference is expected to unveil significant advancements in AI computing technologies, including new chip architectures like Rubin Ultra and Feynman, which will enhance performance and efficiency in AI applications [13][14]. - The introduction of the LPU (Language Processing Unit) by Nvidia is anticipated to address the growing demand for efficient AI inference, showcasing a shift towards specialized architectures for real-time applications [10][22]. - The report highlights the importance of power architecture upgrades and liquid cooling technologies as critical factors for the stable operation of high-performance systems, especially as power consumption increases [16][18]. Summary by Sections 1. GTC 2026 Outlook: Multi-Dimensional Technological Innovations - The GTC 2026 conference is set to reveal advancements in chip architectures, power supply, liquid cooling, CPO (Co-Packaged Optics), and storage technologies, marking a pivotal moment for AI computing [13]. - The Rubin Ultra chip, featuring 88 custom Olympus cores and 288GB HBM4 memory, is expected to support large model training and inference, with a projected bandwidth of 1.5PB/s [14]. - CPO technology is anticipated to transition from testing to large-scale commercialization, with Nvidia investing significantly in partnerships to enhance its capabilities [19]. 2. Nvidia's Potential Launch of LPU - The LPU, developed by Groq, is designed for high-speed AI inference, featuring a unique architecture that significantly reduces latency and increases energy efficiency compared to traditional GPUs [22][27]. - The LPU's architecture emphasizes software prioritization and programmable pipelines, allowing for optimized performance in AI applications [29][30]. 3. Market Performance Review - The electronic sector experienced a decline of 5.00% in the past week, with a year-to-date increase of 10.73%, outperforming the benchmark index [39]. - Key companies in the sector, such as LED and consumer electronics, showed varied performance, with LED stocks gaining while others faced declines [41].