Nvidia(US:NVDA) 光大证券研究·2025-05-21 14:00Core Viewpoint - Vertiv plans to launch an 800 VDC power product series in the second half of 2026, aligning with NVIDIA's AI development roadmap, which will support the next-generation AI data centers [3][4]. Group 1: Product Launch and Collaboration - Vertiv will introduce a series of 800 VDC power products, including centralized rectifiers, efficient DC busbars, rack-level DC-DC converters, and DC backup systems [4]. - The product launch is strategically timed to precede NVIDIA's Kyber and Rubin Ultra platform releases, ensuring compatibility with NVIDIA's next-generation computing platforms [4]. Group 2: Industry Trends and Future Outlook - The HVDC technology is expected to gradually replace UPS systems due to several factors: the increasing power demands of AI technologies, which exceed 300kW per rack, and HVDC's efficiency in reducing copper usage, current, and thermal losses [5]. - HVDC systems eliminate the inverter stage found in AC UPS, leading to lower energy losses and improved reliability [5]. - The advantages of HVDC systems in terms of footprint, construction costs, and operational costs position them favorably against traditional UPS systems, indicating a potential increase in HVDC penetration in AI data centers [5].