英伟达杀向云计算赛道，市值创历史新高

Core Viewpoint - The rise of AI cloud computing experts and Nvidia poses new threats to the traditional cloud computing giants like Amazon, Microsoft, and Google, which have been profiting significantly from cloud services [3][8]. Group 1: Nvidia's Cloud Services - Nvidia launched its cloud computing service, DGX Cloud, two years ago, and has invested in emerging AI cloud computing companies like CoreWeave and Lambda [3]. - DGX Cloud is projected to exceed $10 billion in annual revenue according to UBS analysts, while CoreWeave is expected to generate around $5 billion in revenue this year [7]. - Nvidia's cloud service agreements have reached $10.9 billion, a significant increase from $3.5 billion the previous year, indicating strong growth potential [10]. Group 2: Competitive Landscape - Despite the growth of Nvidia's services, they still pale in comparison to Amazon's cloud revenue, which surpassed $107 billion last year [8]. - Any challenges in the cloud computing sector could significantly impact Amazon, as its cloud division accounts for over 60% of its operating income [8]. - Microsoft and Alphabet (Google) are also at risk if the competitive landscape shifts, especially with growing macroeconomic concerns affecting IT spending [8]. Group 3: Nvidia's Market Position - Nvidia holds an estimated 80% market share in AI chip manufacturing, and its partnerships with major cloud providers are crucial for its growth [8]. - The cloud giants are renting AI chips from Nvidia, which creates a complex relationship where they benefit financially while also supporting a potential competitor [9]. - Nvidia's CEO has indicated that the company is transitioning from being seen as a "chip company" to a provider of "AI infrastructure" or "computing platforms" [17]. Group 4: Nvidia's Financial Performance - Nvidia's stock reached a historic high, with a market capitalization of approximately $3.75 trillion, surpassing Microsoft [12]. - The company's stock has seen significant increases, with a 170% rise last year and a 240% rise in 2023 [14]. - Nvidia's revenue for fiscal year 2025 is projected to grow by 114%, with substantial growth opportunities identified in AI and robotics [16].