暴涨22.77%！黄仁勋称同英特尔协议侧重定制芯片，否认特朗普政府参与，郭明錤称台积电风险可控

Core Viewpoint - The collaboration between NVIDIA and Intel is expected to open new opportunities in the laptop market for NVIDIA, positioning it as a major customer for Intel's server CPUs, with a potential market opportunity of $25 billion to $50 billion [3][4][9]. Group 1: Collaboration Details - The partnership focuses on the development of custom chips, with NVIDIA gaining access to x86 architecture, enhancing its capabilities in supercomputing and gaming markets [6][9]. - NVIDIA plans to integrate Intel's custom x86 CPUs into its AI infrastructure, while Intel will create systems-on-chip (SoCs) that combine NVIDIA's RTX GPUs for various PCs [7][9]. - The collaboration is seen as a significant moment in the tech industry, leveraging the core strengths of both companies to benefit the broader technology sector [6][9]. Group 2: Market Reactions - Following the announcement, Intel's stock surged by approximately 22.8%, marking its largest single-day gain since October 1987, while TSMC's stock experienced a slight increase [4][14]. - NVIDIA's stock also saw a rebound, rising by about 3.5% after the announcement, while its competitor AMD's stock faced a decline [14]. Group 3: Impact on TSMC and AI Chips - Analysts believe that the collaboration poses manageable risks for TSMC, which is expected to maintain its leading position in advanced processes until at least 2030, with AI chip orders remaining unaffected [4][10]. - The partnership is anticipated to create significant synergies in the x86/mid-range/inference AI server sectors, leveraging Intel's extensive distribution channels and NVIDIA's technological advantages [9][10]. Group 4: Political Context - NVIDIA's $5 billion investment in Intel is viewed by some as a strategic move to align with political interests, particularly in light of previous investments from other tech firms aimed at gaining favor with the Trump administration [7][8]. - The nature of the collaboration raises questions about whether it is primarily politically motivated or indicative of a broader strategic partnership [8]. Group 5: Commitment to Arm Architecture - NVIDIA's commitment to its Arm architecture roadmap remains unchanged despite the new collaboration, with assurances that the development of Arm-based chips will continue [11][12].