Nvidia(US:NVDA) DT新材料·2025-11-02 14:42Core Insights - The article discusses the significant advancements in AI chip architecture by NVIDIA, particularly the introduction of the Rubin architecture, which is expected to revolutionize AI computing power and thermal management solutions [4][5][7]. Group 1: NVIDIA's Rubin Architecture - NVIDIA's next-generation AI chip architecture, Rubin, is set to deliver a performance increase of 3.3 times compared to the current GB300 model, enabling the training of trillion-parameter models in just two weeks instead of three months [5][8]. - The Rubin architecture will feature CPU-GPU heterogeneous integration and utilize HBM4 memory along with the sixth generation of NVLink, targeting high-end AI infrastructure [5][8]. - The expected market share for Rubin in 2026 is projected to reach 20%-30%, positioning it as a leader in the trillion-parameter model training market [5]. Group 2: Liquid Cooling Technology - The Rubin platform will push the power of a single rack to 600kW, making traditional air cooling inadequate and necessitating the widespread adoption of liquid cooling solutions [7][10]. - The liquid cooling system market, driven by NVIDIA's ecosystem, is estimated to reach 200 billion RMB to meet the cooling demands of 20 million GPUs [10]. Group 3: Key Component Suppliers - Siquan New Materials has upgraded from a cold plate manufacturer to a core materials supplier, with expected revenue from related businesses to exceed 1 billion RMB by 2025 [11]. - Dow Chemical is a key partner for NVIDIA's GB300 liquid metal interface technology, with a monthly production capacity of 50 tons, covering 60% of global demand [12]. - 3M's phase change material (PCM) series plays a crucial role in cooling GB300 memory modules, achieving a temperature reduction of 12°C compared to traditional thermal pads [13]. Group 4: Industry Players and Market Dynamics - Inspur Information has captured over 30% of the market share in liquid-cooled servers, showcasing strong competitiveness in the field [19]. - Industrial Fulian, as the exclusive supplier of GB200 liquid-cooled cabinets, is projected to contribute approximately 12 billion USD in revenue by 2025 [20]. - Vertiv has developed a hybrid cooling system that combines liquid cooling and immersion cooling, capable of cooling data centers with IT power up to 200kW [21].