Core Viewpoint - Nvidia's Q1 2026 financial report shows a mixed performance, with revenue growth of 69% year-on-year to $44.1 billion, exceeding market expectations, but net profit of $18.775 billion fell short of forecasts, leading to a cautious market reaction [1][2]. Financial Performance - Nvidia's revenue for Q1 2026 reached $44.1 billion, a 69% increase compared to the previous year, surpassing the market expectation of $43.1 billion [1]. - The net profit for the quarter was $18.775 billion, which was below the market forecast of $20.767 billion [1]. Product Transition and Market Response - The successful transition from the Hopper architecture to the Blackwell architecture has been a key focus, with Blackwell contributing nearly 70% of data center revenue [4]. - Data center revenue for the quarter was $39.11 billion, reflecting a 73% year-on-year increase [4]. - Nvidia's stock price rose over 5% in after-hours trading following the earnings report, with Morgan Stanley raising its target price from $160 to $170 [2]. Production and Demand Insights - Nvidia's delivery of the B200 GPU has significantly increased, with weekly deliveries rising to 72,000 units in Q1 2026, up from 30,000 units in the previous quarter [4]. - The company’s strategy of sending sample chips to key clients like Microsoft and OpenAI has facilitated faster adoption of Blackwell [5]. Gaming Segment Performance - The gaming graphics card segment generated $3.8 billion in revenue, a 42% increase year-on-year, exceeding analyst expectations of $2.85 billion [7]. - The introduction of the RTX 50 series and the positive reception of its DLSS 4 technology have contributed to the growth in the gaming segment [7]. Challenges in the Chinese Market - Nvidia faces significant challenges in the Chinese market due to the H20 chip export ban, which has resulted in $2.5 billion in unfulfilled orders and $4.5 billion in inventory and procurement costs [8][12]. - The company has recognized that the inability to access the Chinese AI chip market could lead to substantial losses, estimating a potential revenue reduction of $8 billion in the next quarter due to these restrictions [11][12]. Profitability Impact - The non-GAAP gross margin for the quarter was reported at 61.0%, which could have reached 71.3% if not for the $4.5 billion costs associated with the H20 chips [9][10].

如今的高端处理器，尤其是那些支持数据中心和人工智能工作负载的处理器，已经依赖多芯片设计 来满足对性能和内存带宽不断增长的需求。台积电目前的 CoWoS 解决方案可容纳面积高达 2,831 平方毫米的中介层，是标准光掩模版面积的三倍多，而受 EUV 光刻技术的限制，标准光掩模版面 积仅为 830 至 858 平方毫米。 该技术已经应用于 AMD 的 Instinct MI300X 和 Nvidia 的 B200 GPU 等产品，这些产品将大型 计算芯片组与高带宽内存堆栈结合在一起。 如果您希望可以时常见面，欢迎标星收藏哦~ 来源：内容 编译自 techspot ，谢谢。 随着台积电准备扩大其芯片封装技术的物理规模，半导体行业正迈向一个重要的里程碑。在最近的 北美技术研讨会上，台积电详细介绍了新一代CoWoS（晶圆上芯片封装）技术的计划，该技术能 够组装比目前量产的芯片尺寸大得多的多芯片处理器。 然而，随着人工智能和高性能计算应用的复杂性不断增长，对更多硅的需求也日益增长。为了应对 这一挑战，台积电正在开发一种全新的 CoWoS-L 封装技术，预计最早于明年推出，该技术支持面 积高达 4,719 平方毫米（约为光 ...