以下文章来源于AI产业链研究 ，作者研究 AI产业链研究 . AI产业链研究 黄仁勋又要来中国了，这次预计他将出席下周举办的链博会。老黄如此频繁的来中国，说明一个问题：中 国市场真的太重要了，英伟达放弃不起。这一次造访中国也无疑跟即将推出中国市场的阉割版blackwell芯 片B30（也有人称为B40）有关。 这篇文章我们重点来聊聊B30的情况。目前英伟达官方还没有正式发布B30的具体参数， 但根 据笔者和第三方机构的调研，目前正在大厂测试的版本是没有Nvlink，显存也不再使用HBM， 而是使用GDDR 。根据大厂的测试结果，该卡虽然不支持NVlink，但用了自己的技术实现多卡 互联，互联带宽大约100到200GB/s，算是绕开美国限制后最好的卡种。 B40在算力指标上与H20不相上下，跟主流国产AI芯片相比，单卡性能，无论是显存带宽还是算 力上都差了不少。B30仍将普遍比国产卡好用。首先CUDA生态目前仍然无法被渠道，国产卡无 论哪家，出来之后在软硬件之间的生态适配上，企业还需要做大量的兼容工作，这部分也会影响 整体的性价比。 另外最重要的一点是B30定价相当低，在6000-8500美金，一张卡可能只是国 ...

Core Insights - The article emphasizes the ongoing evolution of AI terminals, highlighting the need for improvements in mobile AI functionalities while noting structural innovations in hardware such as optical, foldable screens, and fingerprint recognition. The recent surge in smart glasses sales is also mentioned, with a focus on the successful transition from AI glasses to AR glasses, as exemplified by Meta & Rayban AI glasses [3][4]. AI Terminal Development - AI glasses currently have limited interaction modes and functionalities, but the integration of AR features can significantly enhance user experience. The optical display module is expected to become a major component in AR glasses, with MicroLED and diffractive waveguides being the leading technologies [3]. Investment Opportunities - The long-term narrative for the AI industry remains strong, with companies like NVIDIA continuing to perform well. The rise of cloud vendors and breakthroughs in domestic computing power are expected to create diverse investment opportunities. Key sectors to focus on include servers, PCB, CPO, copper cables, power supplies, and liquid cooling, where domestic companies have established advantages [3][4]. Recommended Companies - Suggested companies for investment include: 1. Servers: Industrial Fulian, Huqin Technology 2. Computing Chips: Chipone, Cambricon, Haiguang Information 3. PCB: Huitian Technology, Shenghong Technology, Guanghe Technology, Shengyi Technology, Jingwang Electronics, Weier High 4. Copper/Optical Interconnect: Ruikeda, Bochuang Technology, Taicheng Light, Dongshan Precision 5. Power and Temperature Control: Hewei Electric, Zhongheng Electric, Magmi Tech, Shenxian Environment, Jianghai Co. 6. Brands and OEMs: Xiaomi Group, Yingshi Innovation, Goer Technology, Guoguang Electric 7. SOC: Lexin Technology, Hengxuan Technology, Xingchen Technology 8. Storage: Zhaoyi Innovation, Purang Co. 9. Distributors: Doctor Glasses, Kid King, Mingyue Lenses [4]. Market Trends - The article notes that the AI hardware and software sectors have seen significant stock price increases, with NVIDIA's stock rising by 45% and CoreWeave's by 195% since April 7. This reflects a broader trend of optimism in the AI market following NVIDIA's strong earnings report [17][18]. AI Chip Market Dynamics - The article discusses the increasing demand for ASICs as a key growth area in the AI chip market, with major cloud service providers like Google and Amazon ramping up their self-developed ASIC production. The global ASIC market is projected to grow from $6.5 billion in 2024 to $15.2 billion by 2033, with a compound annual growth rate of 12.8% [26][60]. Cloud Vendor Developments - Major cloud vendors are increasingly focusing on self-developed ASICs, with Google and Amazon leading the way. The article highlights that the market is shifting from NVIDIA's dominance to a more competitive landscape with multiple strong players emerging [60][61].

智通财经APP获悉，市场调研消息，字节开标，苏美达进了，玉柴价格报到300万; 潍柴与腾讯近期谈 标，潍柴价格报到280万，后续也可能涨超300万; 英伟达B30芯片即将出台，大厂近期已经准备开始启 动招标，下半年招明年的标，以国产柴发为主。 从外资涨价到内资引领、供需紧张时长或超预期。此前柴发涨价的核心逻辑在于外资排产拉长价格提 升，内资则是逐步导入市场，价格跟随策略为主。 市场消息：柴油发电机板块调整，主要受到芯片禁令影响下国内大厂的capex强度和节奏低于预期，目 前看，随着B卡的投放预期市场情绪有望缓解。 从近期调研看，机构预计25H2开始，随着内资排产周期拉长至明年，内资主机厂开始主导涨价旋律。 据第三方媒体快科技，NV正开发中国特供新芯片B30，计划今年生产逾100万颗。 此外，近期从海外巨头的业绩和CAPEX指引看，海外算力需求仍保持高景气，且新一轮中美会谈预期 下，市场风偏也有望改善，核心AIDC电气设备公司近期调整后性价比凸显。 柴油发电机相关港股： 潍柴动力（02338）：在机构调研中表示，2024年，公司M系列大缸径发动机销售8100余台，海外销量 占比62%。收入同比增20%，主要是数 ...

摩根士丹利在前天发布的一份研报中，对台积电展开了较为细致的剖析。不仅对台积电当前面临的各种 复杂情况的分析，还对2nm产能、wafer的价格都做出了预估。 在过去的三个月里，台积电的股价涨幅颇为可观，攀升了 31%。与之对比，中国台湾地区的加权指数 （TAIEX）同期涨幅为 27%，台积电的表现明显跑赢了大盘。不过，要是和英伟达相比，台积电就稍 显逊色了。在同一时期内，英伟达的股价一路飙升，涨幅高达 53%。摩根士丹利的分析师指出，造成 这一差距的部分原因在于外汇（FX）方面的压力，尤其是新台币（TWD）相对美元（USD）出现升值 的情况。新台币每升值 1%，台积电的毛利率就会下降 40 个基点。而近期新台币升值幅度达到了 8.1%，这使得台积电的毛利率受到了超过 3% 的负面影响。原本预计 2025 年下半年台积电的毛利率能 达到 58 - 59%，但如今这一预期已被调整至 55 - 56%。正是由于汇率导致的毛利侵蚀，分析师将台积电 2025 年和 2026 年的每股收益（EPS）预期分别下调了 6% 和 12%。尽管面临这样的困境，但考虑到人 工智能（AI）领域强劲的市场需求，以及台积电为抵消汇率影响而 ...

我们之前写过两篇关于英伟达特供中国阉割版H20的文章，都是基于外资投行的分析，这篇文章，我们 来看下substack上的一个分析，这个分析的内容比之前两篇的内容都要更加的详细。 原文链接：https://substack.com/home/post/p-165933497 Substack账户： Global Semi Research 本次转载已获原作者授权 正文 英伟达首席执行官黄仁勋周四在巴黎对CNN记者安娜·斯图尔特表示："未来，我们的预测将不包括中国 市场。"然而，中国对英伟达的重要性不言而喻——否则，黄仁勋不会如此努力地放大华为作为竞争威 胁的形象。他声称华为的芯片可与英伟达最先进的处理器相媲美，但这与中国市场的实际情况不符。 我们的行业调查显示，华为的CloudMatrix384——黄仁勋将其定位为可与英伟达Blackwell架构媲美的产 品——在中国市场上难以推广。虽然一些公司表示了兴趣，但尚未有实质性订单。 B20使用英伟达的ConnectX-8实现互连功能，通过以太网实现连接，最大互连带宽为800Gbps。每块B20 芯片通过NVLink总线连接到ConnectX-8芯片，形成一个相当于P ...

要闻提示 NEWS REMIND 1.贾跃亭哽咽告白：FF命悬一线时，是散户救了我们！ 8.智能眼镜大战一触即发！爆Meta急调战略聚焦开发"超轻薄开放式头显" 5.短剧行业新变局！抖音、红果短剧组建版权中心，高质量内容争夺战升级 6.英伟达：美国禁令逼走大量人才、大多去了华为 7.NVIDIA新中国特供B30曝光：支持多GPU扩展，售价仅H20六折 2.提报项目被砍一半！蔚来精细化管理研发投入，非必要研发不予立项 3.雷军强硬辟谣YU7低价传闻，称小米汽车业务将在今年内盈利 4.华为云中国区总裁换人！陈林接棒张修征 今日头条 HEADLINE NEWS 贾跃亭称，FF曾一度面临生死存亡的危机。他透露，去年三四月份时，公司几乎濒临倒闭，"可以说90% 以上公司内部的人都认为要倒闭，只有极少数的人认为我们还有机会。"目前FF虽然仍处于艰难时期，但 贾跃亭认为与去年同期相比已有显著改善。 据悉，FF去年同时面临股价暴跌至几分钱、随时退市风险、资金紧张濒临破产等危机，董事会多次紧急商 讨对策。贾跃亭坦言，"我们对机构投资者可以说付出了我们一切"，但真正在危急时刻伸出援手的却是普 通投资者。他表态："通过我们接下来一 ...

Core Viewpoint - Nvidia is developing a new AI chip, the B30, to penetrate the Chinese market despite facing challenges from U.S. export restrictions on AI chips [1][2] Group 1: Nvidia's Strategy - Nvidia aims to create a lower-spec version of its AI chip, the B30, to comply with U.S. regulations while maintaining competitiveness in the Chinese market [2] - The B30 chip is expected to allow local customers to connect multiple chips for enhanced computing performance, with plans to produce over 1 million units this year [1][2] - Nvidia's CEO Jensen Huang emphasizes the importance of the Chinese market, estimating its AI market size to be around $50 billion [1] Group 2: Market Impact - The B30 chip has attracted interest from major Chinese cloud companies such as ByteDance, Alibaba, and Tencent, which could lead to increased outsourcing of AI server manufacturing [2] - Nvidia's decision to develop the B30 is seen as a response to the growing capabilities of China's chip industry, which is approaching U.S. technological leadership [2] - The anticipated price range for the B30 is between $6,500 and $8,000, significantly lower than the previous model H20, which was priced between $10,000 and $12,000 [2]