以下文章来源于RimeData 来觅数据 ，作者来觅研究院 RimeData 来觅数据 . 全面的一级市场数据平台 导读： 2025年3月19日凌晨，GTC大会上英伟达发布了Blackwell Ultra（GB300）芯片、DGX Spark和DGX Station两款个人AI计算机、全球首款开 源人形机器人功能模型GR00T N1、机器人Blue等，并表示"机器人时代已经到来"。近两年来，机器人热度持续提升，英伟达也不断加大在机器人业 务上的布局。英伟达的机器人业务布局情况如何？机器人的整体前景如何？赛道投融资情况如何？本文尝试分析和探讨。 2024年，英伟达与微软、OpenAI等多家知名公司联合投资人形机器人初创企业Figure。同年，英伟达发布人形机器人通用基础模型Project GR00T，使人形机器人实体通过模仿人类进行学习以及通过Isaac Lab进行强化学习，根据视频数据生成机器人工作。 2025年GTC大会上，英伟达发布了GR00T N1，这是全球首款开源人形机器人功能模型。该模型采用了双系统架构，"系统1"是快速思考行 动模型，"系统2"是慢速思考模型。系统1类似人类的本能反应或直觉，可迅速 ...

Investment Rating - The report assigns a "Buy" rating for NVIDIA (NVDA US) with a target price of $168.00, indicating a potential upside of 45.5% from the current price of $115.43 [1][12]. Core Insights - The report highlights NVIDIA's transition towards generative AI, with CEO Jensen Huang predicting that capital expenditures in the cloud service provider (CSP) sector could exceed $300 billion by 2025 and reach $1 trillion by 2028 [2]. - NVIDIA is actively participating in AI transformations across vertical industries, including mobile communications and smart driving, with a vision of establishing "AI factories" for production planning and intelligent assistance [2]. - The company continues to release new products, with significant upgrades in data center offerings, emphasizing the importance of scale-up architecture over scale-out in server design [6]. Financial Overview - Revenue projections for NVIDIA show substantial growth, with expected revenues of $60,922 million in 2024, increasing to $311,585 million by 2028, reflecting a compound annual growth rate (CAGR) of 15.2% [5][14]. - Net profit is forecasted to rise from $32,312 million in 2024 to $180,404 million in 2028, with a notable increase in earnings per share (EPS) from $1.30 to $7.30 over the same period [5][14]. - The report indicates a significant improvement in profit margins, with gross margins expected to remain around 75% and net margins projected to increase to 57.9% by 2028 [16]. Product Development and Roadmap - NVIDIA's product roadmap includes the launch of the Blackwell Ultra chip in the second half of 2025, followed by the Rubin and Rubin Ultra chips in 2026 and 2027, respectively, showcasing substantial performance upgrades [6][7]. - The introduction of new switch products, Spectrum-X and Quantum-X, is planned for 2025 and 2026, respectively, with advancements in technology such as optical-electrical hybrid packaging [8]. Market Position and Valuation - NVIDIA's current price-to-earnings (P/E) ratio is noted at 24 times the FY26 earnings, which is considered attractive compared to its historical average of 38 times [6]. - The report emphasizes NVIDIA's strong product and technology advantages, particularly in the early stages of AI deployment both domestically and internationally [6].

黄仁勋将发表重磅演讲！英伟达市值已蒸发8200亿 美元，GTC大会将是"美国科技股扭转弱势的转折 点" 此外，英伟达今年首次设立了"量子日"（Quantum Day）活动，用整整一天的议程讨论量子计算的 现状与未来发展。 对于英伟达来说，GTC大会一直是向外界展示变革性创新技术的"秀场"。Wedbush分析师Dan Ives 认为，这场大会将是"美国科技股扭转弱势的转折点"，对英伟达而言更为重要，有望刺激英伟达股价回 升。然而，英伟达股价在大会首日下跌1.8%，当前市值较1月7日创下的历史高点已蒸发8200亿美元。 黄仁勋："将在GTC上展示真正令人惊叹的产品" 黄仁勋在2月份的财报说明会上曾预告称，"将在GTC上展示真正令人惊叹的产品"。 ● Blackwell Ultra 英伟达在芯片领域的创新成果向来是GTC大会的核心看点。市场期待英伟达能推出新一代芯片 Blackwell Ultra GB300和B300系列。 摩根大通预计，Blackwell Ultra（GB300）将是本次GTC大会的重头戏。这款芯片将采用与B200相 似的逻辑芯片，但在HBM内存容量和功耗方面有显著提升。 业内人士透露，GB30 ...