o t a 1 0001 001.10- HIM CHINE ..... DNIVOLE 2025年10月8日，科技圈发生了一件大事，市值之王，英伟达投资了马斯克的人工智能公司xAI，这一消息，最早是由英伟达的创始人黄仁勋透露的，他还 略带惋惜的说，"唯一的遗憾是没给xAI更多投资"。 据外媒报道，xAI在最新一轮融资中获得了比预期更多的资金，已达到200亿美元。其中，英伟达在这次融资中的股权部分投资高达20亿美元（约合143亿元 人民币） 英伟达为什么要投资马斯克？要知道，英伟达已经是AI领域的绝对王者，笔者分析认为，投资的逻辑，主要有三点： 英伟达的终极目标是成为整个AI世界的"基石"和"发动机"。要实现这一点，它需要最顶尖的"客户"和"合作伙伴"来验证并推动其技术。 绑定顶级客户与需求来源：马斯克的xAI正在构建超大规模的AI模型（如Grok），这需要海量的英伟达GPU（例如H100、B100等）。通过投资，英伟达不 仅确保了自身产品有一个稳定且巨大的需求方，还能与xAI建立更紧密的合作关系，让xAI的模型深度优化并运行在英伟达的硬件和软件栈（如CUDA）上。 创造"标杆式"的成功案例：如果xAI成功研 ...

Nvidia is the big player in graphics processing units (GPUs) world, along with artificial intelligence, and data center solutions. Its GPUs, like the H100 and upcoming Blackwell architecture, are completely dominating AI training and inference markets. Nvidia's software platforms, such as CUDA and Omniverse, help solidify its leadership in AI and virtual collaboration. Its core businesses—gaming, data center, and AI—drive tremendous demand from enterprises, researchers, and gamers. Nvidia's expansion into a ...

【如需和我们交流可扫码添加进社群】 英伟达（纳斯达克代码：NVDA）是当前 AI 基础设施革命的核心玩家，如今的它早已不是三 四年前我们印象中单纯的 "芯片公司"。 实际上， 英伟达已从一家芯片设计公司，逐步发展到有望在多个垂直领域全面主导 AI 基础设 施的程度。 这也是为什么很难看空英伟达这类公司的核心原因之一。 它的 竞争壁垒极强，几乎无法复制，但即便过去五年股价暴涨 1250%，其当前的估值倍数却 并未充分体现这一优势。 传统 CPU 本质上是按顺序执行任务，一次处理一个流程；而英伟达 的 GPU 采用并行计算，能同时处理成千上万的运算。在 AI 模型的训练和运行过程中，需要 并行处理海量数据，这种架构的重要性由此凸显。 此外，英伟达的 CUDA 软件层和开发者生态进一步放大了这一优势 ——CUDA 已成为 AI 编 程领域事实上的标准。这就意味着，开发者一旦接入这个生态，就很难再切换到其他平台，转 换成本极高，进而不断扩大英伟达的竞争壁垒。虽然这是英伟达的长远目标，目前这一趋势已 初步显现，但公司大部分收入仍来自硬件销售。 除此之外，英伟达近期还与 OpenAI 等企业达成合作，计划部署至少 10 ...

2025 年 10 月 09 日 AI 算力芯片技术领先，软硬件协同发展提升业 绩弹性 买入(首次) 投资要点 | 分析师：何鹏程 | S1050525070002 | | --- | --- | | hepc@cfsc.com.cn | | | 联系人：石俊烨 | S1050125060011 | | shijy@cfsc.com.cn | | | 基本数据 | 2 0 2 5-0 9-3 0 | | --- | --- | | 当前股价（元） | 1325 | | 总市值（亿元） | 5543 | | 总股本（百万股） | 418 | | 流通股本（百万股） | 418 | | 52 周价格范围（元） | 333-1587.91 | | 日均成交额（百万元） | 6663.66 | 市场表现 -100 0 100 200 300 400 500 (%) 寒武纪-U 沪深300 资料来源：Wind，华鑫证券研究 相关研究 从政策端来看，海外 AI 算力芯片受到地缘政治因素扰动，供 给情况存在较大的不确定性。例如，2025 年 4 月，特供"中 国市场的英伟达 H20 被美国政府列入出口管制。因此，国产 自研 ...

NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s Recession-Proof Stock Picks. Cramer expresses confidence in the next generation of chips as the company announces a partnership with OpenAI. NVIDIA Gains Cramer’s Backing with OpenAI Partnership and Next-Gen Chip Confidence On September 22, 2025, NVIDIA Corporation (NASDAQ:NVDA) announced a strategic collaboration with OpenAI. As per the agreement between the two companies, NVIDIA Corporation (NASDAQ:NVDA) will invest close to $100 billion in OpenA ...

Core Insights - Nvidia currently leads the AI boom, but Alphabet is positioned to excel in the emerging quantum computing applications [1][2] Group 1: Alphabet's Strengths - Alphabet possesses unmatched depth in research, hardware, and software, creating a powerful ecosystem for both current AI and future quantum applications [2][3] - DeepMind serves as Alphabet's intellectual engine, driving breakthroughs in reinforcement learning and optimization that enhance Google’s products [4] - Alphabet's Tensor Processing Units (TPUs) provide a structural edge in deep learning, integrated into Google Cloud, attracting high-profile clients [5][6] Group 2: Quantum Computing Initiatives - Cirq, Alphabet's open-source quantum programming framework, allows developers to experiment with quantum applications, integrating them into Alphabet's ecosystem [7][8] - Early adopters of Cirq will be positioned advantageously as quantum AI matures, transforming speculative AI into mainstream infrastructure [8] Group 3: Financial Implications - Google Cloud is projected to exceed an annual revenue of $100 billion as enterprises seek alternatives to Nvidia, driven by Alphabet's scalable TPUs [9] - The combined potential of DeepMind and TPUs is valued at nearly $900 billion, with Cirq enhancing Alphabet's first-mover advantage in quantum AI [10] - Over the next decade, Alphabet could redefine its market perception, transitioning from an ad-tech company to a leader in AI infrastructure, potentially adding trillions in market capitalization [11]

Key Points Nvidia is still the AI infrastructure leader, but smaller players could outperform it in the coming years. Broadcom has a huge opportunity as more companies turn to custom AI chips. Meanwhile, AMD has an opening to take some share in the coming years as the market shifts toward inference. 10 stocks we like better than Broadcom › Nvidia (NASDAQ: NVDA) has been the clear leader in artificial intelligence (AI) chips since the start of the AI boom. Its graphics processing units (GPUs) have ...

AMD struck its biggest AI deal yet Monday morning, securing a 6 gigawatt GPU contract with OpenAI. The partnership gives OpenAI the option to acquire up to 160 million AMD shares—roughly 10% of the company—while AMD commits to delivering its next-generation Instinct MI450 chips starting in late 2026. The deal comes just two weeks after Nvidia announced its own $100 billion partnership with OpenAI for 10 gigawatts of compute capacity. OpenAI's dual-supplier strategy reflects a calculated hedge: The ChatGPT ...

Several of Wall Street's most successful hedge fund managers bought Nvidia stock in the second quarter.Beth Kindig, technology analyst at the I/O Fund, believes Nvidia (NVDA -0.77%) will be a $10 trillion company no later than 2030. That implies 122% upside from its current market value of $4.5 trillion. But she's not the only expert with conviction in the chipmaker. Forms 13F show several hedge fund billionaires bought Nvidia stock aggressively in the second quarter.Ken Griffin of Citadel Advisors bought 6 ...

截 至 2025 年 第 二 季 度 ， 英 伟 达 （ Nvidia ） 对 AI GPU 市 场 拥 有 绝 对 的 控 制 权 ， 市 场 份 额 达 到 94%，比上一季度增加了 2%。预计仅今年一年，该公司就将创造 490 亿美元的 AI 相关收入，比去 年高出近 40%，无论以何种标准衡量，这都是一个惊人的增长。 如果这还不够令人印象深刻，英伟达最近的市场估值达到了 4.6 万亿美元，使其成为有史以来第一家 市值突破 4 万亿美元的公司。微软（Microsoft）紧随其后，于 2025 年 7 月成为第二家达到相同里 程碑的公司。 尽管英伟达的 GPU 为当今绝大多数 AI 工作提供了动力，但其主导地位也以更微妙的方式体现出 来。据报道，谷歌（Google）和亚马逊（Amazon）都曾礼节性地致电首席执行官黄仁勋（Jensen Huang），向他简要介绍自己的芯片计划后再对外公布，这表明英伟达在整个行业中仍然拥有巨大的 影响力。 亚马逊和谷歌为何仍需"礼让"英伟达 提 前 告 知 最 终 可 能 成 为 你 竞 争 对 手 的 公 司 你 的 计 划 ， 这 是 一 种 不 寻 常 的 做 法 ， ...