芯片巨头突然掀起涨价潮。 受涨价消息刺激，今晚美股开盘后，台积电ADR大幅飙涨，盘初一度暴涨近5%，创出历史新高，其他美股芯片股亦多数走强。有消息称，台积电正在计划 对其3纳米制程和2纳米制程的工艺节点进行涨价。另外，三星、美光科技和闪迪等大厂此前也宣布了涨价策略。 有分析人士指出，这轮芯片涨价潮反映出AI浪潮对半导体产业链的深度影响，数据中心大规模建设的需求持续推高存储器采购量，芯片供应商的议价能力 显著增强。 台积电暴涨 美光科技和闪迪等大厂也宣布了类似涨价策略，其中美光科技的存储芯片产品价格涨幅达20%～30%，并暂停接受新订单。 受此影响，23日亚洲交易时段，三星电子、SK海力士等存储芯片巨头股价集体走强，截至收盘，涨幅分别为1.44%、2.85%。 美股市场整体呈现窄幅震荡格局，三大指数涨跌不一，截至发稿，道指涨0.55%，纳指跌0.24%，标普500指数微涨0.02%。 北京时间9月23日晚间，美股开盘后，台积电ADR直线拉升，一度暴涨近5%，截至22:50，涨幅为3.5%。美股其他芯片股亦多数走强，英特尔大涨超4%，美 光科技、安森美半导体涨超2%，博通、阿斯麦ADR、应用材料、德州仪器均涨超1 ...

芯片巨头突然掀起涨价潮。 受涨价消息刺激， 今晚美股开盘后 ，台积电ADR大幅飙涨，盘初一度暴涨近5%，创出历史新高，其他美股芯片股亦多数走强。有消息称，台积电正在计划对其3纳 米制程和2纳米制程的工艺节点进行涨价。另外，三星、美光科技和闪迪等大厂此前也宣布了涨价策略。 有分析人士指出，这轮芯片涨价潮反映出AI浪潮对半导体产业链的深度影响，数据中心大规模建设的需求持续推高存储器采购量，芯片供应商的议价能力显著增 强。 台积电暴涨 北京时间9月23日晚间，美股开盘后，台积电ADR直线拉升，一度暴涨近5%，截至22:50，涨幅为3.5%。美股其他芯片股亦多数走强，英特尔大涨超4%，美光科 技、安森美半导体涨超2%，博通、阿斯麦ADR、应用材料、德州仪器均涨超1%。 有消息称，台积电正在计划对其3纳米制程和2纳米制程的工艺节点进行涨价。产业链人士透露，由于研发成本高昂加上良率较竞争对手更高，台积电2纳米制程价 格相比3纳米或至少上涨50%。这一涨幅远超市场预期，反映出先进制程技术的稀缺性和高昂成本。 据业界消息，台积电2纳米制程将于本季度开始量产，但由于先进制程资本支出庞大，台积电暂无打折及议价策略。 这一定价策略 ...

来源：券商中国 芯片巨头突然掀起涨价潮。 受涨价消息刺激，今晚美股开盘后，台积电ADR大幅飙涨，盘初一度暴涨近5%，创出历史新高，其他 美股芯片股亦多数走强。有消息称，台积电正在计划对其3纳米制程和2纳米制程的工艺节点进行涨价。 另外，三星、美光科技和闪迪等大厂此前也宣布了涨价策略。 有分析人士指出，这轮芯片涨价潮反映出AI浪潮对半导体产业链的深度影响，数据中心大规模建设的 需求持续推高存储器采购量，芯片供应商的议价能力显著增强。 美股市场整体呈现窄幅震荡格局，三大指数涨跌不一，截至发稿，道指涨0.55%，纳指跌0.24%，标普 500指数微涨0.02%。 台积电暴涨 北京时间9月23日晚间，美股开盘后，台积电ADR直线拉升，一度暴涨近5%，截至22:50，涨幅为 3.5%。美股其他芯片股亦多数走强，英特尔大涨超4%，美光科技、安森美半导体涨超2%，博通、阿斯 麦ADR、应用材料、德州仪器均涨超1%。 有消息称，台积电正在计划对其3纳米制程和2纳米制程的工艺节点进行涨价。产业链人士透露，由于研 发成本高昂加上良率较竞争对手更高，台积电2纳米制程价格相比3纳米或至少上涨50%。这一涨幅远超 市场预期，反映出先进 ...

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].