郭明錤表示，目前Nvidia的AI服务器的投资趋势有3大疑虑，分别是缩放定律的有效性延续、新款AI服务器的量产状况与地缘政治。在终端/较低阶AI装置开始成长下，若Nvidia能对AI服务器的缩放定律的有效性提出新看法，则有助于降低市场顾虑。
He stated that NVIDIA's new AI Chip B300 is a key focus of the launch event, including CoWoS-L and CoWoS-S. The biggest highlight is the significant upgrade of HBM from 192GB to 288GB, with computational performance improving by 50% compared to the B200. The B300 is expected to begin trial production in Q2 2025 and enter mass production in Q3 2025.
Recently, well-known Analyst Ming-Chi Kuo published an article predicting key points for GTC 2025. $NVIDIA (NVDA.US)$ He mentioned that NVIDIA's new AI Chip B300 is a key focus of the conference, including CoWoS-L and CoWoS-S, with the biggest highlight being the significant upgrade of HBM from 192GB to 288GB, and the computing performance improved by 50% compared to B200. The B300 is expected to be trial-produced in 2Q25 and enter mass production in 3Q25.
In addition, edge AI is also a long-term key trend for NVIDIA, but it is expected that GTC 2025 will focus on AI Servers, while the anticipated AI PC models N1X and N1 are more likely to be announced at this year's Computex.
Ming-Chi Kuo indicated that there are currently three major concerns regarding NVIDIA's AI Server investment trend, namely the continuity of the scalability law's effectiveness, the mass production status of the new AI Servers, and geopolitical issues. As low-end AI devices start to grow, if NVIDIA can provide new insights on the effectiveness of the scalability law for AI Servers, it would help alleviate market worries.
Ming-Chi Kuo mentioned that the current poor mass production status of the GB200 NVL72 is a consensus in the market. If NVIDIA can present cases of building data centers with GB200 NVL72, focus on the benefits of transitioning from B200 to B300, and enhance the visibility of related mass production of B300, it would help the market begin to reflect the investment theme of B300. In addition, it is not expected that NVIDIA will address geopolitical issues.
Edge AI is also a long-term key trend for NVIDIA, but Ming-Chi Kuo anticipates that GTC 2025 will focus on servers, while the anticipated AI PC models N1X and N1 are more likely to be announced at this year's Computex. Given that AI-related Stocks have recently corrected, GTC should provide a catalyst for short-term stock price increases, but whether the momentum can significantly continue depends on whether the content of the GTC conference can alleviate the aforementioned concerns of investors.
As of the time of writing, $NVIDIA (NVDA.US)$ The night session Quote is $121.03, down slightly by 0.53% from last Friday's close.
Editor/Rocky
Today, after hitting the high near 24,000 in the early session and entering bearish positions, the index fell sharply by nearly over 600 points, immediately recouping yesterday's losses significantly.
Moreover, today it broke the new high again, reaching a maximum of 24,076, but by the end of the market, it fell back by about 70 points, producing a bearish candle. The current trend has not yet been broken, but from the previous low until now, it has risen close to 6,000 points. It is believed that those with positions can continue to hold until there is a clear trend reversal for profit-taking. Those without positions can wait for a pullback to get in. Actually, it is hoped for a quick pullback, as it allows for entry and also provides a healthy breath.
Currently, the outlook remains the same as before. It is believed that even if there is a pullback, it shouldn't be too deep. However, if Futures fail to stabilize and close below 22,350, there may still be room for decline. The chance of Futures falling below 21,400 in the short term should be low, so it is considered that if a significant pullback occurs, it presents a good opportunity to incrementally go long. Recently, there has been a consistent approach to not hold positions overnight, only focusing on immediate trades, as there is no high chasing and no casual short selling.
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