{"id":528,"date":"2026-06-04T10:42:23","date_gmt":"2026-06-04T10:42:23","guid":{"rendered":"https:\/\/equitiesorbis.com\/%e4%b8%8b%e4%b8%80%e5%ae%b6%e4%b8%87%e4%ba%bf%e7%be%8e%e5%85%83%e5%85%ac%e5%8f%b8%ef%bc%9a%e9%bb%84%e4%bb%81%e5%8b%8b%e7%9a%84%e8%83%8c%e4%b9%a6%e7%82%b9%e7%87%83%e4%ba%86%e7%be%8e%e6%bb%a1%e7%94%b5\/"},"modified":"2026-06-08T18:56:04","modified_gmt":"2026-06-08T18:56:04","slug":"%e4%b8%8b%e4%b8%80%e5%ae%b6%e4%b8%87%e4%ba%bf%e7%be%8e%e5%85%83%e5%85%ac%e5%8f%b8%ef%bc%9a%e9%bb%84%e4%bb%81%e5%8b%8b%e7%9a%84%e8%83%8c%e4%b9%a6%e7%82%b9%e7%87%83%e4%ba%86%e7%be%8e%e6%bb%a1%e7%94%b5","status":"publish","type":"post","link":"https:\/\/equitiesorbis.com\/zh-hans\/%e4%b8%8b%e4%b8%80%e5%ae%b6%e4%b8%87%e4%ba%bf%e7%be%8e%e5%85%83%e5%85%ac%e5%8f%b8%ef%bc%9a%e9%bb%84%e4%bb%81%e5%8b%8b%e7%9a%84%e8%83%8c%e4%b9%a6%e7%82%b9%e7%87%83%e4%ba%86%e7%be%8e%e6%bb%a1%e7%94%b5\/","title":{"rendered":"\u4e0b\u4e00\u5bb6\u4e07\u4ebf\u7f8e\u5143\u516c\u53f8\uff1a\u9ec4\u4ec1\u52cb\u7684\u80cc\u4e66\u70b9\u71c3\u4e86\u7f8e\u6ee1\u7535\u5b50\u79d1\u6280"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">\u5f53\u5168\u7403\u79d1\u6280\u9886\u57df\u6700\u5177\u5f71\u54cd\u529b\u7684\u4eba\u7269\u53d1\u8a00\u65f6\uff0c\u5e02\u573a\u4f1a\u503e\u542c\u3002\u4f46\u5f53\u82f1\u4f1f\u8fbe\uff08Nvidia\uff09\u9996\u5e2d\u6267\u884c\u5b98\u9ec4\u4ec1\u52cb\u660e\u786e\u6307\u51fa\u4e00\u5bb6\u5408\u4f5c\u4f19\u4f34\u516c\u53f8\u5e76\u5ba3\u79f0\u5176\u4e3a\u201c\u4e0b\u4e00\u5bb6\u4e07\u4ebf\u7f8e\u5143\u516c\u53f8\u201d\u65f6\uff0c\u5e02\u573a\u4fbf\u5f7b\u5e95\u6cb8\u817e\u4e86\u3002 <\/p>\n\n<p class=\"wp-block-paragraph\">2026 \u5e74 6 \u6708 2 \u65e5\uff0c\u5728\u53f0\u5317\u56fd\u9645\u7535\u8111\u5c55\uff08Computex\uff09\u4e0a\uff0c\u9ec4\u4ec1\u52cb\u4e0e\u7f8e\u6ee1\u7535\u5b50\u79d1\u6280\uff08Marvell Technology\uff0c\u80a1\u7968\u4ee3\u7801\uff1aMRVL\uff09\u9996\u5e2d\u6267\u884c\u5b98\u9a6c\u4fee\u00b7\u58a8\u83f2\uff08Matthew 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class=\"wp-block-heading\">\u8fde\u63a5\u6027\u74f6\u9888<\/h3>\n\n<p class=\"wp-block-paragraph\">\u9ec4\u4ec1\u52cb\u8bba\u70b9\u7684\u6838\u5fc3\u5728\u4e8e\u6570\u636e\u4e2d\u5fc3\u7684\u6f14\u8fdb\u65b9\u5f0f\u3002\u9ec4\u4ec1\u52cb\u8868\u793a\uff1a\u201c\u5f53\u4f60\u5904\u7406\u4e00\u4e2a\u8ba1\u7b97\u95ee\u9898\uff0c\u5e76\u5c06\u5176\u5206\u89e3\u4e3a\u8bb8\u591a\u90e8\u5206\uff0c\u7136\u540e\u5206\u5e03\u5728\u6574\u4e2a\u6570\u636e\u4e2d\u5fc3\u65f6\uff0c\u8fde\u63a5\u6027\u5c31\u53d8\u5f97\u81f3\u5173\u91cd\u8981\u3002\u8fd9\u5c31\u662f\u9a6c\u7279\uff08Matt\uff09\u8868\u73b0\u5982\u6b64\u51fa\u8272\u7684\u539f\u56e0\u3002\u8fd9\u4e5f\u662f\u7f8e\u6ee1\u7535\u5b50\u5982\u6b64\u4e0d\u53ef\u6216\u7f3a\u7684\u539f\u56e0\u3002\u201d  <\/p>\n\n<p class=\"wp-block-paragraph\">\u968f\u7740\u751f\u6210\u5f0f AI \u6a21\u578b\u5448\u6307\u6570\u7ea7\u589e\u957f\uff0c\u5b83\u4eec\u65e0\u6cd5\u5728\u5355\u4e2a\u82af\u7247\u751a\u81f3\u5355\u4e2a\u670d\u52a1\u5668\u673a\u67b6\u4e0a\u8fdb\u884c\u8bad\u7ec3\u6216\u8fd0\u884c\u3002\u5de5\u4f5c\u8d1f\u8f7d\u5fc5\u987b\u5206\u5e03\u5728\u6210\u5343\u4e0a\u4e07\u4e2a\u534f\u540c\u5de5\u4f5c\u7684 GPU \u4e0a\u3002\u7f8e\u6ee1\u7535\u5b50\u4e13\u6ce8\u4e8e\u5149\u4e92\u8fde\u3001\u6570\u5b57\u4fe1\u53f7\u5904\u7406\u5668\uff08DSP\uff09\u548c\u5b9a\u5236\u82af\u7247\uff0c\u8fd9\u4e9b\u6280\u672f\u662f\u5728\u8fd9\u4e9b\u82af\u7247\u4e4b\u95f4\u79fb\u52a8\u6d77\u91cf\u6570\u636e\u4e14\u4e0d\u4ea7\u751f\u5ef6\u8fdf\u6240\u5fc5\u9700\u7684\u3002  <\/p>\n\n<p class=\"wp-block-paragraph\">\u8fd9\u79cd\u67b6\u6784\u8f6c\u578b\u6b63\u5728\u63a8\u52a8\u524d\u6240\u672a\u6709\u7684\u8d22\u52a1\u4e1a\u7ee9\u30025 \u6708\u4e0b\u65ec\uff0c\u7f8e\u6ee1\u7535\u5b50\u62a5\u544a\u4e86\u521b\u7eaa\u5f55\u7684 2027 \u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff0c\u8fbe\u5230 24.18 \u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f 28%\u3002\u4ec5\u6570\u636e\u4e2d\u5fc3\u4e1a\u52a1\u5c31\u8d21\u732e\u4e86 18.33 \u4ebf\u7f8e\u5143\u3002  <\/p>\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u6307\u6807<\/strong><\/td><td><strong>2027 \u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9<\/strong><\/td><td><strong>\u540c\u6bd4\u589e\u957f<\/strong><\/td><\/tr><tr><td><strong>\u603b\u8425\u6536<\/strong><strong><\/strong><\/td><td>24.18 \u4ebf\u7f8e\u5143<\/td><td>+28%<\/td><\/tr><tr><td><strong>\u6570\u636e\u4e2d\u5fc3\u8425\u6536<\/strong><\/td><td>18.33 \u4ebf\u7f8e\u5143<\/td><td>\u4e0d\u9002\u7528<\/td><\/tr><tr><td><strong>\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\uff08Non-GAAP\uff09\u6bcf\u80a1\u6536\u76ca<\/strong><strong><\/strong><\/td><td>$0.80<\/td><td>\u8d85\u51fa\u9884\u671f<\/td><\/tr><\/tbody><\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u7ba1\u7406\u5c42\u7684\u4e1a\u7ee9\u6307\u5f15\u540c\u6837\u6fc0\u8fdb\u3002\u9996\u5e2d\u6267\u884c\u5b98\u9a6c\u7279\u00b7\u58a8\u83f2\u63d0\u5230\u4e86\u201c\u5f02\u5e38\u5f3a\u52b2\u7684 AI \u76f8\u5173\u8ba2\u5355\u201d\uff0c\u5e76\u5c06 2027 \u8d22\u5e74\u5168\u5e74\u5c55\u671b\u4e0a\u8c03\u81f3\u7ea6 115 \u4ebf\u7f8e\u5143\u3002\u66f4\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u7f8e\u6ee1\u7535\u5b50\u9884\u8ba1\u5230 2029 \u8d22\u5e74\uff0c\u4ec5\u5176\u5b9a\u5236\u82af\u7247\u8425\u6536\u5c31\u5c06\u8d85\u8fc7 100 \u4ebf\u7f8e\u5143\uff0c\u516c\u53f8\u603b\u8425\u6536\u76ee\u6807\u5230 2028 \u8d22\u5e74\u8fbe\u5230 150 \u4ebf\u7f8e\u5143\u3002  <\/p>\n\n<h3 class=\"wp-block-heading\">\u82f1\u4f1f\u8fbe\u6218\u7565\u8054\u76df<\/h3>\n\n<p class=\"wp-block-paragraph\">\u9ec4\u4ec1\u52cb\u5728 Computex \u4e0a\u7684\u80cc\u4e66\u4e0d\u4ec5\u4ec5\u662f\u4fee\u8f9e\u4e0a\u7684\uff0c\u5b83\u8fd8\u6709\u8d44\u91d1\u548c\u6df1\u5ea6\u6280\u672f\u6574\u5408\u7684\u652f\u6301\u30022026 \u5e74 3 \u6708\uff0c\u82f1\u4f1f\u8fbe\u5411\u7f8e\u6ee1\u7535\u5b50\u627f\u8bfa\u4e86 20 \u4ebf\u7f8e\u5143\u7684\u6218\u7565\u6295\u8d44\u3002 <\/p>\n\n<p class=\"wp-block-paragraph\">\u8be5\u5408\u4f5c\u4f19\u4f34\u5173\u7cfb\u7684\u6838\u5fc3\u662f NVLink Fusion\uff0c\u8fd9\u662f\u4e00\u4e2a\u5141\u8bb8\u7f8e\u6ee1\u7535\u5b50\u7684\u5b9a\u5236\u4e13\u7528\u96c6\u6210\u7535\u8def\uff08ASIC\uff09\u548c\u5149\u5f15\u64ce\u65e0\u7f1d\u63d2\u5165\u82f1\u4f1f\u8fbe\u4e13\u6709\u673a\u67b6\u67b6\u6784\u7684\u5e73\u53f0\u3002\u867d\u7136\u50cf Alphabet\u3001Meta \u548c\u4e9a\u9a6c\u900a\u8fd9\u6837\u7684\u8d85\u5927\u89c4\u6a21\u4e91\u670d\u52a1\u5546\u6b63\u5728\u8bbe\u8ba1\u81ea\u5df1\u7684\u5b9a\u5236\u82af\u7247\u4ee5\u51cf\u5c11\u5bf9\u6602\u8d35\u7684\u901a\u7528 GPU \u7684\u4f9d\u8d56\uff0c\u4f46\u4ed6\u4eec\u4ecd\u7136\u9700\u8981\u8fd9\u4e9b\u5b9a\u5236\u82af\u7247\u5728\u82f1\u4f1f\u8fbe\u4e3b\u5bfc\u7684\u6570\u636e\u4e2d\u5fc3\u5185\u8fdb\u884c\u901a\u4fe1\u3002\u7f8e\u6ee1\u7535\u5b50\u63d0\u4f9b\u4e86\u5173\u952e\u7684\u8f6c\u6362\u548c\u8fde\u63a5\u5c42\u3002  <\/p>\n\n<p class=\"wp-block-paragraph\">\u8fd1\u671f\u5bf9 Celestial AI\uff08\u5149\u5b50\u6280\u672f\uff09\u548c XConn Technologies\uff08\u82af\u7c92\u6280\u672f\uff09\u7684\u6536\u8d2d\u8fdb\u4e00\u6b65\u6269\u5927\u4e86\u7f8e\u6ee1\u7535\u5b50\u7684\u62a4\u57ce\u6cb3\uff0c\u4f7f\u8be5\u516c\u53f8\u5728 5nm SerDes \u548c CMOS \u5149\u5f15\u64ce\u9886\u57df\u62e5\u6709\u4e86\u96be\u4ee5\u590d\u5236\u7684\u77e5\u8bc6\u4ea7\u6743\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u4f30\u503c\u4e0e\u6267\u884c\u98ce\u9669<\/h3>\n\n<p class=\"wp-block-paragraph\">\u5728\u5355\u65e5\u98d9\u5347 33% \u4e4b\u540e\uff0c\u7f8e\u6ee1\u7535\u5b50\u7684\u5e02\u503c\u7ea6\u4e3a 2,500 \u4ebf\u7f8e\u5143\u3002\u8981\u5b9e\u73b0\u9ec4\u4ec1\u52cb\u7684\u9884\u8a00\u5e76\u8fbe\u5230 1 \u4e07\u4ebf\u7f8e\u5143\u5927\u5173\uff0c\u80a1\u4ef7\u9700\u8981\u5728\u5f53\u524d\u6c34\u5e73\u4e0a\u7ffb\u4e24\u756a\u3002 <\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5\u6bcf\u80a1 291 \u7f8e\u5143\u8ba1\u7b97\uff0c\u7f8e\u6ee1\u7535\u5b50\u7684\u6eda\u52a8\u5e02\u76c8\u7387\u63a5\u8fd1 100 \u500d\u3002\u5e02\u573a\u5df2\u7ecf\u6fc0\u8fdb\u5730\u8ba1\u5165\u4e86\u591a\u5e74\u5b8c\u7f8e\u6267\u884c\u7684\u9884\u671f\u3002\u5982\u679c\u8d85\u5927\u89c4\u6a21\u4e91\u670d\u52a1\u5546\u5f00\u59cb\u5c06\u66f4\u591a\u82af\u7247\u8bbe\u8ba1\u8f6c\u4e3a\u5185\u90e8\u7814\u53d1\uff0c\u6216\u8005\u66f4\u5e7f\u6cdb\u7684 AI \u8d44\u672c\u652f\u51fa\u5468\u671f\u964d\u6e29\uff0c\u7f8e\u6ee1\u7535\u5b50\u7684\u9ad8\u6ea2\u4ef7\u500d\u6570\u5c06\u9762\u4e34\u5267\u70c8\u6536\u7f29\u3002  <\/p>\n\n<p class=\"wp-block-paragraph\">\u6b64\u5916\uff0c\u7f8e\u6ee1\u7535\u5b50\u8fd8\u9762\u4e34\u7740\u6765\u81ea\u535a\u901a\uff08Broadcom\uff0c\u80a1\u7968\u4ee3\u7801\uff1aAVGO\uff09\u7684\u6fc0\u70c8\u7ade\u4e89\uff0c\u540e\u8005\u662f\u5b9a\u5236\u82af\u7247\u9886\u57df\u7684\u73b0\u6709\u5de8\u5934\u3002\u535a\u901a\u7684\u8425\u6536\u89c4\u6a21\u5927\u7ea6\u662f\u7f8e\u6ee1\u7535\u5b50\u7684\u4e94\u500d\uff0c\u5e76\u4e0e\u8c37\u6b4c\u548c Meta \u62e5\u6709\u6df1\u539a\u4e14\u7a33\u56fa\u7684\u5173\u7cfb\u3002\u867d\u7136\u7f8e\u6ee1\u7535\u5b50\u662f\u4e0e\u82f1\u4f1f\u8fbe\u7d27\u5bc6\u7ed3\u76df\u7684\u7075\u6d3b\u6311\u6218\u8005\uff0c\u4f46\u535a\u901a\u4ecd\u662f\u8be5\u9886\u57df\u7684\u4e3b\u5bfc\u529b\u91cf\u3002  <\/p>\n\n<h3 class=\"wp-block-heading\">\u7ed3\u8bba\uff1a\u8bc4\u4f30\u50ac\u5316\u5242<\/h3>\n\n<p class=\"wp-block-paragraph\">\u9ec4\u4ec1\u52cb\u7684\u80cc\u4e66\u6c38\u4e45\u6027\u5730\u6539\u53d8\u4e86\u7f8e\u6ee1\u7535\u5b50\u7684\u53d1\u5c55\u8f68\u8ff9\uff0c\u5c06\u5176\u4ece\u4e00\u4e2a\u884d\u751f AI \u6807\u7684\u8f6c\u53d8\u4e3a\u57fa\u7840\u6027\u7684\u57fa\u7840\u8bbe\u65bd\u8d44\u4ea7\u3002\u5b9a\u5236\u82af\u7247\u548c\u5149\u8fde\u63a5\u7684\u8bba\u70b9\u5b8c\u5168\u6210\u7acb\u3002\u7136\u800c\uff0c\u8ffd\u9010 33% \u7684\u5355\u65e5\u8df3\u7a7a\u4e0a\u6da8\u5e26\u6709\u663e\u8457\u7684\u77ed\u671f\u98ce\u9669\u3002  <\/p>\n\n<p class=\"wp-block-paragraph\"><strong>\u7f8e\u6ee1\u7535\u5b50\u79d1\u6280 (MRVL) \u7ed3\u8bba\uff1a\u9022\u56de\u8c03\u4e70\u5165<\/strong><\/p>\n\n<ul class=\"wp-block-list\">\n<li>\u5f53\u524d\u4ef7\u683c\uff1a** \u7ea6 $291.20<\/li>\n\n\n\n<li>\u76ee\u6807\u4ef7\uff1a** $330.00<\/li>\n\n\n\n<li>\u50ac\u5316\u5242\uff1a** \u5149\u4e92\u8fde\u90e8\u7f72\u52a0\u901f\uff0c\u4ee5\u53ca\u4e0e\u82f1\u4f1f\u8fbe NVLink Fusion 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