--- title: "CITIC Securities: NVIDIA's new product launch, the acceleration of optical module evolution is just in time" description: "CITIC Securities released a research report, stating that in the background of rapid development of AI and accelerated innovation of high-end network equipment, leading manufacturers with R&D capabili" type: "news" locale: "en" url: "https://longbridge.com/en/news/205472461.md" published_at: "2024-06-04T00:20:05.000Z" --- # CITIC Securities: NVIDIA's new product launch, the acceleration of optical module evolution is just in time > CITIC Securities released a research report, stating that in the background of rapid development of AI and accelerated innovation of high-end network equipment, leading manufacturers with R&D capabilities will have higher competitive barriers. It is recommended to focus on leading companies that are ahead in AI high-speed optical modules, coherent optical technology, and AEC direction. NVIDIA launched a new GPU platform Rubin at COMPUTEX 2024, and introduced the development blueprint of the Blackwell platform and the next generation GPU platform. Huang Renxun emphasized the importance of network equipment and the impact of AI networks on the overall efficiency of computing AI data centers in his speech According to the report released by CITIC Securities on the Zhitong Finance APP, at the COMPUTEX 2024 conference, we once again saw the important position of network equipment in the development of AI. We also witnessed the huge opportunities brought by larger cluster sizes and faster product iteration speeds for optical modules and other network equipment. CITIC Securities believes that with the rapid development of AI and the accelerated introduction of high-end network equipment, top manufacturers with strong R&D capabilities will have higher competitive barriers. The industry landscape will continue to optimize, and high-end products will bring higher profits to leading manufacturers. It is recommended to focus on leading companies that are strategically positioned in AI high-speed optical modules, coherent optical technology, AEC, and other directions. **NVIDIA CEO delivers a speech and launches the new GPU platform Rubin.** NVIDIA CEO Jensen Huang delivered a speech at 7 p.m. on June 2nd at the COMPUTEX 2024 conference. During the event, Huang introduced the application of AI basic technology in industries such as robotics and climate prediction, and further introduced the Blackwell platform and released the next-generation GPU platform Rubin. Additionally, NVIDIA showcased the development roadmap for the next generation of GPUs, switches, and network cards at a pace of one generation per year: it is expected to launch the Blackwell/Blackwell Ultra/Rubin GPUs and corresponding network supporting devices in 2024/2025/2026. **NVIDIA once again emphasizes the importance of AI networks, with the possibility of million-card clusters approaching.** Huang reiterated the importance of network equipment at the event: for a $5 billion AI data center, if the network utilization rate drops by 40%, resulting in a 20% increase in training time, it would waste $1 billion in costs, showing the significant impact of network performance on the overall efficiency of AI data centers. NVIDIA also introduced its Ethernet platform Spectrum-X and provided a product roadmap at a pace of one generation per year: 1. 2024: Launching the Spectrum-X800 switch (exchange capacity 51.2T) and the BF3 400G SuperNIC network card, mainly used for a million-card cluster; 2. 2025: Launching the Spectrum UItra-X800 switch (exchange capacity 51.2T) and the CX8-800G SuperNIC network card, mainly used for a hundred-thousand-card cluster; 3. 2026: Launching the Spectrum-X1600 switch (exchange capacity 102.4T) and the CX9-1600 SuperNIC network card, mainly used for a million-card cluster. In NVIDIA's outlook, we see the trend of GPU computing power clusters expanding towards million-card levels, which is expected to drive the continuous growth in demand for network equipment **The next generation optical modules are expected to land in 2026, driving continuous industry demand growth.** According to NVIDIA's Ethernet platform Spectrum-X development blueprint, the Spectrum-X1600 switch and the CX9-1600 SuperNIC network card are set to be launched in 2026. The switch capacity and network card speed will both double, potentially driving the upgrade of optical module demand from 1.6T to 3.2T. This roadmap once again proves that AI development is accelerating the iteration progress of optical modules, shortening the cycle from the previous 3-4 years to 1-2 years (which is consistent with Marvell's statement at the Marvell AI Day conference that "the cycle of AI interconnection rate upgrades has been halved from 4 years to 2 years"). Previously, there were concerns in the market about the sustainability of optical module industry demand in 2026, but NVIDIA's conference clearly outlined the future development blueprint of network equipment. The launch of Spectrum-X1600 and the CX9-1600 SuperNIC network card are expected to directly drive the demand for 3.2T optical modules, thereby fueling continuous industry demand growth ### Related Stocks - [NVDL.US - GraniteShares 2x Long NVDA Daily ETF](https://longbridge.com/en/quote/NVDL.US.md) - [SMH.US - VanEck Semiconductor ETF](https://longbridge.com/en/quote/SMH.US.md) - [600030.CN - CITIC Securities Co., Ltd.](https://longbridge.com/en/quote/600030.CN.md) - [06030.HK - CITIC SEC](https://longbridge.com/en/quote/06030.HK.md) - [SOXL.US - Direxion Semicon Bull 3X](https://longbridge.com/en/quote/SOXL.US.md) - [NVDA.US - NVIDIA](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | LPDDR 6 时代来临！AI 需求太猛，下一代 DRAM 将比预期更快进入市场 | LPDDR6 性能较前代提升 1.5 倍，最快下半年正式商用，英伟达、三星及高通等巨头正积极布局。目前多数 HPC 半导体设计企业考虑并行搭载 LPDDR5X 及 LPDDR6 IP，特别是在 4 纳米及以下先进制程芯片的设计中，需求出现得 | [Link](https://longbridge.com/en/news/276431575.md) | | 三星、海力士 “调整战略”：新存储工厂生产计划提前 | SK 海力士计划将其龙仁一期晶圆厂的试运行时间提前至明年 2-3 月，三星电子将平泽 P4 工厂的投产时间从明年一季度提前至今年四季度，生产规划前移约三个月。调整源于 AI 数据中心扩张导致供应严重短缺，主要客户需求满足率仅 60%。市场普 | [Link](https://longbridge.com/en/news/276302716.md) | | 为 AI 交易 “背书”！OpenAI 正敲定新一轮融资：以 8300 亿美元估值募资高达 1000 亿美元 | OpenAI 正以 8300 亿美元估值推进新一轮融资，目标筹集 1000 亿美元。软银拟领投 300 亿美元，亚马逊和英伟达可能各投 500 亿及 300 亿美元，微软拟投数十亿美元。本轮融资是 OpenAI 自去年秋季公司制改革以来的首 | [Link](https://longbridge.com/en/news/276298180.md) | | 黄仁勋预告 “前所未见” 的芯片新品，下一代 Feynman 架构或成焦点 | 黄仁勋预告今年的 GTC 大会上发布” 世界从未见过” 的全新芯片产品，分析认为新品可能涉及 Rubin 系列衍生产品或更具革命性的 Feynman 架构芯片，市场预期 Feynman 架构将针对推理场景进行深度优化。 | [Link](https://longbridge.com/en/news/276310964.md) | | 学习英伟达刺激芯片销售，AMD 为 “AI 云” 借款做担保 | AMD 为扩大市场份额祭出金融 “狠招”！为初创公司 Crusoe 的 3 亿美元购芯贷款提供担保，承诺在其无客户时 “兜底” 租用芯片。这一复刻英伟达 “租卡云” 路径的策略虽能短期推高销量，但也令 AMD 在 AI 需求放缓时面临更大的 | [Link](https://longbridge.com/en/news/276401504.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.