---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/28480879.md"
description: "$Taiwan Semiconductor(TSM.US) $NVIDIA(NVDA.US) I don't understand macroeconomics, mainly relying on narratives and individual feelings to judge. The market's Beta looks very volatile. But from an industrial and technological dynamics perspective, here are some updated judgments:1. MCP is the industrial protocol for function call/tool use. It has now become the de facto early standard.2. Current "agents," whether they are workflows with deep human involvement or model-based ReAct, share the commonality that the models have not seen these tools/functions during training (Pre/Post train), nor have they been trained on datasets based on <tools, actions, rewards> (except in the coding domain, which is a special case).3. During the training phase (especially the pre-train phase), allowing LLMs to fully learn to plan/call various possible tools is crystallizing into a new industrial consensus. In other words, beyond workflow/ReAct, agents should become an intrinsic capability of LLMs. Will today's application-layer innovations be swallowed up once again by the progress of large models themselves?4. With agents as the goal, there is still much to be done in pre-train/post-train."
datetime: "2025-03-31T03:17:39.000Z"
locales:
  - [en](https://longbridge.com/en/topics/28480879.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/28480879.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/28480879.md)
author: "[晓风 morning_wind](https://longbridge.com/en/profiles/6620864.md)"
---

# $Taiwan Semiconductor(TSM.US) $NVIDIA(NVDA.US) I d…


### Related Stocks

- [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md)
- [TSM.US](https://longbridge.com/en/quote/TSM.US.md)

## Comments (16)

- **差佬的交易员 · 2025-03-31T06:20:07.000Z**: If TSM's stock price returns to a safe state, neither overvalued nor undervalued, what price does StockPro think is reasonable to start building a position?
  - **晓风 morning_wind** (2025-03-31T06:46:56.000Z): I think the current situation looks good. But don't underestimate the recent macro volatility, and don't overestimate your ability to tolerate floating losses.
  - **狗熊的交易员** (2025-03-31T08:20:07.000Z): Now is the best time to accumulate positions in batches
  - **差佬的交易员** (2025-03-31T08:39:27.000Z): The recent macro volatility feels too strong. Is the price of 160 still in a dangerous position at the moment?
- ***烟火声* · 2025-03-31T04:16:53.000Z**: The development potential of AI is enormous.
  - **股神小顾的交易员** (2025-03-31T05:54:10.000Z): You can even see the fireworks god here
  - ***烟火声*** (2025-03-31T08:07:59.000Z): 😆😆
  - **YY爱吃红烧肉** (2025-03-31T13:46:51.000Z): All but the guests are knives
- **Optimus X · 2025-03-31T03:35:36.000Z · 👍 1**: StockPro seems to have a good understanding of AI technology. By the way, VLA (Vision-Language-Action, related to embodied intelligence) based on VLM is also developing rapidly, and its training computing power consumption is even greater.
  - **晓风 morning_wind** (2025-03-31T05:43:45.000Z): Li Auto is a practitioner in this field, their computing power and peripheral services come from Alibaba Cloud
  - **Optimus X** (2025-03-31T05:49:00.000Z): Actually, it's more about various robotics companies, and other industries are also making arrangements, such as Xiaomi, Vivo, and Midea.
  - **lucky小鐘** (2025-03-31T14:55:07.000Z): Li Auto's computing power peripherals come from ByteDance's Volcano Engine, while XPeng's peripherals should be from Alibaba Cloud.
- **Jackiex · 2025-03-31T03:23:01.000Z**: Disagree. Currently, there is a global surplus of computing power, and even cloud platforms for computing power leasing in the Chinese market are underutilized... Against this backdrop, servers and chips related to computing power will undergo a significant correction—unless there is a breakthrough 
  - **晓风 morning_wind** (2025-03-31T03:31:08.000Z): Computing power is not in surplus. The examples you cited from mainland China are market manifestations caused by some local resource misallocation. The underlying essence is the mismatch between thos
  - **Andy‘s Cat** (2025-03-31T03:34:26.000Z): **Opinion, which computing power platform is underutilized??
  - **Jackiex** (2025-03-31T03:44:15.000Z): Mainly emerging computing power leasing platforms, such as Computing Power Cloud, AutoDL, Suanjia Cloud, Data Computing Power, Computing Power Freedom, etc.; I receive their marketing calls all day lo