Group 1 - Industry investment rating is "Buy" [2] - The report highlights the launch of NVIDIA's CPO switches, Quantum-X Photonics and Spectrum-X Photonics, aimed at meeting low power consumption needs for large-scale networking [13][17] - The CPO technology improves energy efficiency by 3.5 times, network resilience by 10 times, and reduces deployment time by 1.3 times, while also lowering total cost of ownership (TCO) [17][24] Group 2 - Quantum-X Photonics switch features 144 ports with a total bandwidth of 115.2T, utilizing liquid cooling for effective thermal management [18][27] - The report notes that NVIDIA's CPO switches will initially be used in its own network clusters, with cloud vendors expected to purchase a limited number for testing [31] - The CPO technology is positioned as a significant trend in optical network connections, offering advantages in low power consumption, low latency, and cost [31]
通信行业跟踪分析：英伟达CPO交换机发布，满足百万卡组网的低功耗需求
广发证券·2025-03-26 07:00