谷歌之后Meta需求爆发，ASIC明年就超英伟达GPU？

华尔街见闻2025-06-17

ASIC服务器崛起，能否撼动英伟达霸主地位？据追风交易台消息，野村证券分析师Anne Lee及其团队最新发布的研报显示，Meta在AI服务器领域的雄心正在迅速升温，其自主研发的ASIC（专用集成电路）服务器项目MTIA预计将在2026年迎来关键突破，可能对英伟达长久以来的市场霸主地位发起挑战。报告援引供应链最新消息称，Meta计划在2025年底至2026年间推出数款高规格AI ASIC芯片，...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2544980422?lang=zh_CN&edition=full","thumbnail":"","is_english":false,"pubTime":"2025-06-17 09:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2544980422","market":"sg","top_or_hot":-1,"title":"谷歌之后Meta需求爆发，ASIC明年就超英伟达GPU？","media":"华尔街见闻","content":"<div>\n<p>ASIC服务器崛起，能否撼动英伟达霸主地位？\n据追风交易台消息，野村证券分析师Anne Lee及其团队最新发布的研报显示，Meta在AI服务器领域的雄心正在迅速升温，其自主研发的ASIC（专用集成电路）服务器项目MTIA预计将在2026年迎来关键突破，可能对英伟达长久以来的市场霸主地位发起挑战。\n报告援引供应链最新消息称，Meta计划在2025年底至2026年间推出数款高规格AI ASIC芯片，...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3749248\">网页链接</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>谷歌之后Meta需求爆发，ASIC明年就超英伟达GPU？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n谷歌之后Meta需求爆发，ASIC明年就超英伟达GPU？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-06-17 09:33 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3749248><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ASIC服务器崛起，能否撼动英伟达霸主地位？\n据追风交易台消息，野村证券分析师Anne Lee及其团队最新发布的研报显示，Meta在AI服务器领域的雄心正在迅速升温，其自主研发的ASIC（专用集成电路）服务器项目MTIA预计将在2026年迎来关键突破，可能对英伟达长久以来的市场霸主地位发起挑战。\n报告援引供应链最新消息称，Meta计划在2025年底至2026年间推出数款高规格AI ASIC芯片，...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3749248\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2168564222.USD","symbol_name":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","start_time":0,"source_url":"https://wallstreetcn.com/articles/3749248","article_id":"2544980422","we_media_id":"1084101182","thumbnails":[],"rights":{"source":null,"url":"https://wallstreetcn.com/articles/3749248","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2544980422","pubTimestamp":1750124025,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"华尔街见闻","introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"summary":"野村证券表示，Meta计划在2025年底至2026年间推出数款高规格AI ASIC芯片，总量或达100万至150万片，在此助推下，ASIC总出货量有望在2026年某个时点超越英伟达GPU。","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","NVD3.UK":"LS 3X NVIDIA","NVDU":"2倍做多NVDA ETF-Direxion","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","LU1697837992.HKD":"BGF DYNAMIC HIGH INCOME \"A6\" (HKDHDG) INC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","NVDS.UK":"LS -1X NVIDIA","NVDX":"2倍做多NVDA ETF-T-Rex","LU0109392836.USD":"富兰克林科技股A","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","NVD":"2倍做空NVDA ETF-GraniteShares","ON":"安森美半导体","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","NVDY":"NVDA期权收益策略ETF-YieldMax","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","NVD2.UK":"2X NVIDIA ETP","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","ASIC":"Ategrity Specialty Holdings","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","NVDD":"1倍做空NVDA ETF-Direxion","NVIW.SI":"NVDA 3xLongSG261006","3NVD.UK":"LS 3X NVIDIA","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","META":"Meta Platforms, Inc.","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","2NVD.UK":"2X NVIDIA ETP","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","USJW.SI":"ALPHAB 3xLongSG261006","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","SNVD.UK":"LS -1X NVIDIA","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","NVDA":"英伟达","NVDS":"1.5倍做空NVDA ETF-Tradr"},"translate_title":"After Google, Meta demand exploded, ASIC will surpass Nvidia GPU next year?","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDY":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"NVD":0.6,"2NVD.UK":0.6,"ASIC":1,"META":1,"NVD3.UK":0.6,"NVDX":0.6,"NVD2.UK":0.6,"NVDD":0.6,"NVDU":0.6,"ON":1,"NVDS":0.6,"NVDA":1,"NVDS.UK":0.6,"USJW.SI":0.6,"NVIW.SI":0.6},"content_text":"ASIC服务器崛起，能否撼动英伟达霸主地位？\n据追风交易台消息，野村证券分析师Anne Lee及其团队最新发布的研报显示，Meta在AI服务器领域的雄心正在迅速升温，其自主研发的ASIC（专用集成电路）服务器项目MTIA预计将在2026年迎来关键突破，可能对英伟达长久以来的市场霸主地位发起挑战。\n报告援引供应链最新消息称，Meta计划在2025年底至2026年间推出数款高规格AI ASIC芯片，总量或达100万至150万片，与此同时，谷歌、AWS等云服务巨头也在加速自研ASIC部署，AI服务器市场的竞争格局正悄然生变。\nASIC芯片迎爆发，明年出货量或超英伟达\n报告显示，目前英伟达在AI服务器市场价值占比超过80%，而ASIC AI服务器价值占比仅为8-11%。\n但从出货数量角度分析，格局正在发生变化。2025年，谷歌TPU出货量预计达150-200万片，亚马逊AWS Trainium 2 ASIC约140-150万片，而英伟达AI GPU供应量为500-600万片以上。\n供应链调研显示，谷歌和AWS的AI TPU/ASIC合计出货量已达到英伟达AI GPU出货量的40-60%。\n随着Meta从2026年、微软从2027年开始大规模部署自研ASIC解决方案，ASIC总出货量有望在2026年某个时点超越英伟达GPU。\nMeta的MTIA野心：超英伟达Rubin规格\nMeta的MTIA项目是当前ASIC浪潮中最具看点的案例之一。\n供应链数据显示，Meta将在2025年第四季度推出首款ASIC芯片MTIA T-V1，由博通设计，搭载复杂的主板架构（36层高规格PCB），并采用液冷与空冷混合散热技术，负责组装的包括Celestica和Quanta等厂商。\n到2026年中期，MTIA T-V1.5将进一步升级，芯片面积翻倍，超过英伟达下一代GPU Rubin的规格，计算密度直逼英伟达的GB200系统。而2027年的MTIA T-V2则可能带来更大规模的CoWoS封装和高功率（170KW）机架设计。\n然而，Meta的野心并非没有风险。\n报告显示，据供应链估计，Meta希望2025年底至2026年实现100万至150万片ASIC出货，但目前CoWoS晶圆分配仅能支持30万至40万片的生产，产能瓶颈可能拖累计划。更别提大尺寸CoWoS封装的技术挑战，以及系统调试所需的时间（英伟达类似系统的调试耗时6至9个月）。\n果Meta与AWS等CSP同时加速部署，AI服务器所需的高端材料和组件或将面临短缺，进一步推高成本。\n英伟达的技术护城河仍稳固\n英伟达显然也不会坐以待毙。\n在2025年的COMPUTEX大会上，英伟达推出了NVLink Fusion技术，开放其专有互连协议，允许第三方CPU或xPU与自家AI GPU无缝连接。这种半定制化架构看似妥协，实则是英伟达试图巩固云端AI计算市场份额的策略。\n报告指出，数据显示，英伟达在芯片计算密度（每单位面积计算能力）和互连技术（NVLink）上依然领先，ASIC短期内难以追赶其性能表现。此外，英伟达的CUDA生态系统仍是企业AI解决方案的首选，这也是ASIC难以复制的壁垒。\n对于投资者而言，英伟达的技术护城河依然深厚，但其高利润模式是否会在其它CSP（云服务提供商）的成本压力下被迫调整，值得持续关注。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2544980422","isCrawlerRequest":true}