AI基建大爆发高盛重塑TMT投行版图! 押注“算力时代”的交易洪流

智通财经2025-12-17

智通财经APP获悉，随着全球人工智能科技行业，以及全球范围服务于该前沿行业的几乎全部基础设施业务组合全面兴起，包括华尔街金融巨头高盛与摩根士丹利、摩根大通在内的投行市场领军者们，正在对它们的科技、媒体与电信(即TMT)投资银行业务团队的部分架构进行大规模重组。高盛近日公布的一份亚洲AI算力产业链实地调研报告显示，AI服务器集群需求预计将在2026年继续保持强劲增长，光学网络设备需求也极为强劲，...

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Bet on the torrent of deals in the \"era of computing power\"","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"智通财经APP获悉，随着全球人工智能科技行业，以及全球范围服务于该前沿行业的几乎全部基础设施业务组合全面兴起，包括华尔街金融巨头高盛与摩根士丹利、摩根大通在内的投行市场领军者们，正在对它们的科技、媒体与电信(即TMT)投资银行业务团队的部分架构进行大规模重组。高盛近日公布的一份亚洲AI算力产业链实地调研报告显示，AI服务器集群需求预计将在2026年继续保持强劲增长，光学网络设备需求也极为强劲，DRAM存储芯片市场供应增长仍然温和，需求持续大幅超过供应。有媒体援引一份内部备忘录报道称，Yasmine Coupal和Jason Tofsky将领导一个新的全球基础设施科技业务板块，该业务板块将由高盛的电信(telecom)与CoreTech业务团队整合构建。Kyle Jessen将出任基础设施科技并购(infrastructure technology M&A)业务主管，同时仍将担任半导体业务板块覆盖负责人。这份内部备忘录还显示，另一个新的业务板块是全球互联网与媒体(global internet and media)，该团队将由Brandon Watkins和Alekhya Uppalapati领导。一位高盛发言人证实了媒体所披露的内部备忘录内容。自2023年初ChatGPT风靡全球以来，包括高盛、摩根士丹利在内的华尔街各大金融领军者们一直在寻求把握AI科技行业的业务大型投资活动机会(包括AI相关的大型并购、IPO等机遇);在该行业中，企业们正为AI数据中心投入或融资数十亿美元，并向ChatGPT开发者OpenAI等全球AI开发者们大量注资。OpenAI表示，其承诺将为支持AI训练/推理的超大规模AI基础设施建设投入约1.4万亿美元。高盛近期走访亚洲AI算力供应链核心企业后发现，AI服务器需求持续强劲且预计延续至2026年，其中由谷歌所主导的AI ASIC算力集群出货增长速度预计快于AI GPU，但是后者也将保持强劲增长，且两者均未出现任何程度放缓迹象。在AI算力基础设施供应商方面，英伟达Rubin架构系列AI GPU算力集群按计划将于2026年中期投产，并在2026年下半年实现强劲的产能爬坡。高盛表示，亚洲核心供应商们特别指出，博通为谷歌提供的TPU AI芯片需求在算力基础设施中的增长速度最为强劲。光学网络设备需求表现继续强劲，主要受益于显著的速度升级(比如向800Gb最终过渡到1.6T)和价格上涨。高盛调研还显示，DRAM市场供应增长仍然温和，需求持续大幅超过供应，传统DRAM定价预期将大幅上涨。对于2026年美股走势，高盛的股票策略师团队表示，随着人工智能技术的广泛应用以及美国经济增长保持韧性，美国股市明年将再创新高，企业盈利预计将出现两位数级别的跃升。由Ben Snider领导的高盛策略师团队在最新报告中指出，预计标普500指数成分公司的整体每股收益将在明年跳升12%，并在2027年进一步增长10%。基于盈利预期的改善以及AI热潮仍将主导美股交易，高盛重申了标普500指数明年将在7600点左右交易的目标位，这意味着美股较当前水平仍有约10%的上涨空间。高盛策略师团队的预测模型显示，人工智能驱动的生产力提升正在逐步转化为实际的企业利润，并且人工智能大模型等AI核心技术的采用目前仍处于早期阶段，但大型公司迄今报告的AI在日常经营中的渗透进展明显快于小型企业。谷歌Gemini3，无疑近期在全球范围引爆新一轮AI应用浪潮。Gemini3 系列产品一经发布即带来无比庞大的AI token处理量，迫使谷歌大幅调低Gemini 3 Pro与Nano Banana Pro的免费访问量，对Pro订阅用户也实施暂时限制，叠加韩国近期贸易出口数据显示HBM存储系统以及企业级SSD需求持续强劲，进一步验证了华尔街所高呼的“AI热潮仍然处于算力基础设施供不应求的早期建设阶段”。在华尔街巨头摩根士丹利、花旗、Loop Capital以及Wedbush看来，以AI算力硬件为核心的全球人工智能基础设施投资浪潮远远未完结，现在仅仅处于开端，在前所未有的“AI推理端算力需求风暴”推动之下，持续至2030年的这一轮AI基础设施投资浪潮规模有望高达3万亿至4万亿美元。","kind":"news","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":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"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/2592959282","isCrawlerRequest":true}

﻿AI基建大爆发 高盛重塑TMT投行版图! 押注“算力时代”的交易洪流

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AI基建大爆发高盛重塑TMT投行版图! 押注“算力时代”的交易洪流