国金证券：超节点产业进入规模落地期头部ODM迎结构性机遇

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智通财经APP获悉，国金证券发布研报称，大模型训练对互联带宽提出刚性需求，超节点成为智算核心底座。海内外厂商产品密集发布与交付，产业进入规模化落地阶段。整机柜交付提升复杂度，头部ODM厂商毛利率有望结构性抬升。国金证券主要观点如下：超节点产业进入规模落地期1）大模型训练与推理对Scale-up域刚性需求显现。大模型万亿参数与MoE架构确立新常态，专家并行（EP）带来的高频All-to-All通信对...

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国金证券：超节点产业进入规模落地期 头部ODM迎结构性机遇

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国金证券：超节点产业进入规模落地期头部ODM迎结构性机遇