🐦 推特SemiAnalysisV1 · 实盘不做把握 8/10
北京时间·🕒 发布 05-23 01:37:34时区推断·⟳ 抓取 06-08 14:37:10回填·⚡ 决策 06-17 00:34:47·132.7 天前
SemiAnalysis评论大摩关于英伟达VR NVL72的BOM分析报告，指出PCB增加及内存加价等细节
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Great BoM Analysis from our friends at Morgan Stanley A couple things to point out: 1. The memory value indicated here…
不做 NVDA.US
BOM分析为行业常态研究，且SemiAnalysis明确指出该架构细节信息自2月已为机构客户所知，无新催化剂，已充分price-in。
不做 MS.US
投行发布的行业研究报告对其自身股价无实质影响，属于纯噪音。
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Great BoM Analysis from our friends at Morgan Stanley
A couple things to point out:
1. The memory value indicated here is referring to the LPDDR5x SOCAMM and the NVMe SSD. It does not include the HBM value, which is included in the GPU item.
2. The memory value indicated here does not equal revenue to the memory vendors, given that Nvidia charges margin on top of the cost they purchased the memory at.
3. PCB content increase stems from the cableless design, which drives significant PCB area increase and material upgrades
4. The total BoM price indicated here is the OEM channel price. Hyperscaler and Neoclouds will have lower BoM compared to this.
Our institutional clients have had these insights since February 2026 from our VR NVL72 BoM Report https://t.co/rktxpF23ug. We also analyze the networking connector and backplane content along side many other contents. Also we discussed the changes in the supplier landscape from GB to VR NVL72.
Contact sales@semianalysis.com if you are interested.
A couple things to point out:
1. The memory value indicated here is referring to the LPDDR5x SOCAMM and the NVMe SSD. It does not include the HBM value, which is included in the GPU item.
2. The memory value indicated here does not equal revenue to the memory vendors, given that Nvidia charges margin on top of the cost they purchased the memory at.
3. PCB content increase stems from the cableless design, which drives significant PCB area increase and material upgrades
4. The total BoM price indicated here is the OEM channel price. Hyperscaler and Neoclouds will have lower BoM compared to this.
Our institutional clients have had these insights since February 2026 from our VR NVL72 BoM Report https://t.co/rktxpF23ug. We also analyze the networking connector and backplane content along side many other contents. Also we discussed the changes in the supplier landscape from GB to VR NVL72.
Contact sales@semianalysis.com if you are interested.
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