CITIC Securities: Suggests focusing on core companies in the NVIDIA industrial chain and enterprises strategically investing in LPU.

Golden Ten Data reported on March 6 that a research report from CITIC Securities stated that the NVIDIA GTC conference is about to be held, and LPU may become a highlight of the GTC conference. PD separation has already become a standard configuration for large model inference. Previously, NVIDIA launched Rubin CPX to address the cost reduction needs of Prefill. After acquiring Groq, NVIDIA may introduce LPU or "LPU-like" chips at this conference to improve Decode efficiency. It is recommended to pay attention to core enterprises in the NVIDIA industry chain and companies that strategically invest in LPU. Meanwhile, in the domestic computing power sector, PD separation plus super node solutions are also expected to become mainstream. It is recommended to focus on leading domestic super node manufacturers and leading domestic computing power chip companies.