{"id":629533,"date":"2026-04-07T03:41:39","date_gmt":"2026-04-07T10:41:39","guid":{"rendered":"https:\/\/nai500.com\/?p=629533"},"modified":"2026-04-07T03:41:39","modified_gmt":"2026-04-07T10:41:39","slug":"anthropic-googl-avgo-nvda","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/04\/anthropic-googl-avgo-nvda\/","title":{"rendered":"Anthropic \u8207 GOOGL\u3001AVGO \u7c3d\u4e0b\u5de8\u578b\u6676\u7247\u5408\u7d04\uff1bNVDA \u98a8\u96aa\uff1f"},"content":{"rendered":"<p>Financial Times \u5831\u5c0e\uff0cAnthropic \u5df2\u8207 Alphabet \u7684 Google \u53ca Broadcom \u9054\u6210\u591a\u5e74\u671f\u6676\u7247\u8207\u904b\u7b97\u5408\u7d04\uff0c\u50f9\u503c\u53ef\u80fd\u9054\u6578\u5343\u5104\u7f8e\u5143\uff0c\u8a72 AI \u65b0\u5275\u516c\u53f8\u5e74\u5316\u71df\u6536\u6500\u5347\u81f3\u7d04 300 \u5104\u7f8e\u5143\u3002\u6b64\u898f\u6a21\u4e00\u591c\u4e4b\u9593\u91cd\u6574 AI \u4f9b\u61c9\u93c8\uff0c\u62ac\u5347 GOOGL \u8207 AVGO \u7684\u5730\u4f4d\uff0c\u540c\u6642\u5c0d Nvidia \u5728\u5e02\u5834\u4e0a\u7684\u63a7\u5236\u529b\u4ee5\u53ca\u8d85\u5927\u898f\u6a21\u96f2\u7aef\u696d\u8005\uff08hyperscalers\uff09\u5982\u4f55\u914d\u7d66\u7a00\u7f3a\u904b\u7b97\u8cc7\u6e90\u63d0\u51fa\u65b0\u7684\u7591\u554f\u3002<\/p>\n<h3>\u5e02\u5834\u53cd\u61c9\u8207\u7af6\u722d\u5229\u5bb3\u95dc\u4fc2<\/h3>\n<p>\u9019\u500b\u982d\u689d\u8feb\u4f7f\u6295\u8cc7\u4eba\u91cd\u65b0\u7e6a\u88fd AI \u6392\u884c\u699c\u3002Google (GOOGL) \u5f97\u4ee5\u66f4\u660e\u78ba\u5730\u586b\u6eff\u5176\u81ea\u6709 TPU \u80fd\u529b\u4e26\u63d0\u5347 Google Cloud \u7684\u4f7f\u7528\u7387\u3002Broadcom (AVGO) \u978f\u56fa\u4e86\u5176\u4f5c\u70ba\u5ba2\u88fd\u52a0\u901f\u5668\u8207 AI \u7db2\u8def\u5efa\u7f6e\u8005\u7684\u89d2\u8272\uff0c\u5c07\u9577\u4ea4\u671f\u8f49\u63db\u70ba\u591a\u5e74\u671f\u71df\u6536\u53ef\u898b\u5ea6\u3002Nvidia (NVDA) \u2014 \u4ecd\u5728\u92b7\u552e\u6bcf\u4e00\u7247\u80fd\u751f\u7522\u7684 H100 \u8207 B100 \u2014 \u9762\u81e8\u66f4\u5927\u7684\u8a0a\u606f\u885d\u64ca\uff1a\u6700\u5927\u8cb7\u5bb6\u5e0c\u671b\u5728\u6210\u672c\u8207\u63a7\u5236\u9762\u53d6\u5f97\u66ff\u4ee3\u65b9\u6848\u3002AMD (AMD) \u4f4d\u5c45\u4e2d\u9593\uff0c\u5728 CUDA \u9396\u5b9a\u5f31\u5316\u7684\u63d2\u69fd\u4e0a\u722d\u53d6\u5e02\u5834\uff0c\u4ee5\u53ca\u5728\u5ba2\u6236\u8981\u6c42\u8d85\u8d8a Nvidia \u6ea2\u50f9\u7684\u50f9\u683c\u6548\u80fd\u6bd4\u6642\u6436\u4f4d\u3002\u4e0b\u6e38\u800c\u8a00\uff0c\u53f0\u7a4d\u96fb (TSM) \u8207 HBM \u8a18\u61b6\u9ad4\u4f9b\u61c9\u5546 Micron (MU)\u3001SK Hynix\u3001Samsung \u4ecd\u662f\u975e\u9078\u64c7\u6027\u8d0f\u5bb6\uff0c\u56e0\u70ba\u6bcf\u689d\u901a\u5f80 AI \u898f\u6a21\u5316\u7684\u8def\u5f91\u90fd\u901a\u904e\u5b83\u5011\u7684\u74f6\u9838\u3002<\/p>\n<h3>\u5408\u7d04\u6a5f\u5236\u8207\u7531\u8ab0\u8cb7\u55ae<\/h3>\n<p>\u5c0d Anthropic \u800c\u8a00\uff0c\u9019\u4e9b\u5408\u7d04\u770b\u8d77\u4f86\u50cf\u662f\u5c0d\u904b\u7b97\u7a00\u7f3a\u7684\u4fdd\u96aa\uff0c\u800c\u975e\u865b\u69ae\u7684\u8ecd\u5099\u7af6\u8cfd\u3002\u9810\u671f\u6703\u6709 take-or-pay \u7d50\u69cb\u3001\u5927\u984d\u9810\u4ed8\u6b3e\u4ee5\u53ca\u8207\u96f2\u7aef\u627f\u8afe\u7d81\u5b9a\u7684\u7522\u80fd\u9810\u7559\u3002\u5c0d Alphabet \u800c\u8a00\uff0c\u9019\u662f\u4ee5\u5de5\u696d\u898f\u6a21\u5c07\u5167\u90e8\u8a2d\u8a08\u77fd\u667a\u8ca1\u8ca8\u5e63\u5316\uff0c\u8b93\u5de5\u4f5c\u8ca0\u8f09\u7559\u5728 TPU \u4e0a\uff0c\u4e26\u628a\u66f4\u591a\u63a8\u8ad6\u5de5\u4f5c\u63a8\u5411\u5ba2\u88fd\u6676\u7247\uff0c\u5728\u90a3\u88e1\u55ae\u4f4d\u7d93\u6fdf\u53ef\u4ee5\u512a\u65bc Nvidia \u7684\u901a\u7528\u52a0\u901f\u5668\u3002Broadcom \u7684\u89d2\u8272\u662f\u4ea4\u4ed8\u91cf\u8eab\u6253\u9020\u7684 ASIC \u8207\u8b93\u5b83\u5011\u5354\u540c\u904b\u4f5c\u7684\u914d\u5957\uff1a\u9ad8\u968e switch\u3001\u5171\u540c\u5c01\u88dd\u5149\u5b78\u4ee5\u53ca\u53ef\u63d0\u5347\u6bcf\u74e6\u983b\u5bec\u7684\u5148\u9032\u5c01\u88dd\u3002\u6c92\u6709\u53f0\u7a4d\u96fb\u7684 CoWoS \u80fd\u529b\u8207\u7a69\u5b9a\u7684 HBM3E \u8207 HBM4 \u4f9b\u61c9\uff0c\u9019\u4e00\u5207\u7121\u6cd5\u767c\u751f\u3002\u5be6\u969b\u7d50\u679c\u662f\uff1aAnthropic \u5c07\u8cc7\u672c\u652f\u51fa\u885d\u64ca\u8f49\u5ac1\u7d66\u5176\u4f9b\u61c9\u5546\u8207\u96f2\u7aef\u5925\u4f34\uff0c\u540c\u6642\u9396\u5b9a\u4e00\u500b\u53ef\u7528\u4f86\u4ee5\u9ad8\u50f9\u92b7\u552e\u6a21\u578b\u7684\u904b\u7b97\u5730\u677f\u3002<\/p>\n<h3>\u5c0d AI \u9700\u6c42\u8207\u71df\u6536\u54c1\u8cea\u7684\u89e3\u8b80<\/h3>\n<p>300 \u5104\u7f8e\u5143\u7684\u5e74\u5316\u71df\u6536\u6578\u5b57\u6539\u5beb\u4e86\u95dc\u65bc AI\u300c\u7092\u4f5c\u300d\u7684\u8ad6\u8ff0\u3002\u6c92\u6709\u5f37\u52c1\u4f7f\u7528\u91cf\u3001\u9ecf\u6027\u7684\u4f01\u696d\u5408\u7d04\uff0c\u6216\u53ef\u5728\u5927\u898f\u6a21\u63a8\u8ad6\u4e0a\u8b8a\u73fe\u7684\u53ef\u884c\u8a08\u756b\uff0c\u662f\u4e0d\u53ef\u80fd\u5e33\u4e0a\u51fa\u73fe\u9019\u7a2e\u904b\u8f49\u7387\u3002\u66f4\u5177\u555f\u793a\u6027\u7684\u6307\u6a19\uff0c\u5247\u662f\u6bcf\u7f8e\u5143\u71df\u6536\u6240\u9700\u7684\u904b\u7b97\u5f37\u5ea6\u3002\u5982\u679c Anthropic \u7684\u6a21\u578b\u7d44\u5408\u671d\u5411\u66f4\u91cd\u7684\u63a8\u8ad6\u8ca0\u8f09\u2014\u2014\u4f8b\u5982\u904b\u884c\u66f4\u9577\u6642\u9593\u7684 agents\u3001\u6aa2\u7d22\u52d5\u4f5c\u547c\u53eb\u591a\u500b\u6a21\u578b\uff0c\u6216\u5b89\u5168\u5c64\u758a\u4f7f\u5f97\u901a\u904e\u6b21\u6578\u52a0\u500d\u2014\u2014\u90a3\u9ebc\u63d0\u524d\u8cfc\u8cb7\u7522\u80fd\u53ef\u4fdd\u8b77\u6bdb\u5229\u7387\u3002\u5b83\u4e5f\u6697\u793a\u55ae\u4f4d\u6210\u672c\u6b63\u5728\u5feb\u901f\u4e0b\u964d\uff0c\u8db3\u4ee5\u652f\u6301\u66f4\u5ee3\u6cdb\u7684\u5b9a\u50f9\u800c\u4e0d\u6703\u6467\u6bc0\u6bcf\u7528\u6236\u5e73\u5747\u6536\u5165\uff08ARPU\uff09\u3002\u9019\u6b63\u662f\u8d85\u5927\u898f\u6a21\u696d\u8005\u5e0c\u671b\u98db\u8f2a\u904b\u4f5c\u7684\u65b9\u5f0f\uff1a\u627f\u8afe\u6676\u7247\u3001\u63d0\u5347\u4f7f\u7528\u7387\u3001\u58d3\u7e2e\u6210\u672c\u3001\u64f4\u5927\u5e02\u5834\uff0c\u7136\u5f8c\u518d\u5ea6\u627f\u8afe\u3002<\/p>\n<h3>\u5c0d Nvidia \u7684\u554f\u984c\u73fe\u5728\u662f\u5546\u54c1\u6210\u672c\u554f\u984c<\/h3>\n<p>Nvidia \u7684\u4e3b\u5c0e\u5730\u4f4d\u5efa\u7acb\u5728\u4e0a\u5e02\u901f\u5ea6\u3001CUDA \u8edf\u9ad4\u91cd\u529b\u4ee5\u53ca\u53ef\u5373\u523b\u904b\u4f5c\u7684\u7db2\u8def\u5806\u758a\u4e0a\u3002\u7576\u50cf Anthropic \u9019\u6a23\u7684\u8cb7\u5bb6\u5805\u5b9a\u627f\u8afe\u66ff\u4ee3\u65b9\u6848\u6642\uff0c\u8f49\u8b8a\u7684\u4e0d\u50c5\u662f\u5e02\u5360\uff0c\u800c\u662f\u6574\u9ad4 AI \u7522\u696d\u7684\u6df7\u5408\u92b7\u8ca8\u6210\u672c\u3002\u5982\u679c Google \u8207 Broadcom \u80fd\u5728\u8f03\u4f4e\u7e3d\u64c1\u6709\u6210\u672c\u4e0b\u63d0\u4f9b\u53ef\u6bd4\u8f03\u7684\u541e\u5410\u91cf\u2014\u2014\u8a08\u5165\u7db2\u8def\u3001\u8a18\u61b6\u9ad4\u8207\u958b\u767c\u8005\u5de5\u6642\u2014\u2014Nvidia \u7684\u5b9a\u50f9\u6b0a\u9996\u5148\u5728\u8a13\u7df4\u9762\u88ab\u6aa2\u9a57\uff0c\u63a5\u8457\u662f\u63a8\u8ad6\u9762\u3002\u9019\u4e26\u4e0d\u610f\u5473\u8457 NVDA \u6703\u5728\u77ed\u671f\u5931\u5229\uff1b\u7a4d\u58d3\u8a02\u55ae\u8207 HBM \u7684\u4f9b\u61c9\u9650\u5236\u4ecd\u652f\u6490\u7dca\u4fcf\u4f9b\u7d66\u8207\u6ea2\u50f9\u5b9a\u50f9\u3002\u4f46\u9019\u610f\u5473\u8457\u4e0b\u4e00\u8f2a\u8ac7\u5224\u6703\u66f4\u5f37\u8abf\u6bcf token \u6210\u672c\u3001\u6a21\u578b\u5ef6\u9072\u8207\u80fd\u6548\u3002\u7559\u610f\u66f4\u7570\u69cb\u7684\u6a5f\u7fa4\uff1a\u7279\u5b9a\u67b6\u69cb\u8a13\u7df4\u7528\u7684 TPUs\u3001\u70ba\u71b1\u9580\u7aef\u9ede\u8a2d\u8a08\u7684 AVGO \u63a8\u8ad6 ASIC\u3001\u4ee5\u53ca\u5728\u9748\u6d3b\u6027\u8207\u6210\u719f\u5de5\u5177\u93c8\u4ecd\u5177\u512a\u52e2\u7684 NVDA\u3002<\/p>\n<h3>\u96f2\u7aef\u653f\u6cbb\u3001\u6392\u4ed6\u6027\u8207\u53cd\u6258\u62c9\u65af\u98a8\u96aa<\/h3>\n<p>Anthropic \u5728 Amazon (AMZN)\u3001Google (GOOGL) \u8207\u5176\u4ed6\u4f9b\u61c9\u5546\u9593\u4fdd\u6301\u95dc\u4fc2\u5e73\u8861\u3002Amazon \u7684\u6295\u8cc7\u8207 Bedrock \u6574\u5408\u8b93 AWS \u6210\u70ba\u81ea\u7136\u7684\u5bbf\u4e3b\u3002\u4eca\u65e5\u5831\u5c0e\u986f\u793a Google \u5df2\u53d6\u5f97\u66f4\u5927\u3001\u66f4\u9577\u671f\u7684 Anthropic \u5de5\u4f5c\u8ca0\u8f09\u8dd1\u9053\u3002\u82e5 Broadcom \u70ba Anthropic \u6216 Anthropic \u5c07\u4f9d\u8cf4\u7684 Google \u5e73\u53f0\u6253\u9020\u5c08\u7528\u77fd\u6676\uff0c\u9810\u671f\u76e3\u7ba1\u6a5f\u69cb\u6703\u5c0d\u6392\u4ed6\u6027\u3001\u6346\u7d81\u8ca9\u552e\uff0c\u4ee5\u53ca\u8d85\u5927\u898f\u6a21\u696d\u8005\u662f\u5426\u5229\u7528\u57fa\u790e\u5efa\u8a2d\u63a7\u5236\u4f86\u64cd\u7e31 AI \u5e02\u5834\u7d50\u69cb\u63d0\u51fa\u66f4\u591a\u7591\u554f\u3002\u6297\u8faf\u6703\u5f88\u7c21\u55ae\uff1a\u6c92\u6709\u4eba\u80fd\u5728\u4e0d\u8de8\u6676\u7247\u3001\u6676\u5713\u3001\u5c01\u88dd\u8207\u96f2\u7aef\u6df1\u5ea6\u5354\u8abf\u4e0b\u6eff\u8db3 AI 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