依 Bloomberg 汇总，亚洲供应商目前约占 Nvidia 生产成本的 90%，较去年同期约 65%明显上升。Union Bancaire Privee 的 Vey-Sern Ling 指出，像 Nvidia 这类全球科技公司将不可避免地持续提高对亚洲供应链的依赖，且物理 AI 会在原有 AI 晶片需求基础上再添一波需求。Nvidia 近年已加深与 SK Hynix、Samsung Electronics 等晶片供应链合作；最新一轮合作正从晶片延伸到 robotics、autonomous systems 与 AI-enabled manufacturing，并将 Nvidia 生态链推向实体 AI 场景。
资本支出显示 AI 周期再加速：Amazon、Microsoft、Alphabet 今年 AI 相关 capex 指引皆约 1,900 到 2,000 亿美元，Meta 则提高至高达 1,450 亿美元。Bloomberg 估算 Nvidia 约占 Microsoft capex 的一半、Amazon 的约四分之一，并在 Meta、Alphabet 仍占较小但领先比例。Hon Hai 在 Microsoft 与 Amazon 成为持续受益者，SK Hynix 在多家企业中占中位数个位数百分比。业绩面亦同步显著：Samsung 半导体部门上季获利暴增 48 倍，SK Hynix 单季盈利亦增加 5 倍。Jensen Huang 将 physical AI 定位为继 generative AI 之后的下一波，Marvin Chen 与 Rajeev De Mello 均认为，这将使北亚科技市场在扩张中维持相对优势。
In the past week, the list of Asian stocks benefiting from Nvidia has expanded further. LG Electronics, Nanya Technology, Huizhou Desay SV Automotive, and Pateo Connect Technology all rallied after news of tie-ups, supply-chain participation, or product collaboration with Nvidia. LG Electronics rose up to 15% in a single day, its biggest intraday gain since Feb. 11, while Nanya Technology rose 10%. The two Chinese names also rose after announcing new mass-production and AI-linked projects. Some of these firms are not widely known internationally, yet their stock reactions show Nvidia-driven demand is increasingly influencing valuation across Asia’s AI hardware ecosystem.
Bloomberg data indicate that Asian suppliers now account for about 90% of Nvidia’s production costs, up from around 65% last year. Vey-Sern Ling of Union Bancaire Privee said this makes it inevitable that companies like Nvidia will keep increasing their reliance on Asia, with physical AI adding on top of AI chip demand. Nvidia has already deepened chip-focused ties with suppliers such as SK Hynix and Samsung Electronics, and the latest wave of partnerships is now moving into physical AI areas including robotics, autonomous systems, and AI-enabled manufacturing, extending the ecosystem beyond pure semiconductors.
AI capex is accelerating. Amazon, Microsoft, and Alphabet have each guided roughly $190 billion to $200 billion this year, while Meta raised spending to as much as $145 billion. Bloomberg estimates Nvidia represents about half of Microsoft’s capex and about a quarter of Amazon’s, with smaller but leading shares at Meta and Alphabet. Hon Hai is a consistent secondary beneficiary, especially at Microsoft and Amazon, and SK Hynix has mid-single-digit shares across companies. Supplier results are reflecting the demand surge: Samsung’s semiconductor unit beat expectations with a 48-fold profit jump, and SK Hynix reported a five-fold increase in quarterly earnings. Jensen Huang has described physical AI as the next wave after generative AI; analysts Marvin Chen and Rajeev De Mello expect this broader demand to keep north Asian tech markets relatively strong because the region already has advanced experience in semiconductors and robots.