中信建投 | 英伟达财报超预期,电信天津招标落地提速算力基建,持续推荐算力板块

中信建投证券研究
Mar 02

文|阎贵成 于芳博 刘永旭 曹添雨 方子箫英伟达发布FY2026 财报,公司Q4单季营收681.27亿美元,同比增长73%,其中数据中心业务营收623亿美元,同比增长75%、环比增长22%,全年数据中心收入1937亿美元贡献公司近九成营收,均创历史纪录。叠加OpenRouter显示2月份全球大模型API tokens调用量环比增加69.5%,印证全球 AI 算力需求呈指数级增长。同时,中国电信天津...

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