연산
GPUs, AI accelerators, and general-purpose compute silicon for training and inference.
수요가 여기까지 오는 이유
체인의 눈에 띄는 중심이고, 대부분의 사람이 여기서 멈춘다. 혼자 돌아가지도 않는다. 가속기 주변에는 메모리 대역폭, 패키징, 인터커넥트, 광학, 스토리지, 전력, 냉각이 필요하다. 하나라도 늦으면 실리콘은 논다.
병목은 어디인가
설계 리더십은 여기 모이지만, 단기 천장은 보통 가속기 설계가 아니라 패키징, HBM, 전력 쪽에서 온다.
공급사 집중도와 납기에 대한 구조 관찰이지, 어떤 증권에 대한 의견이 아닙니다.
이 레이어의 기업
- NVDA수혜
NVIDIA
GPU/accelerator platform for AI training and inference.
Data-center GPUsHGXNVL72이 계층의 역할
AI 학습·추론용 데이터센터 GPU와 랙 스케일 시스템을 공급합니다.
- AMD수혜
Advanced Micro Devices
Data-center GPUs and CPUs for AI training and inference.
Instinct GPUs이 계층의 역할
AI 학습·추론에 쓰이는 Instinct 데이터센터 GPU를 공급합니다.
- AVGO수혜
Broadcom
Custom AI accelerator (XPU) and networking silicon designer.
Custom ASICs이 계층의 역할
고객 자체 시스템용 맞춤형 SoC ASIC을 설계하며, 여기에는 AI 가속기가 포함됩니다.
- CBRS수혜
Cerebras Systems
Wafer-scale AI accelerator systems for training and inference.
CS-4WSE-3이 계층의 역할
웨이퍼 스케일 AI 시스템을 만들며, 현재 빠른 추론을 내세웁니다.
- INTC수혜
Intel
Data-center CPUs and accelerators; also operates contract fabrication.
Xeon CPUsGaudi accelerators이 계층의 역할
AI·HPC·범용 워크로드용 Xeon 데이터센터 CPU와 Gaudi AI 가속기를 공급합니다.
- ARM수혜
Arm Holdings
CPU architecture and IP licensed into datacenter and edge silicon.
NeoverseCPU architecture licensing이 계층의 역할
CPU 아키텍처와 Neoverse 설계를 라이선스하며, 파트너가 이를 바탕으로 데이터센터·클라우드 AI 칩을 만듭니다.
이들 증권을 인용한 공개 13F
리서치 참고용이며 추천이 아닙니다. SEC에 보관된 사실입니다. 증권을 이 레이어에 넣은 분류는 저희 것이며, 신고인은 그런 주장을 하지 않았습니다.
- ARK Investment Managementreported a position inAMDForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Appaloosa Managementreported a position inAMDForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Bridgewater Associatesreported a position inAMDForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Coatue Managementreported a position inAMDForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Duquesne Family Officereported a position inAMDForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Fundstrat Capitalreported a position inAMDForm 13F-HR for the period ending 2026-06-30, filed 2026-08-13 · SEC filing
- Tiger Global Managementreported a position inAMDForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- ARK Investment Managementreported a position inAVGOForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Appaloosa Managementreported a position inAVGOForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Bridgewater Associatesreported a position inAVGOForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Coatue Managementreported a position inAVGOForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Fundstrat Capitalreported a position inAVGOForm 13F-HR for the period ending 2026-06-30, filed 2026-08-13 · SEC filing
- Tiger Global Managementreported a position inAVGOForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- ARK Investment Managementreported a position inCBRSForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Coatue Managementreported a position inCBRSForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Tiger Global Managementreported a position inCBRSForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- ARK Investment Managementreported a position inNVDAForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Appaloosa Managementreported a position inNVDAForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Bridgewater Associatesreported a position inNVDAForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Coatue Managementreported a position inNVDAForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
- Fundstrat Capitalreported a position inNVDAForm 13F-HR for the period ending 2026-06-30, filed 2026-08-13 · SEC filing
- Tiger Global Managementreported a position inNVDAForm 13F-HR for the period ending 2026-06-30, filed 2026-08-14 · SEC filing
Rows below are public SEC Form 13F-HR filings, reported by the filing entity for the period shown and filed later — they are never current holdings. Form 13F covers long US equity positions only: it excludes short positions, cash, non-US holdings and most derivatives, and a reported position may have been sold since. Assigning a ticker to a layer is XingAI's classification, not the filer's. Nothing here is a recommendation, and an institution reporting a position is not a reason to take one.
같은 트랙
Descriptive positioning only. `stance` says whether a company's business is exposed to a layer, never whether to buy it. Layers with no exposure are not recommendations to add any.