{"id":47139,"date":"2026-05-18T09:21:52","date_gmt":"2026-05-18T09:21:52","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47139\/"},"modified":"2026-05-18T09:21:52","modified_gmt":"2026-05-18T09:21:52","slug":"%e3%82%a8%e3%83%8c%e3%83%93%e3%83%87%e3%82%a3%e3%82%a21%e3%80%9c3%e6%9c%88%e6%9c%9f%e6%b1%ba%e7%ae%97%e3%80%81ai%e9%9c%80%e8%a6%81%e3%81%ae%e7%9c%9f%e4%be%a1%e5%95%8f%e3%81%86%e3%80%80%e5%bc%b7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/47139\/","title":{"rendered":"\u30a8\u30cc\u30d3\u30c7\u30a3\u30a21\u301c3\u6708\u671f\u6c7a\u7b97\u3001AI\u9700\u8981\u306e\u771f\u4fa1\u554f\u3046\u3000\u5f37\u6c17\u898b\u901a\u3057\u671f\u5f85\u3067\u30aa\u30d7\u30b7\u30e7\u30f3\u306b\u6025\u5909\u52d5\u7e54\u308a\u8fbc\u307f"},"content":{"rendered":"

\u30a8\u30cc\u30d3\u30c7\u30a3\u30a2\u306f2026\u5e745\u670820\u65e5\u306b\u30012026\u5e744\u670826\u65e5\u307e\u3067\u306e\u56db\u534a\u671f\uff082027\u5e74\u5ea6\u7b2c1\u56db\u534a\u671f\uff09\u306e\u6c7a\u7b97\u3092\u767a\u8868\u3059\u308b\u4e88\u5b9a\u3060\u3002\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u682a\u3068\u534a\u5c0e\u4f53\u682a\u304c\u5927\u304d\u304f\u4e0a\u6607\u3057\u305f\u5f8c\u3060\u3051\u306b\u3001AI\uff08\u4eba\u5de5\u77e5\u80fd\uff09\u5411\u3051\u30a4\u30f3\u30d5\u30e9\u9700\u8981\u304c\u7d9a\u3044\u3066\u3044\u308b\u304b\u3092\u6e2c\u308b\u8a66\u91d1\u77f3\u3068\u3057\u3066\u6ce8\u76ee\u3055\u308c\u308b\u898b\u901a\u3057\u3002<\/p>\n

\u30d6\u30eb\u30fc\u30e0\u30d0\u30fc\u30b0\u306e\u5e02\u5834\u4e88\u60f3\uff08\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\uff09\u3067\u306f\u3001\u8abf\u6574\u5f8cEPS\uff08\u7279\u5225\u640d\u76ca\u306a\u3069\u4e00\u6642\u7684\u306a\u8981\u56e0\u3092\u9664\u3044\u305f1\u682a\u5f53\u305f\u308a\u5229\u76ca\uff091.77\u30c9\u30eb\u3001\u58f2\u4e0a\u9ad8789\u5104\u30c9\u30eb\u3002\u58f2\u4e0a\u9ad8\u306f\u524d\u5e74\u540c\u671f\u6bd4\u3067\u7d0479%\u5897\u3068\u306a\u308b\u8a08\u7b97\u3060\u3002\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u90e8\u9580\u306e\u58f2\u4e0a\u9ad8\u306f733\u5104\u30c9\u30eb\uff08\u524d\u5e74\u540c\u671f\u6bd4\u7d0487%\u5897\uff09\u304c\u898b\u8fbc\u307e\u308c\u3001Blackwell\uff08\u540c\u793e\u306e\u65b0\u4e16\u4ee3GPU\uff1d\u753b\u50cf\u51e6\u7406\u534a\u5c0e\u4f53\uff09\u4f9b\u7d66\u72b6\u6cc1\u3084\u3001Rubin\uff08\u6b21\u4e16\u4ee3\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\uff09\u306e\u7acb\u3061\u4e0a\u304c\u308a\u6642\u671f\u304c\u7126\u70b9\u306b\u306a\u308b\u3002<\/p>\n

Key Margin And Supply Questions<\/h3>\n

\u8abf\u6574\u5f8c\u7c97\u5229\u76ca\u7387\uff08\u58f2\u4e0a\u7dcf\u5229\u76ca\u7387\u3002\u58f2\u4e0a\u9ad8\u304b\u3089\u88fd\u9020\u539f\u4fa1\u3092\u5dee\u3057\u5f15\u3044\u305f\u5229\u76ca\u306e\u5272\u5408\uff09\u306f\u7d0475%\u304c\u4e88\u60f3\u3055\u308c\u308b\u3002\u30ec\u30dd\u30fc\u30c8\u3067\u306f\u3001\u30d1\u30c3\u30b1\u30fc\u30b8\u30f3\u30b0\uff08\u534a\u5c0e\u4f53\u306e\u5c01\u6b62\u30fb\u5b9f\u88c5\u5de5\u7a0b\uff09\u3001HBM\uff08High Bandwidth Memory\uff1d\u9ad8\u5e2f\u57df\u5e45\u30e1\u30e2\u30ea\u30fc\uff09\u3001\u30b5\u30fc\u30d0\u30fc\u3001\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u6a5f\u5668\u3068\u3044\u3063\u305f\u4f9b\u7d66\u5236\u7d04\u304c\u3001\u51fa\u8377\u91cf\u3084\u30b3\u30b9\u30c8\u306b\u5f71\u97ff\u3057\u3066\u3044\u306a\u3044\u304b\u304c\u8ad6\u70b9\u306b\u306a\u308a\u5f97\u308b\u3002<\/p>\n

\u5148\u884c\u304d\u306e\u5e02\u5834\u898b\u901a\u3057\u3067\u306f\u30012027\u5e74\u5ea6\u306e\u58f2\u4e0a\u9ad8\u306f3,700\u5104\u30c9\u30eb\u3001\u8abf\u6574\u5f8cEPS\u306f8.43\u30c9\u30eb\u304c\u60f3\u5b9a\u3055\u308c\u3066\u3044\u308b\u3002\u3053\u308c\u306f2026\u5e74\u5ea6\u306e\u58f2\u4e0a\u9ad8\u7d042,160\u5104\u30c9\u30eb\u3001\u8abf\u6574\u5f8cEPS4.77\u30c9\u30eb\u3068\u6bd4\u3079\u3001\u58f2\u4e0a\u9ad8\u3067\u7d0471%\u5897\u3001EPS\u3067\u7d0477%\u5897\u306b\u76f8\u5f53\u3059\u308b\u3002<\/p>\n

\u305d\u306e\u307b\u304b\u3001\u76f4\u8fd1\u56db\u534a\u671f\u306e\u5e73\u5747\u7684\u306a\u300c\u6c7a\u7b97\u30b5\u30d7\u30e9\u30a4\u30ba\u300d\uff08\u4e88\u60f3\u3092\u4e0a\u56de\u308b\u5ea6\u5408\u3044\uff09\u304c\u7d0415%\u3001\u682a\u4fa1\u8a55\u4fa1\u304c\u300c\u904e\u53bb12\u30ab\u6708\u5229\u76ca\u306e\u7d0448\u500d\u300d\uff08PER\uff1d\u682a\u4fa1\u53ce\u76ca\u7387\uff09\u3068\u3044\u3063\u305f\u6307\u6a19\u3082\u6319\u3052\u3089\u308c\u3066\u3044\u308b\u3002\u30ea\u30b9\u30af\u3068\u3057\u3066\u306f\u3001\u4f1a\u793e\u4e88\u60f3\uff08\u30ac\u30a4\u30c0\u30f3\u30b9\uff09\u304c\u5e02\u5834\u306e\u5f37\u6c17\u4e88\u60f3\u3092\u4e0a\u56de\u308c\u306a\u3044\u3053\u3068\u3001\u5229\u76ca\u7387\u306e\u4f4e\u4e0b\u3001\u4e2d\u56fd\u5411\u3051\u898f\u5236\u3001AI\u6295\u8cc7\uff08\u8a2d\u5099\u6295\u8cc7\uff09\u306e\u6e1b\u901f\u3001AMD\u3084\u5927\u624b\u30af\u30e9\u30a6\u30c9\u4f01\u696d\u306e\u81ea\u793e\u958b\u767a\u30c1\u30c3\u30d7\u3068\u306e\u7af6\u4e89\u304c\u6307\u6458\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n

Positioning For Big Moves<\/h3>\n

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\u682a\u9ad8\u5f8c\u306e\u8a66\u91d1\u77f3\u3001\u30a8\u30cc\u30d3\u30c7\u30a3\u30a2\u304c5\u670820\u65e5\u6c7a\u7b97\u3002\u58f2\u4e0a789\u5104\u30c9\u30eb\u30fbEPS1.77\u30c9\u30eb\u4e88\u60f3\u3002Blackwell\u4f9b\u7d66\u3068\u7c97\u522975%\u7dad\u6301\u3001\u30ac\u30a4\u30c0\u30f3\u30b9\u304c27\u5e74\u5ea63,700\u5104\u30c9\u30eb\u6210\u9577\u524d\u63d0\u3092\u652f\u3048\u308b\u304b\u3002\u30ea\u30b9\u30af\u306f\u898f\u5236\u30fb\u7af6\u4e89\u3002<\/p>\n","protected":false},"author":116,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-47139","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/47139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/comments?post=47139"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/posts\/47139\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/media?parent=47139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/categories?post=47139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/jp-asia\/wp-json\/wp\/v2\/tags?post=47139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}