{"id":1603,"date":"2026-01-08T20:52:53","date_gmt":"2026-01-08T11:52:53","guid":{"rendered":"https:\/\/us-stocks.owl358.com\/?p=1603"},"modified":"2026-01-08T20:52:53","modified_gmt":"2026-01-08T11:52:53","slug":"post-1603","status":"publish","type":"post","link":"https:\/\/us-stocks.owl358.com\/?p=1603","title":{"rendered":"AI\u6295\u8cc7\u306e\u6f6e\u76ee\u304c\u5909\u308f\u308b\uff1aByteDance\u306e\u5927\u53e3\u767a\u6ce8\u3068NVIDIA\u9700\u8981\u306e\u884c\u65b9\uff082026\u5e74\u7248\uff09"},"content":{"rendered":"<h2 style=\"font-size: 32px;\">\u30a4\u30f3\u30c8\u30ed\u30c0\u30af\u30b7\u30e7\u30f3\uff1a\u4f55\u304c\u5831\u3058\u3089\u308c\u305f\u304b\uff08\u8981\u70b9\u6574\u7406\uff09<\/h2>\n<p>\u8907\u6570\u30e1\u30c7\u30a3\u30a2\u306fByteDance\u304c2026\u5e74\u306bNVIDIA\u88fdAI\u30c1\u30c3\u30d7\u306e\u5927\u53e3\u767a\u6ce8\u3092\u4e88\u5b9a\u3057\u3066\u3044\u308b\u3068\u5831\u3058\u3066\u3044\u307e\u3059\u3002<br \/>\n\u5831\u9053\u3067\u306f\u91d1\u984d\u898f\u6a21\u304c\u7d041000\u5104\u4eba\u6c11\u5143\u524d\u5f8c\u3001\u6982\u7b97\u3067\u7d04140\u5104\u30c9\u30eb\u306b\u76f8\u5f53\u3059\u308b\u3068\u3055\u308c\u3066\u304a\u308a\u3001\u3053\u308c\u306f\u540c\u793e\u306eAI\u30a4\u30f3\u30d5\u30e9\u6295\u8cc7\u306e\u5927\u5e45\u62e1\u5f35\u3092\u793a\u5506\u3057\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u7a2e\u306e\u5927\u53e3\u53d7\u6ce8\u89b3\u6e2c\u306fNVIDIA\u306e\u51fa\u8377\u8a08\u753b\u3084\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u8ca0\u8377\u3001\u3055\u3089\u306b\u306fHBM3\u306a\u3069\u9ad8\u5e2f\u57df\u30e1\u30e2\u30ea\u306e\u9700\u7d66\u306b\u76f4\u63a5\u5f71\u97ff\u3057\u307e\u3059\u3002<br \/>\n\u3057\u305f\u304c\u3063\u3066\u5358\u306a\u308b\u300c\u8cb7\u3044\u6750\u6599\u300d\u4ee5\u4e0a\u306b\u3001\u30cf\u30fc\u30c9\u30a6\u30a7\u30a2\u4f9b\u7d66\u5074\u306e\u751f\u7523\u8a08\u753b\u3084OEM\u53d7\u6ce8\u306e\u6d41\u52d5\u5316\u3092\u5f15\u304d\u8d77\u3053\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h2 style=\"font-size: 32px;\">1\uff0eByteDance\u767a\u6ce8\u5831\u9053\u304c\u5e02\u5834\u306b\u4e0e\u3048\u308b\u5373\u6642\u7684\u30a4\u30f3\u30d1\u30af\u30c8<\/h2>\n<p>\u77ed\u671f\u7684\u306b\u306fNVIDIA\uff08NVDA\uff09\u306e\u696d\u7e3e\u671f\u5f85\u304c\u4e0a\u632f\u308c\u6750\u6599\u3068\u3057\u3066\u4f5c\u7528\u3057\u307e\u3059\u3002<br \/>\n\u5177\u4f53\u7684\u306b\u306f\u5927\u53e3\u5951\u7d04\u306e\u30cb\u30e5\u30fc\u30b9\u3067\u5bc4\u308a\u524d\u306e\u51fa\u6765\u9ad8\u304c\u81a8\u3089\u307f\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u3067\u30b3\u30fc\u30eb\u8cb7\u3044\u304c\u5897\u3048\u308b\u3068\u77ed\u671f\u6025\u9a30\u306e\u30c8\u30ea\u30ac\u30fc\u306b\u306a\u308a\u5f97\u307e\u3059\u3002<\/p>\n<p>\u540c\u6642\u306bOEM\uff08\u4f8b\uff1aSupermicro\u3001Dell\u3001HPE\uff09\u3084AI\u30b5\u30fc\u30d0\u30fc\u3092\u7d44\u3080\u53d7\u8a17\u4f01\u696d\u306e\u53d7\u6ce8\u3082\u52a0\u901f\u3059\u308b\u305f\u3081\u3001SMCI\u3084\u95a2\u9023\u30b7\u30b9\u30c6\u30e0\u30a4\u30f3\u30c6\u30b0\u30ec\u30fc\u30bf\u30fc\u306b\u9806\u6b21\u8cc7\u91d1\u304c\u6ce2\u53ca\u3057\u307e\u3059\u3002<\/p>\n<h2 style=\"font-size: 32px;\">2\uff0e\u9700\u7d66\u306e\u30dc\u30c8\u30eb\u30cd\u30c3\u30af\uff1aHBM3\u3068\u88fd\u9020\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3<\/h2>\n<p>H200\u306a\u3069\u9ad8\u6027\u80fdGPU\u306fHBM3\u306a\u3069\u9ad8\u5e2f\u57df\u30e1\u30e2\u30ea\u3092\u5927\u91cf\u306b\u4f7f\u3044\u307e\u3059\u3002<br \/>\nHBM3\u306e\u4f9b\u7d66\u304c\u8ffd\u3044\u3064\u304b\u306a\u3044\u3068GPU\u81ea\u4f53\u306e\u51fa\u8377\u306f\u5236\u7d04\u3055\u308c\u3001\u7d50\u679c\u7684\u306b\u4fa1\u683c\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u5265\u304c\u308c\u306b\u304f\u304f\u306a\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u305f\u3081\u6295\u8cc7\u5bb6\u306fGPU\u305d\u306e\u3082\u306e\u306e\u53d7\u6ce8\u901f\u5831\u3060\u3051\u3067\u306a\u304f\u3001\u30e1\u30e2\u30ea\u30e1\u30fc\u30ab\u30fc\uff08Micron\u306a\u3069\uff09\u306e\u51fa\u8377\u72b6\u6cc1\u3084\u5728\u5eab\u3001\u30d5\u30a1\u30d6\u306e\u7a3c\u50cd\u7387\u60c5\u5831\u3082\u540c\u6642\u306b\u30e2\u30cb\u30bf\u30fc\u3059\u3079\u304d\u3067\u3059\u3002<\/p>\n<h2 style=\"font-size: 32px;\">3\uff0e\u30af\u30e9\u30a6\u30c9\u3068\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u306eCAPEX\u89b3\u70b9\u304b\u3089\u898b\u308b\u4f59\u6ce2<\/h2>\n<p>\u30af\u30e9\u30a6\u30c9\u4e8b\u696d\u8005\u306fGPU\u5358\u4fa1\u306e\u5909\u52d5\u3092\u53d7\u3051\u3066CAPEX\u914d\u5206\u3092\u8abf\u6574\u3057\u307e\u3059\u3002<br \/>\nGPU\u30b3\u30b9\u30c8\u304c\u4e0b\u304c\u308c\u3070\u63a8\u8ad6\u30ef\u30fc\u30af\u30ed\u30fc\u30c9\u306e\u5546\u7528\u5316\u304c\u52a0\u901f\u3057\u3001\u30af\u30e9\u30a6\u30c9\u306e\u53ce\u76ca\u6027\u304c\u6539\u5584\u3057\u307e\u3059\u3002<br \/>\n\u9006\u306b\u30b3\u30b9\u30c8\u304c\u4e0a\u6607\u3059\u308c\u3070\u5c0e\u5165\u30da\u30fc\u30b9\u306e\u920d\u5316\u3084\u3001\u30af\u30e9\u30a6\u30c9\u5074\u306e\u5c0e\u5165\u6761\u4ef6\uff08\u5951\u7d04\u5f62\u614b\u3084\u30ea\u30fc\u30b9\uff09\u898b\u76f4\u3057\u304c\u8d77\u304d\u307e\u3059\u3002<\/p>\n<p>\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fcREIT\u3084\u30b3\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u4e8b\u696d\u8005\uff08Equinix\u3001Digital Realty\uff09\u306f\u5e8a\u9762\u7a4d\u3068\u96fb\u529b\u9700\u8981\u306e\u5897\u52a0\u3067\u6069\u6075\u3092\u53d7\u3051\u307e\u3059\u3002<br \/>\n\u5927\u53e3GPU\u5c0e\u5165\u306f\u96fb\u529b\u30fb\u51b7\u5374\u9700\u8981\u306e\u9855\u5728\u5316\u306b\u3064\u306a\u304c\u308a\u3001PPA\u3084BESS\u306e\u95a2\u9023\u6295\u8cc7\u304c\u8ffd\u3044\u98a8\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2 style=\"font-size: 32px;\">4\uff0e\u30bb\u30af\u30bf\u30fc\u5225\u306e\u6295\u8cc7\u6a5f\u4f1a\u3068\u6ce8\u76ee\u9298\u67c4\uff08\u5177\u4f53\u540d\u3042\u308a\uff09<\/h2>\n<p>\u4ee5\u4e0b\u306fByteDance\u767a\u6ce8\u89b3\u6e2c\u3092\u53d7\u3051\u3066\u6069\u6075\u304c\u51fa\u3084\u3059\u3044\u30bb\u30af\u30bf\u30fc\u3068\u4e3b\u8981\u9298\u67c4\u306e\u6574\u7406\u3067\u3059\u3002<\/p>\n<ul>\n<li><strong>GPU\u30e1\u30fc\u30ab\u30fc<\/strong>\uff1aNVIDIA\uff08NVDA\uff09\u3001AMD\uff08AMD\uff09\u3002<br \/>\nNVIDIA\u306fCUDA\u30a8\u30b3\u30b7\u30b9\u30c6\u30e0\u306e\u512a\u4f4d\u6027\u3067\u4e2d\u5fc3\u7684\u53d7\u76ca\u8005\u306b\u306a\u308a\u307e\u3059\u3002<\/li>\n<li><strong>HBM\u30fbDRAM\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc<\/strong>\uff1aMicron Technology\uff08MU\uff09\u3002<br \/>\nHBM\u4f9b\u7d66\u6539\u5584\u306f\u30b7\u30b9\u30c6\u30e0\u30b3\u30b9\u30c8\u4f4e\u4e0b\u306b\u76f4\u7d50\u3057\u307e\u3059\u3002<\/li>\n<li><strong>AI\u30b5\u30fc\u30d0\u30fcOEM \/ SI<\/strong>\uff1aSuper Micro Computer\uff08SMCI\uff09\u3001Dell Technologies\uff08DELL\uff09\u3001HPE\uff08HPE\uff09\u3002<br \/>\n\u53d7\u6ce8\u5897\u3067\u30d0\u30c3\u30af\u30ed\u30b0\u304c\u4f38\u3073\u308b\u3068\u696d\u7e3e\u306b\u5373\u52b9\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/li>\n<li><strong>\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u30fb\u30b9\u30a4\u30c3\u30c1 \/ SmartNIC<\/strong>\uff1aArista Networks\uff08ANET\uff09\u3001Marvell\uff08MRVL\uff09\u3001Broadcom\uff08AVGO\uff09\u3002<br \/>\nAI\u30ef\u30fc\u30af\u30ed\u30fc\u30c9\u306e\u30b9\u30b1\u30fc\u30eb\u30a2\u30a6\u30c8\u304c\u9700\u8981\u3092\u62bc\u3057\u4e0a\u3052\u307e\u3059\u3002<\/li>\n<li><strong>\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fcREIT<\/strong>\uff1aEquinix\uff08EQIX\uff09\u3001Digital Realty\uff08DLR\uff09\u3002<br \/>\n\u5927\u53e3\u9867\u5ba2\u306e\u5897\u52a0\u304c\u5e8a\u9762\u7a4d\u30fb\u96fb\u529b\u9700\u8981\u3092\u62bc\u3057\u4e0a\u3052\u307e\u3059\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 32px;\">5\uff0e\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u6761\u4ef6<\/h2>\n<p>ByteDance\u767a\u6ce8\u306e\u30cb\u30e5\u30fc\u30b9\u3067\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u5019\u88dc\u3092\u62bd\u51fa\u3059\u308b\u969b\u306e\u7c21\u6613\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0\u6761\u4ef6\u3092\u793a\u3057\u307e\u3059\u3002<br \/>\n\u4ee5\u4e0b\u3092\u6e80\u305f\u3059\u9298\u67c4\u3092\u30a4\u30d9\u30f3\u30c8\u76e3\u8996\u5019\u88dc\u3068\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30d7\u30ec\u30de\u30fc\u30b1\u30c3\u30c8\u51fa\u6765\u9ad8 &gt; \u904e\u53bb30\u65e5\u5e73\u5747\u51fa\u6765\u9ad8 \u00d7 1.8\u3002<\/li>\n<li>\u5f53\u65e5\u306e\u30aa\u30d7\u30b7\u30e7\u30f3\u30b3\u30fc\u30eb\u30d5\u30ed\u30fc\uff08\u30c9\u30eb\u30d9\u30fc\u30b9\uff09 &gt; \u904e\u53bb30\u65e5\u5e73\u5747 \u00d7 1.5\u3002<\/li>\n<li>\u8a72\u5f53\u9298\u67c4\u306e\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc \/ AI\u5411\u3051\u58f2\u4e0a\u304c\u76f4\u8fd1\u56db\u534a\u671f\u3067QoQ\u5897\u3002<\/li>\n<li>\u30e1\u30e2\u30ea\u30fbHBM\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u306f\u5728\u5eab\u6307\u6a19\u3084\u51fa\u8377\u30ac\u30a4\u30c0\u30f3\u30b9\u304c\u6539\u5584\u50be\u5411\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 32px;\">6\uff0e\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u30c6\u30f3\u30d7\u30ec<\/h2>\n<table style=\"border-collapse: collapse; width: 100%; margin-bottom: 14px;\" border=\"1\" cellspacing=\"0\" cellpadding=\"8\">\n<thead>\n<tr style=\"background: #f6f6f6;\">\n<th>\u9298\u67c4<\/th>\n<th>\u30a8\u30f3\u30c8\u30ea\u30fc\u6761\u4ef6<\/th>\n<th>\u5229\u78ba\u6226\u7565<\/th>\n<th>\u640d\u5207\u308a<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>NVIDIA\uff08NVDA\uff09<\/td>\n<td>ByteDance\u5927\u53e3\u767a\u6ce8\u5831\u9053\uff0b\u5bc4\u308a\u524d\u51fa\u6765\u9ad8\u30b9\u30d1\u30a4\u30af\uff0b\u30aa\u30d7\u30b7\u30e7\u30f3\u3067\u30b3\u30fc\u30eb\u8cb7\u3044\u89b3\u6e2c<\/td>\n<td>\u90e8\u5206\u5229\u78ba+10%\u3001\u6b8b\u3092\u30c8\u30ec\u30fc\u30ea\u30f3\u30b0\u3067\u7ba1\u7406<\/td>\n<td>\u521d\u671f-6%\u3067\u7e2e\u5c0f\u3001\u6c7a\u7b97\u3084\u30ac\u30a4\u30c0\u30f3\u30b9\u60aa\u5316\u3067\u5168\u64a4\u9000<\/td>\n<\/tr>\n<tr>\n<td>Super Micro\uff08SMCI\uff09<\/td>\n<td>AI\u30b5\u30fc\u30d0\u30fc\u53d7\u6ce8IR\uff0bPTS\u51fa\u6765\u9ad8\u6025\u5897<\/td>\n<td>\u77ed\u671f+8%\u3067\u6bb5\u968e\u5229\u78ba<\/td>\n<td>\u53d7\u6ce8\u53d6\u6d88\u3084\u7d0d\u671f\u554f\u984c\u3067\u624b\u4ed5\u821e\u3044<\/td>\n<\/tr>\n<tr>\n<td>Micron\uff08MU\uff09<\/td>\n<td>HBM\u51fa\u8377\u6539\u5584\u3084\u30e1\u30e2\u30ea\u4fa1\u683c\u5b89\u5b9a\u5316\u306e\u5831\u9053<\/td>\n<td>\u4e2d\u671f\u4fdd\u6709\u3067+15%\u76ee\u5b89\u3001\u9700\u7d66\u6539\u5584\u304c\u7d9a\u304f\u9593\u30db\u30fc\u30eb\u30c9<\/td>\n<td>\u30b9\u30dd\u30c3\u30c8\u4fa1\u683c\u6025\u843d\u3067\u4e00\u90e8\u524a\u6e1b<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2 style=\"font-size: 32px;\">7\uff0e\u4e2d\u9577\u671f\u6226\u7565\uff1a\u9700\u7d66\u3068\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u3092\u898b\u308b\u6295\u8cc7\u8a2d\u8a08<\/h2>\n<p>\u4e2d\u9577\u671f\u3067\u306f\u6b21\u3092\u91cd\u8996\u3057\u307e\u3059\u3002<br \/>\n1\uff09HBM\u3084\u9ad8\u5e2f\u57df\u30e1\u30e2\u30ea\u306e\u751f\u7523\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u5897\u5f37\u3002<br \/>\n2\uff09NVIDIA\u306e\u751f\u7523\u8a08\u753b\u3068\u30d5\u30a1\u30d6\u8abf\u6574\uff08TSMC\u306a\u3069\u3068\u306e\u5354\u696d\uff09\u3002<br \/>\n3\uff09\u30af\u30e9\u30a6\u30c9\u4e8b\u696d\u8005\u306eCAPEX\u30ac\u30a4\u30c0\u30f3\u30b9\u3068LTV\u3067\u306e\u56de\u53ce\u8a08\u753b\u3002<\/p>\n<p>\u3053\u308c\u3089\u304c\u69cb\u9020\u7684\u306b\u6539\u5584\u3059\u308b\u5c40\u9762\u3067\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u5168\u4f53\u306b\u4e2d\u9577\u671f\u306e\u8cc7\u91d1\u6d41\u5165\u304c\u751f\u307e\u308c\u307e\u3059\u3002<br \/>\n\u5358\u767a\u306e\u5831\u9053\u3067\u5f97\u3089\u308c\u308b\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u3068\u306f\u7570\u306a\u308a\u3001\u6642\u9593\u5206\u6563\u3068\u30dd\u30b8\u30b7\u30e7\u30f3\u7ba1\u7406\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n<h2 style=\"font-size: 32px;\">8\uff0e\u30ea\u30b9\u30af\u3068\u8b66\u6212\u30b7\u30ca\u30ea\u30aa<\/h2>\n<ul>\n<li>\u4e2d\u56fd\u5f53\u5c40\u3084\u7c73\u56fd\u306e\u8f38\u51fa\u898f\u5236\u306e\u5909\u66f4\u3067\u8a31\u8a8d\u53ef\u304c\u6ede\u308b\u30ea\u30b9\u30af\u3002<\/li>\n<li>HBM3\u3084\u96fb\u6e90\u30fb\u51b7\u5374\u306a\u3069\u5468\u8fba\u30a4\u30f3\u30d5\u30e9\u4e0d\u8db3\u3067\u5c0e\u5165\u304c\u8db3\u8e0f\u307f\u3059\u308b\u30ea\u30b9\u30af\u3002<\/li>\n<li>\u904e\u5270\u767a\u6ce8\u2192\u5728\u5eab\u7a4d\u307f\u4e0a\u304c\u308a\u2192\u30b9\u30dd\u30c3\u30c8\u4fa1\u683c\u4e0b\u843d\u3068\u3044\u3046\u9700\u7d66\u9006\u56de\u8ee2\u30ea\u30b9\u30af\u3002<\/li>\n<li>\u30e1\u30c7\u30a3\u30a2\u5831\u9053\u306e\u300c\u89b3\u6e2c\u300d\u306f\u5fc5\u305a\u3057\u3082\u6b63\u5f0f\u53d7\u6ce8\u3092\u610f\u5473\u3057\u306a\u3044\u70b9\uff08\u53d7\u6ce8\u78ba\u5831\u3092\u8981\u78ba\u8a8d\uff09\u3002<\/li>\n<\/ul>\n<h2 style=\"font-size: 32px;\">9\uff0e\u5b9f\u52d9\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8\uff08\u30c7\u30a4\u30ea\u30fc\u30ef\u30fc\u30af\u30d5\u30ed\u30fc\uff09<\/h2>\n<ol>\n<li>\u30d7\u30ec\u30de\u30fc\u30b1\u30c3\u30c8\u3067\u95a2\u9023\u9298\u67c4\u306e\u51fa\u6765\u9ad8\u30b9\u30ad\u30e3\u30f3\u3092\u5b9f\u884c\u3059\u308b\u3002<\/li>\n<li>\u30aa\u30d7\u30b7\u30e7\u30f3\u30d5\u30ed\u30fc\u3067\u5927\u53e3\u30b3\u30fc\u30eb\u3092\u691c\u51fa\u3059\u308b\u3002<\/li>\n<li>\u30e1\u30fc\u30ab\u30fcIR\u3068\u9867\u5ba2\uff08ByteDance\u7b49\uff09\u306e\u6b63\u5f0f\u767a\u6ce8\u60c5\u5831\u3092\u8ffd\u3046\u3002<\/li>\n<li>HBM\u30fbDRAM\u306e\u696d\u754c\u30ec\u30dd\u30fc\u30c8\u3067\u51fa\u8377\u52d5\u5411\u3092\u78ba\u8a8d\u3059\u308b\u3002<\/li>\n<li>\u6c7a\u7b97\u524d\u3084\u91cd\u8981\u30a4\u30d9\u30f3\u30c8\u524d\u306f\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7e2e\u5c0f\u3057\u3066\u30a4\u30d9\u30f3\u30c8\u30ea\u30b9\u30af\u3092\u9650\u5b9a\u3059\u308b\u3002<\/li>\n<\/ol>\n<h2 style=\"font-size: 32px;\">10\uff0e\u95a2\u9023\u8a18\u4e8b<\/h2>\n<ul>\n<li><a href=\"https:\/\/us-stocks.owl358.com\/?p=1599\" target=\"_blank\" rel=\"noopener\">AI\u6295\u8cc7\u306e\u6f6e\u76ee\u304c\u5909\u308f\u308b\uff1aGPU\u4fa1\u683c\u6539\u5b9a\u30682026\u5e74\u306e\u6295\u8cc7\u6226\u7565<\/a><\/li>\n<li><a href=\"https:\/\/us-stocks.owl358.com\/?p=1559\" target=\"_blank\" rel=\"noopener\">2026\u5e74\u6ce8\u76ee\u306eAI\u30a4\u30f3\u30d5\u30e9\u682a\u30c8\u30c3\u30d710\u3068\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u5bfe\u7b56<\/a><\/li>\n<li><a href=\"https:\/\/us-stocks.owl358.com\/?p=1583\" target=\"_blank\" rel=\"noopener\">AI\u9769\u547d\u306e\u7b2c2\u6ce2\uff1a\u751f\u6210AI\u3068GPU\u9700\u8981\u3067\u4e0a\u6607\u671f\u5f85\u306e\u7c73\u56fd\u682a12\u9078<\/a><\/li>\n<li><a href=\"https:\/\/us-stocks.owl358.com\/?p=1589\" target=\"_blank\" rel=\"noopener\">\u534a\u5c0e\u4f53\u8a2d\u5099\u6295\u8cc7\u30b5\u30a4\u30af\u30eb\u518d\u52a0\u901f\u3000\u53d7\u6ce8\u30c7\u30fc\u30bf\u3067\u8aad\u3080\u88c5\u7f6e\u682a\u306e\u77ed\u671f\u6025\u9a30\u30c8\u30ea\u30ac\u30fc<\/a><\/li>\n<li><a href=\"https:\/\/us-stocks.owl358.com\/?p=1597\" target=\"_blank\" rel=\"noopener\">FRB\u5206\u5c90\u70b9\uff1a\u5229\u4e0b\u3052\u671f\u5f85\u3067\u8cc7\u91d1\u306f\u3069\u3053\u306b\u5411\u304b\u3046\u304b \u2014 2026\u5e74\u306e\u30bb\u30af\u30bf\u30fc\u30ed\u30fc\u30c6\u30fc\u30b7\u30e7\u30f3\u6226\u7565<\/a><\/li>\n<\/ul>\n<h2 style=\"font-size: 32px;\">11\uff0eFAQ\uff08\u77ed\u7b54\uff09<\/h2>\n<p>Q\uff1a\u5831\u9053\u306f\u78ba\u5b9a\u60c5\u5831\u3067\u3059\u304b\u3002<br \/>\nA\uff1a\u73fe\u6642\u70b9\u306e\u5831\u9053\u306f\u95a2\u4fc2\u7b4b\u306e\u60c5\u5831\u306b\u57fa\u3065\u304f\u89b3\u6e2c\u5831\u9053\u304c\u591a\u304f\u3001\u6b63\u5f0f\u306a\u6ce8\u6587\u767a\u8868\u30fb\u53d7\u6ce8\u66f8\u306e\u78ba\u8a8d\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p>Q\uff1a\u500b\u5225\u682a\u306f\u3059\u3050\u8cb7\u3046\u3079\u304d\u304b\u3002<br \/>\nA\uff1a\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u306f\u51fa\u6765\u9ad8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u30fbIR\u306e\u6574\u5408\u6027\u304c\u53d6\u308c\u305f\u5834\u5408\u306e\u307f\u3002\u4e2d\u9577\u671f\u306f\u4f9b\u7d66\u6539\u5584\u3084\u30af\u30e9\u30a6\u30c9CAPEX\u306e\u7d99\u7d9a\u3092\u78ba\u8a8d\u3057\u3066\u6bb5\u968e\u7684\u306b\u7d44\u3080\u306e\u304c\u5b89\u5168\u3067\u3059\u3002<\/p>\n<h2 style=\"font-size: 32px;\">12\uff0e\u307e\u3068\u3081\uff08\u6295\u8cc7\u5bb6\u3078\u306e\u5177\u4f53\u7684\u30a2\u30c9\u30d0\u30a4\u30b9\uff09<\/h2>\n<p>ByteDance\u306e\u5927\u53e3\u767a\u6ce8\u89b3\u6e2c\u306fAI\u30a4\u30f3\u30d5\u30e9\u9700\u8981\u306e\u5f37\u3055\u3092\u793a\u3059\u91cd\u8981\u306a\u30b7\u30b0\u30ca\u30eb\u3067\u3059\u3002<br \/>\n\u305f\u3060\u3057\u5831\u9053\u304c\u78ba\u5831\u306b\u5909\u308f\u308b\u904e\u7a0b\u3067\u9700\u7d66\u3084\u898f\u5236\u3001\u5468\u8fba\u30a4\u30f3\u30d5\u30e9\u306e\u72b6\u6cc1\u304c\u5909\u308f\u308a\u5f97\u308b\u305f\u3081\u3001\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u306f\u53b3\u683c\u306a\u30eb\u30fc\u30eb\u3067\u81e8\u307f\u3001\u4e2d\u9577\u671f\u6295\u8cc7\u306f\u9700\u7d66\u306e\u69cb\u9020\u5909\u5316\u3092\u78ba\u8a8d\u3057\u306a\u304c\u3089\u6bb5\u968e\u7684\u306b\u5b9f\u884c\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<section>\n<h3 style=\"font-size: 22px;\">\u514d\u8cac\u4e8b\u9805<\/h3>\n<p>\u672c\u8a18\u4e8b\u306f\u5831\u9053\u3068\u516c\u958b\u60c5\u5831\u306b\u57fa\u3065\u304f\u5206\u6790\u3092\u63d0\u4f9b\u3059\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u6295\u8cc7\u52a9\u8a00\u3092\u884c\u3046\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<br \/>\n\u6295\u8cc7\u5224\u65ad\u306f\u3054\u81ea\u8eab\u306e\u8cac\u4efb\u3067\u884c\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/section>\n<h3>\u53c2\u52a0\u4e2d\u306e\u30e9\u30f3\u30ad\u30f3\u30b0\u30b5\u30a4\u30c8\u69d8\u3067\u3059\u3002<\/h3>\n<p>\u4e00\u65e5\u4e00\u56de\u30af\u30ea\u30c3\u30af\u3092\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n<p>\u2193\u2193\u2193<\/p>\n<p><a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11197777\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/b.blogmura.com\/stock\/americastock\/88_31.gif\" alt=\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751 \u682a\u30d6\u30ed\u30b0 \u7c73\u56fd\u682a\u3078\" width=\"88\" height=\"31\" border=\"0\" \/><\/a><br \/>\n<a href=\"https:\/\/stock.blogmura.com\/americastock\/ranking\/in?p_cid=11197777\" target=\"_blank\" rel=\"noopener\">\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n<p><a title=\"\u7c73\u56fd\u682a\u30e9\u30f3\u30ad\u30f3\u30b0\" href=\"https:\/\/blog.with2.net\/link\/?id=2124557&amp;cid=5291\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blog.with2.net\/img\/banner\/c\/banner_1\/br_c_5291_1.gif\" alt=\"\u7c73\u56fd\u682a\u30e9\u30f3\u30ad\u30f3\u30b0\" width=\"110\" height=\"31\" \/><\/a><\/p>\n<p><a href=\"https:\/\/airw.net\/kabu\/rank.cgi?id=beibei\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/01\/air_rank.gif\" alt=\"\u682a\u5f0f\u6295\u8cc7\u30e9\u30f3\u30ad\u30f3\u30b0\" border=\"0\" \/><\/a><\/p>\n<p><a title=\"\u4ed5\u624b\u682a\" href=\"https:\/\/kabu-sokuhou.com\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/kabu-sokuhou.com\/img\/item\/banner.gif\" alt=\"\u6ce8\u76ee\u9298\u67c4\" width=\"110\" height=\"31\" \/><\/a><\/p>\n<h3>\u305d\u306e\u4ed6\u3001\u95a2\u9023\u30d6\u30ed\u30b0\u2193\u2193\u2193<\/h3>\n<p>\u682a\u306e\u88cf\u300a\u65e5\u672c\u682a\u95a2\u9023\u300b<br \/>\n<a href=\"https:\/\/ameblo.jp\/ura-kabu\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-446\" src=\"https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/02\/4.jpg\" alt=\"\u682a\u306e\u88cf\" width=\"200\" height=\"113\" srcset=\"https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/02\/4.jpg 200w, https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/02\/4-120x68.jpg 120w, https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/02\/4-160x90.jpg 160w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><br \/>\n\u682a\u306e\u88cf\u3010\u6210\u679c\u3068\u6295\u8cc7\u8853\u3011\u300a\u65e5\u672c\u682a\u95a2\u9023\u300b<br \/>\n<a href=\"https:\/\/k-u-merumaga.owl358.com\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-445\" src=\"https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/02\/3.jpg\" alt=\"\u682a\u306e\u88cf\u3010\u6210\u679c\u3068\u6295\u8cc7\u8853\u3011\" width=\"200\" height=\"113\" srcset=\"https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/02\/3.jpg 200w, https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/02\/3-120x68.jpg 120w, https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2025\/02\/3-160x90.jpg 160w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u30a4\u30f3\u30c8\u30ed\u30c0\u30af\u30b7\u30e7\u30f3\uff1a\u4f55\u304c\u5831\u3058\u3089\u308c\u305f\u304b\uff08\u8981\u70b9\u6574\u7406\uff09 \u8907\u6570\u30e1\u30c7\u30a3\u30a2\u306fByteDance\u304c2026\u5e74\u306bNVIDIA\u88fdAI\u30c1\u30c3\u30d7\u306e\u5927\u53e3\u767a\u6ce8\u3092\u4e88\u5b9a\u3057\u3066\u3044\u308b\u3068\u5831\u3058\u3066\u3044\u307e\u3059\u3002 \u5831\u9053\u3067\u306f\u91d1\u984d\u898f\u6a21\u304c\u7d041000\u5104\u4eba\u6c11\u5143\u524d\u5f8c\u3001\u6982\u7b97\u3067\u7d04140\u5104 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1098],"tags":[709,1103,1104,1101,237,1014],"class_list":["post-1603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","tag-ai","tag-bytedance","tag-gpu","tag-hbm3","tag-nvidia","tag-1014"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/us-stocks.owl358.com\/wp-content\/uploads\/2024\/12\/us.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=\/wp\/v2\/posts\/1603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1603"}],"version-history":[{"count":1,"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=\/wp\/v2\/posts\/1603\/revisions"}],"predecessor-version":[{"id":1604,"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=\/wp\/v2\/posts\/1603\/revisions\/1604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=\/wp\/v2\/media\/15"}],"wp:attachment":[{"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/us-stocks.owl358.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}