国产GPU爆发,但仍未迈过那道天堑 episode artwork

EPISODE · Jul 4, 2025 · 9 MIN

国产GPU爆发,但仍未迈过那道天堑

from 虎嗅·商业有味道

6月30日,摩尔线程与沐曦两家国产GPU公司在同一天递交科创板IPO申请,正式吹响冲刺上市的号角。在明星创始团队光环加持下,两家公司早早就进入了“独角兽”行列。上市前,摩尔线程Pre-IPO投前估值已经达到246.2亿元,沐曦也超过了210亿元。但就从两家公司披露的招股书信息来看,讨论谁是“中国英伟达”的问题实在为时过早。作为国内最具潜力的GPU公司,摩尔线程与沐曦所反映出的也是这个赛道的现状:从“可用”到“好用”,国产GPU还有多长的路要走?【时间轴】01:25 国产GPU,“烧钱”不是问题03:28 摩尔线程和沐曦的产品,完成得怎么样了?07:07 市场验证与产能问题,仍是隐忧

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国产GPU爆发,但仍未迈过那道天堑

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