· 供应链分析
如果你看好带有 Engram (v4) 的 DeepSeek 大语言模型，做多 CXL (Compute Express Link) 似乎是个不错的想法。 - $ALAB (Leo) - $AVGO - $MRVL 是美国市场的三大巨头。 尤其是 Astera。 如果它成为一种新的架构范式，像 Astera 这样的公司可能会销售数百万个全新的 CXL 控制器来管理外部内存池。 话虽如此，许多关于 DeepSeek 的报道通常夸大其词（内部基准测试与实际表现不同），它可能仅被用于离线批处理。 近期的全面下跌为这三家公司提供了良好的机会。
If you're bullish on DeepSeek LLMs with Engram (v4), going long on CXL seems like a idea. - $ALAB (Leo) - $AVGO - $MRVL are your big three in the US. Especially Astera. If it becomes a new architectural paradigm, companies like Astera maybe would sell millions of net-new CXL controllers to manage the external memory pools. That being said, lot of reports are usually sensational around DeepSeek (internal benchmarks perform different than IRL), and might just be relegated to offline batch processing Recent drop across the board presents a good opportunity for these three.