Morgan Stanley: Nvidia chips are seen as the per-token cost leader
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Glonghui, May 21 — Amidst ongoing debates in the market regarding the cost-effectiveness of artificial intelligence (AI) chips, Wall Street investment bank Morgan Stanley recently released a new analysis report supporting NVIDIA’s industry conclusion that its products have the lowest “cost per token” on the market. The report also states that NVIDIA’s “best-in-class” performance advantage cannot be surpassed by competitors in the short term. The report notes that although some rival companies have recently claimed their alternative chips offer better token economics, NVIDIA’s core logic of computational cost-effectiveness still holds. Morgan Stanley analysts emphasize that one of the major technological misconceptions in the current market is the blind pursuit of cheap hardware, while NVIDIA’s actual performance has already proven that “until disruptive evidence emerges, low-cost chips do not directly translate into lower cost-per-token operations.”
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