Minsheng Securities: NVIDIA's entry accelerates the robotics industry.

Zhitong App learned that Minsheng Securities has released a research report stating that 2024 will be the year of robot technology, with tech giants such as NVIDIA, Microsoft (MSFT.US), and OpenAI entering the field, leading to an accelerated industry development. It is recommended to pay attention to the core partner in the NV robot field, Orbbec (688322.SH), and sensor track companies: Minchips (688286.SH), Hanwei Technology (300007.SZ), and Ampelon (301413.SZ).

Minsheng Securities' viewpoints are as follows:

NVIDIA's entry accelerates the robot industry.

On February 24, NVIDIA established GEAR, bringing robots into reality. GEAR, short for General Embodied Agent Research, is led by AI senior research scientists, AI agent program leaders Jim Fan and Professor Yuke Zhu. It aims to build foundational models for embodied agents applicable to virtual and physical worlds, dedicated to achieving intelligent applications across multiple modes and scenarios. NVIDIA firmly believes that in the future, every mobile machine will achieve autonomy, and robots and simulated intelligent agents will be as ubiquitous as the iPhone.

The era of embodied intelligence is coming, humanoid robots open up a trillion-dollar blue ocean.

In May 23, Huang Renxun proposed that "the next wave of artificial intelligence is embodied intelligence," and the robot industry has entered the era of embodied intelligence. Compared to traditional industrial robots and collaborative robots, embodied intelligent robots have the characteristics of high intelligence, minimal work scene restrictions, and the ability to autonomously plan complex tasks, making them a battleground for domestic and foreign tech giants and research institutions. Currently, overseas companies like Microsoft, Google, the team led by Fei-Fei Li, Tesla, as well as domestic companies like iFlytek, DT Robot, Alibaba DAMO Academy, Zhiyuan Robot, and Yushu Technology have all launched embodied intelligent systems or robot products. Musk predicted at the 2023 Tesla shareholders' meeting that the global number of humanoid robots is expected to reach 10 billion to 20 billion in the future, opening up a trillion-dollar blue ocean market for humanoid robots.

Focus on NV robot partners.

NVIDIA collaborates with companies such as Zhumiyu Technology, DriveU, Hesai Technology, Jiuhao Company, Orbbec, QT Company, and Yushu Technology in the field of robots. Among them, Orbbec focuses on 3D visual perception business and as NVIDIA's core partner in the robot business, it is bound to benefit significantly from the year of robot technology.

1. On the hardware side, Orbbec has jointly developed the 3DiToF camera FemtoMega with NVIDIA and Microsoft, which is now in mass production and globally released.

2. On the ecosystem side, it deeply integrates with NVIDIA Omniverse ecosystem, developing the 3D development kit PerseeN1 in collaboration, with multiple 3D cameras integrated into NVIDIA's robot simulation development platform IsaacSim. Orbbec has established business cooperation with many robot customers such as UBTech, Standa, Yunji Technology, and Gaoxian Robot. Besides NVIDIA, the Femto series iToF cameras developed by Orbbec in collaboration with Microsoft cover three products, empowering global developers to create diverse 3D visual depth perception applications on Microsoft's Azure cloud computing platform.

GTC 2024 will unveil groundbreaking achievements in robotics.

NVIDIA will host the GTC 2024 conference on March 18-21, where Jensen Huang will announce the latest breakthroughs in accelerated computing, generative AI, and robotics. Leading global robotics companies will showcase next-generation autonomous machines at the event, with 25 robots on display from companies like Agility Robotics, Boston Dynamics, Disney, and Google DeepMind, including humanoid robots and industrial robotic arms.

Risk Factors: Intensified market competition; risks of new product development and expansion in the robotics sector falling short of expectations.