[2026 Outlook] Plan Ahead! Share the Investment Opportunities You Are Optimistic About
2026 Outlook | The "New Electricity" Revolution at the Apex of Computational Power: NVIDIA Pushes 800V HVDC, Be Sure to Keep This List of Investment Opportunities!
Fellow investors, as we face a brand-new 2026, instead of anxiously chasing trends, it's better to calmly understand the direction. Stay tuned.@Niuniu Classroomto unlock your investment roadmap in real time. In the new year, let’s stay calm and patient, proceed steadily for long-term success, and slowly grow our wealth together.
The core contradiction in artificial intelligence infrastructure construction is shifting:From a pure pursuit of GPU quantity to a competition for faster power supply.
As early as 2025, NVIDIA introduced the 800V HVDC architecture, which deploys solid-state transformers (SST) at the edge of data centers to directly convert 10kV-20kV high-voltage alternating current into 800V direct current. According to Vertiv, NVIDIA’s blueprint tells us:The 800V high-voltage direct current not only improves efficiency but also makes the power supply system more 'compact.'
Simply put, it's like upgrading a country road to a highway: when transmitting the same power, raising the voltage to 800V cuts the current in half! This brings three key advantages:
1. Efficiency improvement:Reduced current leads to less heat generation, improving energy efficiency across the entire chain from the power grid to chips, and data centers are no longer 'overheating';
2. Space optimization:With lower current, there is significant savings in materials like copper cables and busbars, simplified architecture, and more flexible equipment layouts;
3. Streamlined links:Outputting 800V high-voltage direct current reduces power conversion stages, shortens the energy path, and boosts efficiency.
Looking ahead to 2026, investment logic in the power sector is deepening. In addition to focusing on the source of power supply,800V HVDC as a key technology in the energy efficiency revolution，Its industrial chain value cannot be overlooked either. This article will provide fellow investors with an in-depth analysis of the application prospects of this technology and identify core beneficiaries.
What is the outlook for 800V HVDC?
Goldman Sachs estimates that between 2025 and 2030,The total addressable market for AI data center power products is set to expand at a compound annual growth rate of approximately 39%.This includes seven major product categories: gas turbines, power transformers, uninterruptible power supply systems, server power supplies, electrical components, liquid cooling systems, and more.
This growth is supported by three key drivers:ongoing capacity construction, increasing power density, and the architectural transition from AC-dominant to DC-dominant systems.As AI rack power increases from 100kW to higher levels approaching 1MW, engineering complexity rises across rectification, protection, heat dissipation, and energy storage integration, creating a larger value pool for DC-ready components and grid-connected assets.
An 800V DC power distribution architecture is becoming the standard configuration for most greenfield AI data center projects under construction, with some pilot projects already exploring approximately 800V DC buses.Goldman Sachs points out that adopting higher voltage DC power distribution can save about 5-15% of energy consumption at the facility level compared to traditional AC topologies. Key players like NVIDIA have fully committed to transitioning to an 800V DC architecture roadmap, while major ecosystem participants are aligning their product roadmaps toward DC-ready power conversion, protection, and battery energy storage system integration.
China Merchants Securities states that as ICT equipment power density continues to rise, the limitations of traditional UPS systems in terms of efficiency, heat dissipation, and space requirements are becoming increasingly apparent.HVDC, due to its high efficiency, simple structure, and superior power delivery radius, will become the mainstream approach for powering data centers, especially hyperscale data centers.
Which companies are worth watching?
China Merchants Securities notes that the core of external cabinet power supply lies in ensuring safe and reliable power delivery to GPUs.Currently, NVIDIA and CSPs (Cloud Service Providers) hold the strongest influence.When NVIDIA’s GPUs begin to upgrade, considering the impact of power supply upgrades, they will collaborate with some supply chain companies for preliminary research. These companies will also enter the shortlist of suppliers when products scale up. However, since CSPs are the end purchasers, they will further select suppliers from the shortlist.
According to the latest information in NVIDIA's official documentation, the main cooperating suppliers currently include:
![Fellow investors, as we face a brand-new 2026, instead of anxiously chasing trends, it's better to calmly understand the direction. Stay tuned.[Share Link: @Niuniu Classroom]to unlock your investment roadmap in real time. In the new year, let’s stay calm and patient, proceed steadily for long-term success, and slowly grow our wealth together. The core contradiction in artificial intelligence infrastructure construction is shifting:From a mere pursuit of GPU quantity to a race for faster power supply. As early as 2025, NVIDIA launched the 800V HVDC architecture. This solution deploys solid-state transformers (SST) at the edge of data centers, directly converting 10kV-20kV high-voltage alternating current into 800V direct current. According to Vertiv, NVIDIA's blueprint tells us that:800V high-voltage direct current is not only more efficient but also allows the power supply system to become more 'streamlined.' Simply put, it’s like upgrading a country road into a highway: when transmitting the same amount of power, raising the voltage to 800V cuts the current in half! This brings three key advantages: 1. Increased efficiency:Reduced current means less heat generation, improving end-to-end energy efficiency from the grid to the chip, and preventing data centers from 'overheating'; 2. Space optimization:With reduced current, there are significant savings in materials such as copper cables and busbars, simplified architecture, and more flexible equipment layouts. 3. Streamlined Links:Outputting 800V high-voltage direct current reduces power conversion steps, shortens the energy path, and boosts efficiency significantly. Looking ahead to 2026, the power industry...](https://nnqimage.futunn.com/sns_client_feed/900080/20260114/web-1768399080290-CkdzVEx2Qe.png/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Wafer suppliers: $Analog Devices (ADI.US)$ 、 $Alpha & Omega Semiconductor (AOSL.US)$ 、 $Monolithic Power Systems (MPWR.US)$ 、 $Navitas Semiconductor (NVTS.US)$ 、 $ON Semiconductor (ON.US)$ 、 $Power Integrations (POWI.US)$ 、 $STMicroelectronics (STM.US)$ 、 $Texas Instruments (TXN.US)$ 、 $INNOSCIENCE (02577.HK)$ 、 $INFINEON TECHNOLOG (IFNNY.US)$ 、 $Renesas Electronics (ADR) (RNECY.US)$ 、 $Rohm (ADR) (ROHCY.US)$ , EPC, and Richtek Technology;
Power system component suppliers: $Flex Ltd (FLEX.US)$ 、 $GE Vernova (GEV.US)$ 、 $Shenzhen Megmeet Electrical (002851.SZ)$ , BizLink Group, Delta Electronics, $BYD ELECTRONIC (00285.HK)$ subsidiary Lead Wealth and Lite-On Technology;
Data center power system suppliers: $Eaton (ETN.US)$ 、 $GE Vernova (GEV.US)$ 、 $Vertiv Holdings (VRT.US)$、 $Mitsubishi Electric (ADR) (MIELY.US)$ 、 $SIEMENS AG (SIEGY.US)$ , ABB, Hitachi Energy, Heron Power, Schneider Electric.
In addition, Foxconn provided a detailed introduction of its Taiwan Kaohsiung 1 Data Center currently under construction, which supports 800 VDC and has a capacity of 40,000 kilowatts.$CoreWeave (CRWV.US)$ 、Lambda、$NEBIUS (NBIS.US)$ 、 $Oracle (ORCL.US)$Industry pioneers such as Cloud Infrastructure and Together AI are also designing 800-volt data centers.
Additionally, $Vertiv Holdings (VRT.US)$They announced their space-saving, cost-effective, and energy-efficient 800 VDC MGX reference architecture, which is a complete power and cooling infrastructure framework.$Hewlett Packard Enterprise (HPE.US)$They announced that their products will support NVIDIA Kyber and NVIDIA Spectrum-XGS Ethernet scale-out technology, which is part of the Spectrum-X Ethernet platform.
Summary
NVIDIA expects that in the long term, its 800VDC architecture could reduce total cost of ownership (TCO) by up to 30% through improvements in efficiency, reliability, and system architecture, which is also associated with lower equipment maintenance costs (of course, in the short term, this will be another major expenditure threshold).
NVIDIA anticipates that the transition to 800VDC data centers will proceed in tandem with the deployment of its Kyber rack architecture, with a target timeline set for 2027. Goldman Sachs predicts that commercial applications of related technologies will begin to show economies of scale around 2028.
For investors, keeping an eye on these companies that are defining the next generation of data center power standards might be one of the best ways to position themselves for the 2026 AI infrastructure upgrade.
Fellow investors may also refer to previous articles in the 2026 outlook series.
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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