返回 ppt-master
14_nvidia_sankey.svg
根目录 / examples / ppt169_global_ai_capital_2026 / svg_final / 14_nvidia_sankey.svg
1 <?xml version='1.0' encoding='UTF-8'?>
2 <svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720" width="1280" height="720">
3 <defs>
4 <linearGradient id="flowGrad" x1="0%" y1="0%" x2="100%" y2="0%">
5 <stop offset="0%" stop-color="#E63946" stop-opacity="0.55" />
6 <stop offset="100%" stop-color="#F4A261" stop-opacity="0.45" />
7 </linearGradient>
8 </defs>
9
10 <g id="background">
11 <rect width="1280" height="720" fill="#0E1116" />
12 </g>
13
14 <g id="page-header">
15 <text x="60" y="56" font-family="Cambria, serif" font-size="11" fill="#8A857E" letter-spacing="3">PART V · INFRASTRUCTURE · 14</text>
16 <line x1="60" y1="72" x2="200" y2="72" stroke="#E63946" stroke-width="1" />
17 <text x="60" y="120" font-family="Cambria, &quot;Microsoft YaHei&quot;, serif" font-size="28" font-weight="bold" fill="#E8E6E1">钱怎么转：Nvidia 的<tspan fill="#E63946">圆形投资</tspan></text>
18 <text x="60" y="152" font-family="Cambria, serif" font-size="14" font-style="italic" fill="#8A857E">$40B equity out → AI labs → multi-year compute commitments back to Nvidia</text>
19 </g>
20
21 <g id="column-labels">
22 <text x="140" y="195" text-anchor="middle" font-family="Cambria, serif" font-size="11" fill="#5C5852" letter-spacing="2">SOURCE</text>
23 <text x="640" y="195" text-anchor="middle" font-family="Cambria, serif" font-size="11" fill="#5C5852" letter-spacing="2">RECIPIENT</text>
24 <text x="1140" y="195" text-anchor="end" font-family="Cambria, serif" font-size="11" fill="#5C5852" letter-spacing="2">RETURN FLOW</text>
25 <line x1="60" y1="210" x2="1220" y2="210" stroke="#2A2F36" stroke-width="1" />
26 </g>
27
28 <g id="source-node">
29 <rect x="60" y="280" width="160" height="220" fill="#E63946" />
30 <!-- icon: simple-icons/nvidia -->
31 <g transform="translate(120.0, 295.0) scale(1.6666666666666667)" fill="#E8E6E1">
32 <path d="M8.948 8.798v-1.43a6.7 6.7 0 0 1 .424-.018c3.922-.124 6.493 3.374 6.493 3.374s-2.774 3.851-5.75 3.851c-.398 0-.787-.062-1.158-.185v-4.346c1.528.185 1.837.857 2.747 2.385l2.04-1.714s-1.492-1.952-4-1.952a6.016 6.016 0 0 0-.796.035m0-4.735v2.138l.424-.027c5.45-.185 9.01 4.47 9.01 4.47s-4.08 4.964-8.33 4.964c-.37 0-.733-.035-1.095-.097v1.325c.3.035.61.062.91.062 3.957 0 6.82-2.023 9.593-4.408.459.371 2.34 1.263 2.73 1.652-2.633 2.208-8.772 3.984-12.253 3.984-.335 0-.653-.018-.971-.053v1.864H24V4.063zm0 10.326v1.131c-3.657-.654-4.673-4.46-4.673-4.46s1.758-1.944 4.673-2.262v1.237H8.94c-1.528-.186-2.73 1.245-2.73 1.245s.68 2.412 2.739 3.11M2.456 10.9s2.164-3.197 6.5-3.533V6.201C4.153 6.59 0 10.653 0 10.653s2.35 6.802 8.948 7.42v-1.237c-4.84-.6-6.492-5.936-6.492-5.936z"/>
33 </g>
34 <text x="140" y="380" text-anchor="middle" font-family="Cambria, &quot;Microsoft YaHei&quot;, serif" font-size="20" font-weight="bold" fill="#E8E6E1">Nvidia</text>
35 <text x="140" y="420" text-anchor="middle" font-family="Cambria, serif" font-size="44" font-weight="bold" fill="#E8E6E1">$40B+</text>
36 <text x="140" y="450" text-anchor="middle" font-family="&quot;Microsoft YaHei&quot;, Arial, sans-serif" font-size="12" fill="#E8E6E1" opacity="0.85">equity invested</text>
37 <text x="140" y="475" text-anchor="middle" font-family="Cambria, serif" font-size="11" fill="#E8E6E1" opacity="0.7">YTD 2026</text>
38 </g>
39
40 <g id="flows-left">
41 <path d="M 220,320 C 350,320 410,256 540,256" fill="none" stroke="#E63946" stroke-opacity="0.50" stroke-width="40"/>
42 <path d="M 220,360 C 350,360 410,326 540,326" fill="none" stroke="#E63946" stroke-opacity="0.42" stroke-width="13"/>
43 <path d="M 220,378 C 350,378 410,396 540,396" fill="none" stroke="#E63946" stroke-opacity="0.42" stroke-width="10"/>
44 <path d="M 220,392 C 350,392 410,466 540,466" fill="none" stroke="#E63946" stroke-opacity="0.36" stroke-width="7"/>
45 <path d="M 220,430 C 350,430 410,536 540,536" fill="none" stroke="#E63946" stroke-opacity="0.40" stroke-width="15"/>
46 </g>
47
48 <g id="flows-right">
49 <path d="M 740,256 C 870,256 950,320 1080,320" fill="none" stroke="#F4A261" stroke-opacity="0.50" stroke-width="40"/>
50 <path d="M 740,326 C 870,326 950,360 1080,360" fill="none" stroke="#F4A261" stroke-opacity="0.42" stroke-width="13"/>
51 <path d="M 740,396 C 870,396 950,378 1080,378" fill="none" stroke="#F4A261" stroke-opacity="0.42" stroke-width="10"/>
52 <path d="M 740,466 C 870,466 950,392 1080,392" fill="none" stroke="#F4A261" stroke-opacity="0.36" stroke-width="7"/>
53 <path d="M 740,536 C 870,536 950,430 1080,430" fill="none" stroke="#F4A261" stroke-opacity="0.40" stroke-width="15"/>
54 </g>
55
56 <g id="recipient-nodes">
57 <rect x="540" y="232" width="200" height="48" fill="#F4A261" />
58 <!-- icon: simple-icons/openai -->
59 <g transform="translate(560.0, 240.0)" fill="#0E1116">
60 <path d="M22.2819 9.8211a5.9847 5.9847 0 0 0-.5157-4.9108 6.0462 6.0462 0 0 0-6.5098-2.9A6.0651 6.0651 0 0 0 4.9807 4.1818a5.9847 5.9847 0 0 0-3.9977 2.9 6.0462 6.0462 0 0 0 .7427 7.0966 5.98 5.98 0 0 0 .511 4.9107 6.051 6.051 0 0 0 6.5146 2.9001A5.9847 5.9847 0 0 0 13.2599 24a6.0557 6.0557 0 0 0 5.7718-4.2058 5.9894 5.9894 0 0 0 3.9977-2.9001 6.0557 6.0557 0 0 0-.7475-7.0729zm-9.022 12.6081a4.4755 4.4755 0 0 1-2.8764-1.0408l.1419-.0804 4.7783-2.7582a.7948.7948 0 0 0 .3927-.6813v-6.7369l2.02 1.1686a.071.071 0 0 1 .038.052v5.5826a4.504 4.504 0 0 1-4.4945 4.4944zm-9.6607-4.1254a4.4708 4.4708 0 0 1-.5346-3.0137l.142.0852 4.783 2.7582a.7712.7712 0 0 0 .7806 0l5.8428-3.3685v2.3324a.0804.0804 0 0 1-.0332.0615L9.74 19.9502a4.4992 4.4992 0 0 1-6.1408-1.6464zM2.3408 7.8956a4.485 4.485 0 0 1 2.3655-1.9728V11.6a.7664.7664 0 0 0 .3879.6765l5.8144 3.3543-2.0201 1.1685a.0757.0757 0 0 1-.071 0l-4.8303-2.7865A4.504 4.504 0 0 1 2.3408 7.872zm16.5963 3.8558L13.1038 8.364 15.1192 7.2a.0757.0757 0 0 1 .071 0l4.8303 2.7913a4.4944 4.4944 0 0 1-.6765 8.1042v-5.6772a.79.79 0 0 0-.407-.667zm2.0107-3.0231l-.142-.0852-4.7735-2.7818a.7759.7759 0 0 0-.7854 0L9.409 9.2297V6.8974a.0662.0662 0 0 1 .0284-.0615l4.8303-2.7866a4.4992 4.4992 0 0 1 6.6802 4.66zM8.3065 12.863l-2.02-1.1638a.0804.0804 0 0 1-.038-.0567V6.0742a4.4992 4.4992 0 0 1 7.3757-3.4537l-.142.0805L8.704 5.459a.7948.7948 0 0 0-.3927.6813zm1.0976-2.3654l2.602-1.4998 2.6069 1.4998v2.9994l-2.5974 1.4997-2.6067-1.4997Z"/>
61 </g>
62 <text x="600" y="262" font-family="Cambria, serif" font-size="16" font-weight="bold" fill="#0E1116">OpenAI</text>
63 <text x="730" y="262" text-anchor="end" font-family="Cambria, serif" font-size="18" font-weight="bold" fill="#0E1116">$30B</text>
64
65 <rect x="540" y="302" width="200" height="48" fill="#F4A261" fill-opacity="0.78" />
66 <text x="560" y="332" font-family="Cambria, &quot;Microsoft YaHei&quot;, serif" font-size="15" font-weight="bold" fill="#0E1116">xAI</text>
67 <text x="730" y="332" text-anchor="end" font-family="Cambria, serif" font-size="16" font-weight="bold" fill="#0E1116">~$3B</text>
68
69 <rect x="540" y="372" width="200" height="48" fill="#F4A261" fill-opacity="0.62" />
70 <text x="560" y="402" font-family="Cambria, &quot;Microsoft YaHei&quot;, serif" font-size="15" font-weight="bold" fill="#0E1116">Anthropic</text>
71 <text x="730" y="402" text-anchor="end" font-family="Cambria, serif" font-size="16" font-weight="bold" fill="#0E1116">~$2B</text>
72
73 <rect x="540" y="442" width="200" height="48" fill="#F4A261" fill-opacity="0.48" />
74 <text x="560" y="472" font-family="Cambria, &quot;Microsoft YaHei&quot;, serif" font-size="15" font-weight="bold" fill="#0E1116">Mistral</text>
75 <text x="730" y="472" text-anchor="end" font-family="Cambria, serif" font-size="16" font-weight="bold" fill="#0E1116">~$1B</text>
76
77 <rect x="540" y="512" width="200" height="48" fill="#F4A261" fill-opacity="0.40" />
78 <text x="560" y="542" font-family="Cambria, serif" font-size="15" font-weight="bold" fill="#0E1116">CoreWeave + 其他</text>
79 <text x="730" y="542" text-anchor="end" font-family="Cambria, serif" font-size="16" font-weight="bold" fill="#0E1116">~$4B</text>
80 </g>
81
82 <g id="sink-node">
83 <rect x="1080" y="220" width="160" height="340" fill="#E63946" fill-opacity="0.78" />
84 <text x="1160" y="270" text-anchor="middle" font-family="Cambria, &quot;Microsoft YaHei&quot;, serif" font-size="16" font-weight="bold" fill="#E8E6E1">芯片采购</text>
85 <text x="1160" y="294" text-anchor="middle" font-family="Cambria, serif" font-size="12" fill="#E8E6E1" opacity="0.85">multi-year compute</text>
86 <text x="1160" y="312" text-anchor="middle" font-family="Cambria, serif" font-size="12" fill="#E8E6E1" opacity="0.85">commitments</text>
87
88 <text x="1160" y="380" text-anchor="middle" font-family="Cambria, serif" font-size="36" font-weight="bold" fill="#E8E6E1">$100B+</text>
89 <text x="1160" y="410" text-anchor="middle" font-family="&quot;Microsoft YaHei&quot;, Arial, sans-serif" font-size="12" fill="#E8E6E1" opacity="0.85">implied return</text>
90
91 <line x1="1100" y1="450" x2="1220" y2="450" stroke="#E8E6E1" stroke-width="1" opacity="0.4" />
92
93 <text x="1160" y="490" text-anchor="middle" font-family="Cambria, serif" font-size="13" fill="#E8E6E1" opacity="0.85">10GW (OpenAI)</text>
94 <text x="1160" y="512" text-anchor="middle" font-family="Cambria, serif" font-size="13" fill="#E8E6E1" opacity="0.85">+ multi-cluster GPU</text>
95 <text x="1160" y="534" text-anchor="middle" font-family="Cambria, serif" font-size="13" fill="#E8E6E1" opacity="0.85">deployment</text>
96 </g>
97
98 <g id="callout-bottom">
99 <line x1="60" y1="610" x2="1220" y2="610" stroke="#2A2F36" stroke-width="1" />
100 <text x="60" y="636" font-family="Cambria, serif" font-size="11" fill="#E63946" letter-spacing="3">WEDBUSH</text>
101 <text x="60" y="664" font-family="Cambria, &quot;Microsoft YaHei&quot;, serif" font-size="16" font-style="italic" fill="#E8E6E1">"It fits <tspan fill="#E63946" font-weight="bold">squarely into the circular investment theme</tspan> that's been driving fears around the market's durability."</text>
102 </g>
103
104 <g id="page-footer">
105 <text x="60" y="700" font-family="&quot;Microsoft YaHei&quot;, Arial, sans-serif" font-size="10" fill="#5C5852">Sources: CNBC · The Decoder · NVIDIA newsroom · Bloomberg AI Circular Deals visualization</text>
106 <text x="1220" y="700" text-anchor="end" font-family="Cambria, serif" font-size="10" fill="#5C5852">14 / 20</text>
107 </g>
108 </svg>
108 lines Plain Text