鲍威尔鹰声警告，目前不降息，"不救市"。当地时间4月16日，美联储主席鲍威尔表示，别期待美联储 出手救市，特朗普关税政策可能使美联储在"控制通胀"与"支持经济增长"之间陷入两难境地。美联储将 继续观望，并暗示会优先考虑控制通胀，预计美国经济增速将放缓。 特朗普吹牛"一天能征20亿美元关税"遭美海关打脸。近来，特朗普屡次在公开场合鼓吹他的关税政策能 使"美国每天收入20亿美元"。然而美国海关和美国财政部的数据却显示，即便是在4月5日部分关税生效 后，海关实际收到的关税大致也只有2-3亿美元左右 美国派遣战略轰炸机至朝鲜半岛，朝方谴责。朝鲜国防省发言人当地时间16日发表谈话，谴责美国和韩 国以增加"延伸威慑"为名，将B-1B战略轰炸机派遣至朝鲜半岛。此次美韩的军事挑衅是对朝鲜国家安 全露骨的威胁，朝鲜将行使压倒性遏制力予以回应。 美股方面，鲍威尔"鹰声"重创市场，纳指跌3.07%，道指跌1.73%，标普500指数跌2.24%。大型科技股 集体下挫，英伟达跌6.87%，市值一夜蒸发1.37万亿元，特斯拉跌4.94%，苹果跌3.89%，Meta、微软均 大跌3.6%。芯片股遭重挫，AMD、阿斯麦跌超7%，台积电、英特 ...

Market Performance - Major market indexes experienced significant declines, with the Dow down 699 points (-1.73%), S&P 500 down 120 points (-2.24%), Nasdaq down 516 points (-3.07%), and Russell 2000 down 19 points (-1.03%) [1] - The Nasdaq faced larger losses compared to other indexes, primarily due to NVIDIA's H20 chips being restricted for China, resulting in a projected loss of $5.5 billion for the company [2] Federal Reserve Insights - Fed Chair Jerome Powell's address highlighted ongoing market volatility and high uncertainty, with the S&P 500 dropping 1% during his speech and 2% by its conclusion [3] - Powell expressed concerns about the potential for high inflation and high unemployment due to tariff policies, indicating that the Fed may face tough decisions regarding interest rates [3] - He emphasized that the current economic situation does not warrant reliance on a Fed "put" to stabilize the economy and noted that U.S. debt is on an unsustainable path, although not at unsustainable levels currently [4]

位于欧洲的芯片业"风向标"，凸显关税破坏需求的风险。ASML公布的一季度订单额较分析师预期低逾18%，二季度营收指引也逊于预期，未能提供需求好 转的迹象。公司CEO还警告，美国近期宣布的关税给行业造成不确定性，"部分客户的不确定性"可能会导致公司全年营收仅达到指引区间的低端。 美股午盘时段，进一步打击了美股。他重申美联储将先观望、待形势更明确后再考虑降息行动，并警告，联储面临通胀和经济双重目标存在冲突的两难挑 战，被视为提出了滞胀的担忧。鲍威尔还否认会有Fed Put救市，强调市场有序、运转符合预期。 鲍威尔讲话后，芯片股进一步扩大，英伟达和AMD一度跌约10%，拖累三大股指刷新日低，回吐一周来多数涨幅，美元跌幅扩大、逼近三年来低位，美国 国债收益率刷新日低。 鲍威尔讲话后，三大美股指加速下跌，尾盘刷新日低时，道指跌超970点、跌超2%，标普跌超3%，纳指跌超4%。英伟达为首的科技股领跌标普，原油反弹 支持的能源板块一枝独秀。 三大指数两连跌至一周低位，至少收跌近2%。标普收跌2.24%，道指收跌699.57点，跌幅1.73%，纳指收跌3.07%。 关税战阴云笼罩、威胁全球贸易和经济，；芯片业龙头财报和出口管 ...

根据英伟达15日提交给美国监管机关文件，美国政府已通知英伟达，其为大陆市场设计的降规版AI芯 片H20须先取得许可才能出口，而且这项规定"没有期限"。 英伟达警告，1月底至4月底的本年度第1季将提列55亿美元费用，这笔费用与H20系列的"库存、采购承 诺及相关准备"有关。 H20和MI308都是为了符合先前规定、为中国大陆市场打造的"降规版"。H20算力参数只有常规版H100 的14%左右，连网速度和频宽也较慢，但仍是英伟达在中国大陆销售的最先进产品。根据估计，2024年 H20芯片贡献英伟达约120亿至150亿美元营收。 台积电原本预期，今年AI加速器营收贡献将翻倍成长，法人以此估计，台积电2025年AI相关营收将至 少达8,600多亿元。随着英伟达、AMD降规版AI芯片销陆再度受限，法人聚焦今天台积电法说会是否调 整AI订单展望。 业界分析，美国收紧H20和MI308销陆管制，很可能与"DeepSeek事件"及超级电脑相关。大陆AI新创 DeepSeek今年初推出号称"CP值高"又具有竞争力的AI模型R1，震撼业界，其研究就采用H20芯片。路 透2月报导，由于DeepSeek带动对低成本AI模型的需求激增 ...

US lawmakers are looking into how advanced Nvidia chips may have gotten into the hands of the Chinese AI company DeepSeek, which they also accused of spying on Americans on behalf of China. House Representatives released a report on Wednesday that they said "reveals that DeepSeek covertly funnels American user data to the Chinese Communist Party, manipulates information to align with CCP propaganda, and was trained using material unlawfully obtained from US AI models." The lawmakers — Reps. John Moolenaar, ...

On Wednesday, the chipmaker touted the taxes it paid, its U.S.-based workforce, and its role as a technology leader. The company's exports even help the U.S. fix its trade deficit, the statement said, directly addressing President Trump's stated reason for introducing tariffs earlier this month. Nvidia said the statement was in response to a House Select Committee focused on national security threats from China, which opened an investigation into Nvidia's sales on Wednesday. The H20 was introduced by Nvidia ...

每经编辑 毕陆名 美东时间周三，因美联储主席鲍威尔对关税经济影响的担忧等因素引发投资者恐慌，美国股市当日收盘大幅下跌。道 琼斯工业平均指数收盘下跌近700点，跌幅1.73%，标准普尔500指数收跌2.24%，纳斯达克综合指数收跌3.07%。 美东时间周三，受美联储主席鲍威尔鹰派发言影响，三大指数集体大跌，纳指以逾3%的跌幅领跌。 英伟达股价当日下跌6.9%，创下自1月份以来的最大单日跌幅。此外，其他芯片制造商的股价也跟随英伟达股价下 跌，超威半导体股价下跌超过7%。 纳斯达克中国金龙指数收盘跌2.72%。热门中概股集体下挫，京东、小鹏汽车跌超5%，阿里巴巴跌超4%。 富时中国A50指数期货夜盘收跌0.3%。 商品市场，现货黄金在周四开盘续创新高，突破3350美元关口，隔夜累涨逾100美元。 | | V | 现货黄金 XAU | | A | | | --- | --- | --- | --- | --- | --- | | 3355.03+ | | | | +12.08 | +0.36% 06:13:10 | | 开盘 3343.24 | 最高 3355.78 | | 最低 3342.91 | | 昨收 334 ...

智通财经APP获悉，周三，三大指数收跌，纳指盘中一度跌超4%，英伟达(NVDA.US)一度大跌逾 10%，此前这家芯片巨头在一份文件中表示，与向一些地区和国家出口H20图形处理器相关的季度支出 约为55亿美元。 美联储主席鲍威尔周三在讲话中表示担心，美联储可能会在控制通胀和支持经济增长之间陷入两难境 地。随着特朗普总统的关税将产生何种影响的不确定性上升，这位央行行长表示，尽管他预计通胀会上 升，经济增长会放缓，但目前还不清楚美联储需要把更多的注意力放在哪里。 【原油】WTI期货上涨1.9%，收于每桶62.50美元附近，为过去四个交易日中的第三次上涨。6月布伦特 原油上涨1.8%至每桶65.85美元。 【宏观消息】 鲍威尔：别期待美联储出手救市 特朗普每天都在变。美联储主席鲍威尔周三表示，市场希望美联储出 手平息波动的预期可能是错误的。当被问及美联储是否会干预以应对股市的剧烈下跌时，美联储主席鲍 威尔表示："我的回答是不会，但我会给出解释。"鲍威尔在芝加哥出席会议时说："我认为市场正在消 化当前的形势，市场正在应对大量的不确定性，而这意味着波动性。"鲍威尔说，鉴于美国总统特朗普 的关税制度正在发生巨大变化，市场 ...

US stock markets suffered more significant losses on Wednesday, with stocks in leading AI chipmakers slumping after firms said new restrictions on exports to China would cost them billions. It comes as China remains the focus of Donald Trump's tariff regime, with both countries imposing tit-for-tat charges of over 100% on imports. The US commerce department said in a statement it was "committed to acting on the president's directive to safeguard our national and economic security". Please use Chrome browser ...

Core Viewpoint - Nvidia faces significant regulatory challenges due to new licensing requirements imposed by the Trump administration for exporting accelerated chips to China and other select countries, leading to a potential inventory charge of up to $5.5 billion [1][2]. Group 1: Regulatory Impact - The new rules regarding Nvidia's Chinese business have been described by analysts as "disruptive" and "abrupt," indicating a major shift in the regulatory landscape [1]. - UBS analysts characterized the new licensing requirement as effectively a ban, suggesting a severe impact on Nvidia's operations in China [2]. - Analysts expect that the licensing process will be lengthy, which will limit revenue from Nvidia's H20 chip designed for the Chinese market [3]. Group 2: Financial Implications - Nvidia anticipates a charge of up to $5.5 billion in inventory and reserves for the first quarter ending April 27, which could affect its financial performance [2][5]. - Despite the expected decline in sales to China, some analysts believe Nvidia may still meet its revenue targets for the first quarter due to strong demand for its H200 chips [5][6]. - UBS estimates that earnings per share could decrease by 20 cents, while Morgan Stanley predicts an 8% to 9% drop in data center revenues in the near term [6]. Group 3: Market Dynamics - Nvidia has been attempting to reduce its reliance on the Chinese market over the past two years, indicating a strategic shift in its business model [7]. - The company’s chips are highly sought after, and analysts suggest that tariffs are less concerning than export restrictions, which could have broader implications [8]. - Upcoming AI diffusion rules from the Biden administration could further restrict exports to additional countries, potentially impacting Nvidia's market reach [9]. Group 4: Future Outlook - Analysts express optimism regarding Nvidia's relationship with the government, suggesting that this could help mitigate some regulatory concerns moving forward [10].