Nvidia(US:NVDA) 智通财经网·2025-03-28 08:52Core Insights - The global AI chip market is facing a significant crisis due to supply chain uncertainties, particularly affecting NVIDIA's H20 chip, which is crucial for China's AI industry [1] - Geopolitical tensions and deteriorating global trade conditions are exacerbating the already fragile supply chain, with multiple uncertainties looming over future supply plans [1] - The surge in demand for H20 chips from major Chinese tech companies has led to a severe supply-demand imbalance, prompting H3C to prioritize allocations to high-profit customers [1] Industry Overview - The rapid expansion of China's AI industry, driven by local players like DeepSeek, has triggered a rush for H20 chips among major tech firms such as Tencent, Alibaba, Huawei, and ByteDance [1] - H3C, as a key partner of NVIDIA in China, is working alongside other manufacturers like Inspur and Lenovo to support the country's AI computing infrastructure [2] - The anticipated shipment of H20 chips is projected to exceed 1 million units in 2024, generating over $12 billion in revenue for NVIDIA, highlighting the strategic importance of each chip in the ongoing tech competition [2] Competitive Landscape - Domestic alternatives such as Huawei's Ascend series and Cambricon's products are emerging, but their performance remains to be validated in the market [2] - Potential tightening of H20 export regulations by U.S. officials could pose further challenges to China's AI industry, emphasizing the need for robust domestic solutions [2]