机构：美国关税政策影响下2025年AI服务器出货年增率下修至24.5%

Core Viewpoint - The AI server shipment growth rate for 2025 has been slightly revised down to 24.5% due to the impact of U.S. tariff policies and market uncertainties [1] Group 1: Market Conditions - The U.S. value-related regulations may help mitigate some tariff impacts on AI servers [1] - Mexico is not subject to additional tariffs, allowing ODM system manufacturers to ship to U.S. clients through Mexico and benefit from tax exemptions under the USMCA agreement [1] Group 2: Future Projections - Market uncertainties may lead OEMs or CSPs to adopt a more conservative approach, delaying actual purchasing progress [1] - If further retaliatory tariffs lead to significant trade barriers, global inflation or decreased consumer spending could result in a further reduction of the AI server shipment growth rate to around 18% [1]