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H20停产,国产GPU板块破万亿|智氪
3 6 Ke·2025-08-22 10:22

Core Viewpoint - The domestic computing power sector experienced a significant surge on August 22, with the Wind GPU Index rising by 9.87%, driven by the news of Nvidia's H20 chip production halt, which has catalyzed interest in domestic AI chip companies [1][2]. Group 1: Market Performance - On August 22, the market saw substantial gains, with companies like Cambricon and Haiguang Information both seeing their stock prices rise by 20%, pushing their market capitalizations above 500 billion yuan [1]. - The combined market capitalization of listed companies in China with GPU-related businesses, including Cambricon, Haiguang Information, Jingjia Micro, and Chipone, officially surpassed 1 trillion yuan on August 22 [1]. Group 2: Nvidia H20 Chip Production Halt - Nvidia's decision to halt production of the H20 chip, which was designed for the Chinese market, was influenced by ongoing U.S. export restrictions and concerns over the chip's security and performance [3][4][6]. - The H20 chip, a scaled-down version of the H100, has been under scrutiny due to its performance limitations and the potential for security vulnerabilities, leading to decreased demand from domestic customers [3][10]. Group 3: Domestic AI Chip Development - The rapid advancement of domestic AI chips has been a significant factor in the market dynamics, with companies like Huawei, Cambricon, and Haiguang winning substantial GPU server contracts [12][13]. - The release of DeepSeek-V3.1, which supports the new UE8M0 FP8 precision format, indicates a shift towards greater reliance on domestic AI chips, further enhancing their market position [14][15].