Nvidia(US:NVDA) Xuan Gu Bao·2025-08-28 00:12Group 1 - Nvidia's Q2 financial report shows that data center revenue has declined for two consecutive quarters, with Blackwell product revenue increasing by 17% quarter-over-quarter, while data center computing revenue decreased by 1% due to a $4 billion drop in H20 sales [1] - Nvidia's CEO Jensen Huang indicated that China could present a $50 billion business opportunity this year, with an expected annual growth rate of approximately 50% in the Chinese market, although no H20 chips were sold to Chinese customers in Q2 [1] - Concerns have been raised regarding potential security vulnerabilities in Nvidia's H20 chip, as noted by the People's Daily [1] Group 2 - Huaxia Securities suggests that domestic AI computing chip companies, such as Huawei's Ascend and Cambricon, may accelerate their development due to factors like the US chip security legislation and H20 discussions, indicating a clearer long-term growth trajectory for domestic chips [1] - According to招商证券, local GPU companies are expected to see continuous year-over-year sales growth by 2025, with a positive long-term outlook for the semiconductor sector, particularly in AI computing and self-controllable attributes [1] - Semiconductor industry segments, including GPU/ASIC/Switch and supporting chips, advanced manufacturing/storage, upstream equipment/materials/EDA, and PCB/CCL, are anticipated to experience significant growth [1] Group 3 - Semiconductor company SMIC is expected to see increased reliance on its advanced process production lines for domestic computing chips, with potential for value reassessment as advanced process capacity and yield improve [1]