AI芯片短缺拖累科技公司收益 英伟达H100据称明年出货至少增两倍

Core Insights - Nvidia is set to release its quarterly earnings report, with a focus on whether the strong demand for AI products can offset the decline in global computer hardware sales [1] - Nvidia previously projected a revenue growth of approximately two-thirds and a threefold increase in earnings per share for the second fiscal quarter ending July 30, 2024, driven by robust demand for its AI processors [1] - The current supply of Nvidia's H100 AI processors meets only half of the market demand, with expected shipments for next year projected to reach between 1.5 million to 2 million units, a significant increase from the anticipated 500,000 units this year [1] Industry Trends - The demand for Nvidia's AI chips is impacting the broader computing device market, as major buyers are investing heavily in AI while cutting back on investments in the general server market [1] - Foxconn, the world's largest electronics contract manufacturer, anticipates strong demand for AI servers in the coming years, although it warns of a decline in overall server market revenue this year [1] - Lenovo, the leading global PC manufacturer, reported an 8% year-over-year revenue decline due to weak demand from cloud service providers for servers and a shortage of AI processors [1] Cloud Service Providers - Lenovo's CEO noted that cloud service providers are shifting their demand from traditional computers to AI servers, but the supply of AI servers is constrained by GPU shortages [2] - TSMC, the largest chip foundry and exclusive manufacturer of Nvidia's AI processors, expects demand for AI server chips to grow nearly 50% annually over the next five years, but this growth is not enough to offset the downward pressure from the global tech downturn [2] - Major cloud service providers like Microsoft, Amazon, and Google are focusing on building their own AI infrastructure, facing challenges due to the high costs associated with upgrading every component in AI servers [2] Market Projections - TrendForce forecasts a 6% decline in global server shipments this year, with a moderate recovery of 2% to 3% growth expected in 2024 [5] - Companies like Meta and Microsoft are reducing server procurement to invest in AI hardware, with Meta cutting over 10% of its server purchases [5] - Analysts highlight that supply chain bottlenecks, including shortages in advanced packaging and high-bandwidth memory, are limiting the production of AI hardware products [5] Beneficiaries of AI Demand - Foxconn is positioned to benefit from the shift towards AI servers, as it provides a full range of services from components to final assembly, and its subsidiary is the exclusive supplier of Nvidia GPU modules [6] - AI orders have accounted for 50% of revenue for WiWynn, a subsidiary of Foxconn's competitor Wistron, more than doubling from the previous year [6] - PCB manufacturers are also expected to see significant growth, with the revenue share from AI servers projected to rise from less than 3% this year to 38%, as AI servers require seven times more PCBs than general servers [6]