根据英伟达15日提交给美国监管机关文件，美国政府已通知英伟达，其为大陆市场设计的降规版AI芯 片H20须先取得许可才能出口，而且这项规定"没有期限"。 英伟达警告，1月底至4月底的本年度第1季将提列55亿美元费用，这笔费用与H20系列的"库存、采购承 诺及相关准备"有关。 H20和MI308都是为了符合先前规定、为中国大陆市场打造的"降规版"。H20算力参数只有常规版H100 的14%左右，连网速度和频宽也较慢，但仍是英伟达在中国大陆销售的最先进产品。根据估计，2024年 H20芯片贡献英伟达约120亿至150亿美元营收。 台积电原本预期，今年AI加速器营收贡献将翻倍成长，法人以此估计，台积电2025年AI相关营收将至 少达8,600多亿元。随着英伟达、AMD降规版AI芯片销陆再度受限，法人聚焦今天台积电法说会是否调 整AI订单展望。 业界分析，美国收紧H20和MI308销陆管制，很可能与"DeepSeek事件"及超级电脑相关。大陆AI新创 DeepSeek今年初推出号称"CP值高"又具有竞争力的AI模型R1，震撼业界，其研究就采用H20芯片。路 透2月报导，由于DeepSeek带动对低成本AI模型的需求激增 ...

4月16日，美股周三低开。道琼斯工业指数跌0.35%至40225.82点，标普500指数跌1.01%至5342.16点， 纳斯达克指数跌1.89%至16499.69点。 具体来看，科技股普遍走低，美股科技七巨头均低开，英伟达重挫6.9%，微软跌1.4%，苹果跌1.8%， 亚马逊跌1.7%，谷歌跌2.1%，特斯拉跌2.5%，Meta跌2.5%。 除英伟达外，半导体板块也表现疲软，超威半导体（AMD）跌7.9%，应用材料跌5.3%，阿斯麦跌 5.3%，台积电跌5.1%。 本周美股财报季继续，高盛、强生、美国银行、花旗集团、黑石、阿斯麦、台积电、奈飞等知名公司将 陆续公布业绩。 | 英伟达 | 105.9750 | -5.55% | -6.2250 | | --- | --- | --- | --- | | US NVDA.O | 104.500 盘前 | -6.86% | -7.700 | | 特斯拉 | 248.3350 | -2.27% | -5.7750 | | US TSLA.O | 247.550 盘前 | -2.58% | -6.560 | | Meta | 510.3200 | -2.15% | - ...

Core Viewpoint - The U.S. government has imposed export controls on NVIDIA's H20 chip, which was specifically designed for the Chinese market, potentially impacting NVIDIA's supply to China and other markets [2][3] Group 1: Impact on Revenue - NVIDIA has reported that the export controls could affect over $10 billion in revenue, with a write-down of approximately $5.5 billion related to H20 GPU chips for export to China [4] - In the fiscal year ending January 2024, NVIDIA's revenue from China reached $17.108 billion, a 66% increase from $10.306 billion the previous year, making China its fourth-largest market [4] Group 2: Market Reactions - Following the announcement of export controls, NVIDIA's stock price fell over 6% to $105.36 per share, while competitors AMD and TSMC also saw declines of 7.07% and 1.96%, respectively [4] - The market had previously experienced fluctuations in sentiment regarding the H20 chip's export status, with speculation and optimism surrounding potential lobbying efforts by NVIDIA's CEO [5] Group 3: Supply Chain and Pricing Dynamics - The price of H20 servers surged from approximately 1 million yuan to nearly 1.4 million yuan due to increased orders from major Chinese tech firms amid fears of export restrictions [5] - Many vendors in Shenzhen have paused pricing for CPUs and GPUs, indicating a cautious market environment as stakeholders await further developments [5] Group 4: Long-term Risks and Domestic Alternatives - The geopolitical landscape poses a long-term risk for NVIDIA, as domestic Chinese companies are increasing their investments in local AI chip production, with ByteDance planning to purchase around 40 billion yuan worth of AI chips by 2025, significantly increasing its domestic supplier orders [6] - The U.S. export controls may accelerate the development of China's semiconductor industry, as local firms seek to innovate and fill the gaps left by foreign suppliers [7]

集体大跌。 全球最大芯片制造设备供应商阿斯麦(ASML)周三发布最新财报。公司业绩中规中矩。此外，公司高管 表示，关税增加了其2025年和2026年前景的不确定性。 在荷兰阿姆斯特丹泛欧交易所上市的阿斯麦在周三交易时段股价一度下跌超过7%，在周三美股交易时 段，截至发稿，公司股价下跌超过5%。 美股芯片股集体下挫，截至发稿，费城半导体指数跌近4%。个股方面，AMD、英伟达跌超5%，台积电 跌超3%。 光刻机巨头股价大跌 财报显示，阿斯麦今年一季度净销售额(Net sales)为77.42亿欧元，净收入(Net income)为23.55亿欧元， 毛利41.8亿欧元，毛利率为54%，每股盈利6欧元。 公司预计第二季度销售额为72亿至77亿欧元，而分析师预期为77.3亿欧元。 业务方面，新的光刻机销售数量为73台，二手光刻机为4台，在手订单为39.36亿欧元，低于研究机构 Visible Alpha调查的分析师普遍预期的48.9亿欧元。 股息方面，公司2024年全年股息为每股6.4欧元，相比2023年增长4.9%；股票回购方面，公司在今年一 季度回购了价值约27亿欧元的股票。 在荷兰阿姆斯特丹泛欧交易所上市的阿斯 ...

美股盘前热门中概股普跌，蔚来汽车(NIO.N)跌超5%，京东(JD.O)、小鹏汽车(XPEV.N)、理想汽车 (LI.O)跌超4%，阿里巴巴(BABA.N)、台积电(TSM.N)跌超3%。 ...

突然跳水！ 当地时间4月15日（周二），全球金融市场表现相对平稳，美股三大股指小幅收低，中概股小幅下跌。黄金和原油表现亦相对平稳。 不过，英伟达盘后大幅跳水，跌超6%。受此影响，美股期指周三亚太盘初走低，截至发稿，标普500指数期货跌0.73%，道指期货跌0.40%，纳指期货跌 1.11%。 当地时间4月15日（周二），美国三大股指小幅收跌，总体表现平稳，其中道指跌0.38%，报40368.96点，标普500指数跌0.17%，报5396.63点，纳指跌 0.05%，报16823.17点。 | | | 美洲市场(AM) | | | --- | --- | --- | --- | | 名称 | 现价 | 涨跌 | 涨跌幅 | | 道琼斯工业指数 | 40368.96 | -155.83 | -0.38% | | 纳斯达克指数 | 16823.17 c | -8.31 | -0.05% | | 标普500 | 5396.63 | -9.34 | -0.17% | 大型科技股多数下跌，其中Meta、谷歌、亚马逊跌逾1%，微软和苹果跌幅均不足1%。其他大型科技股中，英伟达涨逾1%，特斯拉涨近1%。 值得注意的是，英伟达 ...

Core Viewpoint - Nvidia's stock has dropped significantly, losing 6.52% in after-hours trading, resulting in a market value loss of approximately $178.4 billion (about 1305.1 billion RMB) due to concerns over U.S. government export restrictions on its H20 graphics processors [1]. Group 1: Financial Performance - Nvidia reported a quarterly revenue of $5.5 billion related to H20 graphics processor exports [1]. - For the fiscal year 2025, Nvidia's revenue reached $130.5 billion, marking a 114% year-over-year increase [8]. - The fourth quarter revenue was $39.3 billion, reflecting a 78% year-over-year growth, with net profit at $22.09 billion, up 80% [9]. Group 2: Market Impact - The U.S. government has indicated that Nvidia will need licenses to export chips to certain countries and regions, which may slow overall growth [1]. - Following Nvidia's stock decline, other tech stocks also experienced significant drops, including AMD, Broadcom, and Micron Technology, with declines ranging from 1.4% to over 7% [3][4]. - Futures for major indices such as the S&P 500 and Nasdaq also fell, with declines of up to 1.3% in early trading [5]. Group 3: Market Dynamics - Nvidia's data center market contribution from China remains low due to ongoing U.S. export controls, with expectations that this will continue [9]. - The competition in the local Chinese market is described as intense, contrasting with the higher revenue contributions from the U.S. data center market [9]. - Nvidia's CEO highlighted strong demand for their Blackwell architecture, driven by the increasing need for AI training and inference capabilities [9].

英伟达收涨1.35%，特斯拉涨0.7%，苹果则收跌0.19%，微软跌0.54%，亚马逊跌1.39%，谷歌A跌 1.74%，Meta Platforms跌1.87%。 此外，台积电ADR收涨0.96%，AMD涨0.84%，礼来涨0.38%，巴菲特旗下伯克希尔哈撒韦B类股则收跌 0.25%。 | | 当前价 # | 涨跌幅 ◆ 成交量 ÷ | 总市值 $ 年初至今 # | 0 | | --- | --- | --- | --- | --- | | 英伟达 | 112.20 | +1.49 (+1.35%) 2.11亿股 | 2.74万亿 -16.44% | == | | us NVDA | 112.11 | -0.09 (-0.08%) 盘后 | | | | 台积电 | 157.33 | +1.49 (+0.96%) 1301.23万股 | 8159.99亿 -20.02% | = == | | MSL Sn | 157.45 | +0.12(+0.08%) 盘后 | | | | AMD | 95.29 | +0.79 (+0.84%) 2537.83万股 | 1540.17亿 -21.11% | □ … | | ...

英伟达(NVDA.O)：Blackwell芯片已在亚利桑那州凤凰城的台积电芯片工厂开始生产。 ...

Core Insights - Nvidia will manufacture its first domestic artificial intelligence supercomputer in the United States [1] - The company plans to collaborate with TSMC and Foxconn to produce infrastructure valued at up to $500 billion [1] Group 1 - Nvidia's initiative marks a significant step in domestic AI supercomputer production [1] - The partnership with TSMC and Foxconn highlights the strategic alliances being formed in the semiconductor industry [1] - The projected $500 billion infrastructure investment indicates a strong commitment to enhancing AI capabilities in the U.S. [1]