野村表示，英伟达(NVDA.US) 披露，已收到美国政府通知公司，需要获得许可才可向中国出口其H20人工智能(AI)芯片，该芯片最初是专为中国市场设计的。英伟达预计，与H20产品相关的库存、采购承诺和相关准备金将产生约55亿美元的费用，这些费用将计入截至2026财年首季的财报中。
该行认为上述事件或令金山云(KC.US) 的AI收入面临风险，不过公司的资本开支减轻。小米(01810.HK) 等金山云的主要客户对大型语言模型(LLM)训练和AI应用开发的需求十分旺盛。目前，这些需求主要依赖于英伟达的AI服务器来满足，因为英伟达拥有由NVLink技术和CUDA系统支持的大规模GPU集群的卓越训练效率。(vc/a)(港股报价延迟最少十五分钟。沽空资料截至 2025-04-16 16:25。) (美股为即时串流报价； OTC市场股票除外，资料延迟最少15分钟。)
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