Nvidia (NVDA.US) announced that it has received assurances from the US government for the license to sell H20 GPUs to Chinese customers, and simultaneously launched the RTX pro version for the China market, JPMorgan released a research report saying. This has a slightly positive impact on global AI hardware demand and further tightens the GPU supply situation.
In China, this should mainly benefit AI data center hosting companies such as GDS-SW (09698.HK)(GDS.US), VNET Group (VNET.US) and SINNET(300383.SZ), meanwhile negatively impacting market sentiment for leading local semiconductor supply chain firms like SMIC (00981.HK).
Among hardware suppliers, Amkor Technology (AMKR.US), SK Hynix (000660.KS), HUAQIN TECHNOLOGY(603296.SH) and Inventec have significant exposure to Nvidia's H20, the report added. Overall, this may prompt an upward revision of TSMC (TSM.US)'s 2Q25 CoWoS estimations, which were previously lowered in mid-April following H20 restrictions.
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AASTOCKS Financial News
Website: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| SMIC (C) |
15670 |
58.93 (-) |
0.072 |
4.4 X |
| SMIC (C) |
13779 |
56.8 (-) |
0.035 |
6.7 X |
| SMIC (C) |
13298 |
52 (-) |
0.101 |
4.1 X |
| SMIC (P) |
14215 |
42.13 (-) |
0.103 |
3.0 X |
| SMIC (P) |
13196 |
33 (-) |
0.077 |
2.2 X |
| SMIC (Bull) |
56657 |
42.2 (42.8) |
0.035 |
13.0 X |
| SMIC (Bull) |
56002 |
40.2 (40.8) |
0.059 |
7.7 X |
| SMIC (Bear) |
61487 |
52.6 (52) |
0.064 |
7.1 X |
| SMIC (Bear) |
61769 |
50.1 (49.5) |
0.040 |
11.3 X |
| LENOV (C) |
15911 |
11.62 (-) |
0.118 |
3.8 X |
| LENOV (C) |
16023 |
10.02 (-) |
0.069 |
7.1 X |
| Nvidia (C) |
10721 |
175 (-) |
0.360 |
4.1 X |
| Nvidia (P) |
10714 |
125 (-) |
0.116 |
3.7 X |
