[Brokerage Focus] CMB International: The latest H20 ban from the USA will lead to fluctuations in the Server supply chain in the short term.
Jinwu Financial News | Zhiyin International indicates that NVIDIA disclosed that the USA government notified on April 9 that exports of H20 chips to China and other D5 group countries require a license, with the new requirement to be implemented "indefinitely." Since 1Q25, driven by DeepSeek, China's CSP continues to increase H20 Server Orders, with $16 billion worth of H20 chips ordered in 1Q25, corresponding to 1.3 million H20 chips and 0.16 million AI servers. The bank estimates NVIDIA's $5.5 billion inventory impairment provision corresponds to 1.1 million H20 chips and 0.138 million AI server shipments, while in 2.
Why is it said that Lenovo is a stock that was wrongfully killed? Southern funds are coming in to buy the dip!
Despite the Hang Seng TECH Index having retreated over 20% from its peak on March 7, contrarian buying funds are accelerating their low-buying activities. The irrational decline caused by risk aversion has led to an excessive reaction in certain quality Hong Kong stocks, which have been mispriced due to market sentiment, creating a good opportunity for low-buying. In this regard, BOCOM INTL strategy Analyst Li Shaojin believes that the 'reciprocal tariff' policy will likely maintain high volatility for some time, but the Hong Kong stock market has structural support. From a structural perspective, most sectors in the Hong Kong stock market are demand-driven, and the technological upgrades and advancements in Industries such as AI, autonomous driving, and Siasun Robot&Automation will continue to present structural themes in the future market.
LENOVO GROUP (00992) latest promotional video showcases AI face-swapping anti-fraud technology, recognizing within 5 seconds, with an accuracy rate exceeding 96%.
In response to the increasing threat of malicious applications such as AI face-swapping, LENOVO GROUP (00992) is about to launch a significant AI anti-fraud technology — the "Deepfake Deep Falsification Technology Detector".
As the market warms up, Chinese concept stocks are facing a dual choice, and the Hong Kong market may return to being the center of IPOs.
① In the changing landscape of Global trade, Hong Kong, as an international financial center, will welcome a new development scenario, implementing various measures to strengthen its unique market position as a "super connector"; ② Foreign Analysts point out that the delisting risk faced by Chinese concept stocks may lead Hong Kong to become an IPO center once again; ③ It is worth noting that, under the delisting risk for Chinese concept stocks, a choice will be made between returning to the A-share or Hong Kong stock market.
Lenovo (00992) Q1 growth rate in the U.S. market reached 20.7%, strongly seizing the commercial PC segment.
Today, the latest data released by the market research Institutions Gartner shows that in the first quarter of 2025, the Global PC market achieved growth for the sixth consecutive quarter, with a year-on-year increase in shipments of 4.8%.
The USA announced exemptions from imposing "reciprocal tariffs" on laptops, Smart Phones, Integrated Circuits, and more.
The USA Customs and Border Protection (CBP) published the latest announcement on the evening of the 11th, USA time, regarding the reciprocal tariff measures implemented under Executive Order No. 14257, providing a clear list of products excluded from applicability and customs operation guidelines. According to the Cargo System Message Service (CSMS #64724565) announcement, CBP clearly stated that any products correctly classified under the listed Harmonized Tariff Schedule of the USA (HTSUS) numbers and sub-numbers can apply for the reciprocal tariff exclusion measures. According to the content of the memo, these products will no longer be subject to tariffs under Executive Order No. 14257.
933199333 : I using this brand laptop. Better then hp which I own previously.