- Increased Costs: Reciprocal tariffs of 32%-34% on imports from Taiwan and China are driving up production costs, notably for materials like aluminum and steel used in data center hardware.
-Revenue Decline Risk: China, a significant market (up to 20% of NVIDIA's sales), faces retaliatory tariffs and potential export restrictions on key AI chips like the H20. This poses a serious risk to NVIDIA's market share.
-Supply Chain Vulnerability: Tariffs on Taiwan threaten NVIDIA's reliance on TSMC, potentially disrupting its ability to meet global demand.
These are real challenges. However, here's why I remain bullish on NVIDIA in the medium term:
-AI Dominance: NVIDIA's leadership in AI chips is undeniable. The demand for AI solutions is only accelerating, and NVIDIA is positioned to capitalize on this growth.
-Diversification Efforts: NVIDIA is actively diversifying its supply chain and exploring alternative manufacturing options to mitigate tariff risks. This strategic adaptation will strengthen its long-term resilience.
-Data Center Growth: the growth of data centers is not slowing down. The need for the chips that NVIDIA produces is increasing.
Despite the current headwinds, I believe NVIDIA's long-term growth potential outweighs the short-term tariff pressures. For those with a medium-term outlook, now might be an opportune time to consider adding NVIDIA to your portfolio.
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此外，英伟达正在积极努力实现供应链多元化并建立战略合作伙伴关系。他们正在探索替代供应商并与行业合作伙伴合作。
最后，人工智能市场的长期增长潜力仍然巨大。英伟达在这一领域的领导者地位，加上政府和行业的支持，为继续取得成功奠定了坚实的基础。英伟达的基本优势和适应性策略保证了看涨的前景。