《大行》花旗:H20晶片恢復供應有利萬國數據(09698.HK)收入及EBITDA增長
花旗發表研究報告指,據報英偉達(NVDA.US)將恢復向中國銷售H20晶片,並推出符合中國市場監管要求的新型號,預期將利好中國數據中心行業發展,若英偉達能成功向中國雲服務供應商銷售積壓的H20庫存,將為世紀互聯(VNET.US)及萬國數據-SW(09698.HK)(GDS.US)的訂單、收入及EBITDA增長帶來上行空間。
據悉,降級版RTX6000D晶片2025年出貨量或介乎100萬至200萬枚,花旗預期今年出貨量未必太明顯,相信世紀互聯及萬國數據將受惠於潛在的H20及RTX6000D銷售,一旦H20許可及RTX6000D出貨落實,整個國內AI板塊估值有望獲重估,維持對世紀互聯及萬國數據的「買入」評級,美股目標價分別為20美元及51.2美元。
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