External broker reports(aggregated public sources), CMB International

CMB International

Incorporated in Hong Kong, supported by the mainland and targeting in global market, CMB International Capital Corporation Limited (“CMBI”) is an integrated financial institution providing comprehensive and professional services. As a wholly-owned subsidiary of China Merchants Bank ("CMB"), by leveraging on the Group’s synergy and coordination in domestic and overseas markets, as well as CMB’s strong resources and outstanding social reputation, CMBI and its subsidiaries have been actively implementing diversified business strategies and set up an overall layout of main business segments including Corporate Finance, Asset Management, Wealth Management, Global Markets and Structured Finance, etc. Adhering to the philosophy of “being clients oriented and increasing our own values by the way of creating value for clients”, CMBI endeavors to provide quality and integrated financial services to institutional, corporate and individual customers both domestic and overseas including Hong Kong IPO sponsorship and underwriting, share placement and rights issue for listed companies, financial advisors, bonds issuance services, asset management, direct investment, wealth management, equity sales and trading, etc.

External broker reports(aggregated public sources)

NVIDIA. Another Beat & Raise, Yet Shares Slide. But Why?

Nvidia Vs. Taiwan Short Basket: Hedge Working; CES 2024 Likely Positive for Nvidia Vs. Basket

Taiwan Tech Weekly: Stocks At Highs & Looking for Laggards? CES 2024 to Showcase Edge AI

Thematic (Sector/Industry)

China Utilities / Thematic (Sector/Industry)

<ul><li>On 9 Nov, several news outlets reported (link) Nvidia plans to launch a new series of customized AI GPUs on 16 Nov specifically for the Chinese market, following the recent US export restrictions on China (report) aimed at limiting China’s use of high-performance GPUs (A100/H100 &amp; 800 variants) in AI/ML sectors.</li><li>The new GPU series tailored for China includes the HGX H20, L20 PCle, and L2 PCle, featuring further reduced computing power to adhere to the latest restrictions.</li><li>Implication 1: Nvidia tries its best to maintain the lucrative China revenue.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

On 9 Nov, several news outlets reported (link) Nvidia plans to launch a new series of customized AI GPUs on 16 Nov specifically for the Chinese market, following the recent US export restrictions on China (report) aimed at limiting China’s use of high-performance GPUs (A100/H100 &amp; 800 variants) in AI/ML sectors.The new GPU series tailored for China includes the HGX H20, L20 PCle, and L2 PCle, featuring further reduced computing power to adhere to the latest restrictions.Implication 1: Nvidia tries its best to maintain the lucrative China revenue.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Technology (Hardware/Semi) - Thoughts on Nvidia’s Customized AI Chips for China