{"id":2197,"date":"2025-08-28T11:18:41","date_gmt":"2025-08-28T11:18:41","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2197"},"modified":"2025-08-28T11:18:41","modified_gmt":"2025-08-28T11:18:41","slug":"nvidia-a-amd-hybou-americkym-trhem-miliardovymi-dohodami","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2025\/08\/28\/nvidia-a-amd-hybou-americkym-trhem-miliardovymi-dohodami\/","title":{"rendered":"Nvidia a AMD h\u00fdbou americk\u00fdm trhem miliardov\u00fdmi dohodami"},"content":{"rendered":"\n

Nvidia je americk\u00e1 technologick\u00e1 spole\u010dnost, zalo\u017een\u00e1 v roce 1993, kter\u00e1 je sv\u011btov\u00fdm l\u00eddrem ve v\u00fdrob\u011b grafick\u00fdch procesor\u016f pro hry, um\u011blou inteligenci (AI), datov\u00e1 centra a autonomn\u00ed syst\u00e9my. Ned\u00e1vno uzav\u0159ela dohodu, v r\u00e1mci kter\u00e9 odvede 15 % tr\u017eeb z prodeje \u010d\u00ednsk\u00fdch AI \u010dip\u016f vl\u00e1d\u011b USA v\u00fdm\u011bnou za exportn\u00ed licence.<\/strong><\/p>\n\n\n\n

Podpora ze strany vl\u00e1dy<\/strong><\/p>\n\n\n\n

Spojen\u00e9 st\u00e1ty americk\u00e9 a \u010c\u00edna pracuj\u00ed na tom, aby dos\u00e1hly dohody o sn\u00ed\u017een\u00ed obchodn\u00edho nap\u011bt\u00ed pot\u00e9, co americk\u00fd prezident Donald Trump uvalil p\u0159\u00edsn\u00e1 cla na des\u00edtky zem\u00ed. Hlava B\u00edl\u00e9ho domu v pond\u011bl\u00ed ve\u010der podepsala vz\u00e1jemn\u00e9 celn\u00ed p\u0159\u00edm\u011b\u0159\u00ed s \u010c\u00ednou na dal\u0161\u00edch 90 dn\u00ed, \u010d\u00edm\u017e odlo\u017eila zaveden\u00ed vy\u0161\u0161\u00edch cel mezi dv\u011bma nejv\u011bt\u0161\u00edmi ekonomick\u00fdmi velmocemi, uvedl port\u00e1l agentury TASR. Na jedn\u00e1n\u00ed o prodlou\u017een\u00ed p\u0159\u00edm\u011b\u0159\u00ed po 12. srpnu se dohodly minul\u00fd m\u011bs\u00edc. P\u0159edt\u00edm jejich kv\u011btnov\u00e1 dohoda do\u010dasn\u011b sn\u00ed\u017eila cla o 115 % z prohibitivn\u00edch 145 % v dubnu, v USA cla na v\u00fdrobky z \u010c\u00edny klesla na 30 % a cla Pekingu na americk\u00e9 zbo\u017e\u00ed se sn\u00ed\u017eila na 10 %, p\u0159i\u010dem\u017e podle Petersonova institutu pro mezin\u00e1rodn\u00ed ekonomiku \u010dinila tato cla v\u00edce ne\u017e 32,6 %, jak vy\u010d\u00edslil zpravodajsk\u00fd port\u00e1l americk\u00e9 obchodn\u00ed televizn\u00ed stanice CNBC. <\/p>\n\n\n\n

Kancel\u00e1\u0159 prezidenta Spojen\u00fdch st\u00e1t\u016f dodala, \u017ee Peking nad\u00e1le podnik\u00e1 v\u00fdznamn\u00e9 kroky k n\u00e1prav\u011b st\u00ed\u017enost\u00ed ze strany Washingtonu. Odborn\u00edci obecn\u011b o\u010dek\u00e1vaj\u00ed, \u017ee v n\u00e1sleduj\u00edc\u00edch m\u011bs\u00edc\u00edch se v Pekingu uskute\u010dn\u00ed summit mezi hlavou USA a \u010d\u00ednsk\u00fdm prezidentem Si \u0164in-pchingem. Expert na politick\u00e1 rizika Ian Bremmer v\u0161ak poznamenal, \u017ee ob\u011b strany \u201estruktur\u00e1ln\u011b sm\u011b\u0159uj\u00ed sp\u00ed\u0161e k odd\u011blen\u00ed v d\u016fsledku nov\u00e9ho glob\u00e1ln\u00edho obchodn\u00edho a geopolitick\u00e9ho prost\u0159ed\u00ed.\u201c <\/sup><\/p>\n\n\n\n

Ofici\u00e1ln\u00ed prodlou\u017een\u00ed cel bylo je\u0161t\u011b den p\u0159ed prodlou\u017een\u00edm na v\u00e1\u017ek\u00e1ch. Americk\u00fd prezident Donald Trump toti\u017e do t\u00e9 doby nazna\u010dil jen m\u00e1lo o tom, zda bude usilovat o prodlou\u017een\u00ed, co\u017e vyvol\u00e1valo obavy, \u017ee obchodn\u00ed nap\u011bt\u00ed mezi Pekingem a Washingtonem by mohlo op\u011bt vzr\u016fst. Obchodn\u00ed dohoda m\u016f\u017ee zahrnovat z\u00e1vazek \u010c\u00edny zv\u00fd\u0161it n\u00e1kupy americk\u00fdch produkt\u016f, zejm\u00e9na energi\u00ed, zem\u011bd\u011blsk\u00fdch produkt\u016f a potenci\u00e1ln\u011b tak\u00e9 polovodi\u010d\u016f a za\u0159\u00edzen\u00ed na v\u00fdrobu \u010dip\u016f. <\/sup><\/p>\n\n\n\n

Kontrola v\u00fdvozu za\u0159\u00edzen\u00ed na v\u00fdrobu \u010dip\u016f<\/strong><\/p>\n\n\n\n

V uplynul\u00fdch t\u00fddnech se vyost\u0159ilo nap\u011bt\u00ed mezi USA a \u010c\u00ednou v souvislosti s kontrolami v\u00fdvozu polovodi\u010d\u016f, a to navzdory pl\u00e1n\u016fm americk\u00e9ho v\u00fdrobce a v\u00fdvoj\u00e1\u0159e grafick\u00fdch procesor\u016f a \u010dipov\u00fdch sad pro z\u00e1kladn\u00ed desky Nvidia obnovit prodej sv\u00e9ho \u010dipu H20 do \u010c\u00edny, co\u017e zp\u016fsob\u00ed kontrolu v\u00fdvozu tohoto typu komponent\u016f, kterou v dubnu zavedl americk\u00fd prezident Donald Trump. \u0158editel politick\u00e9 poradensk\u00e9 spole\u010dnosti Teneo uvedl, \u017ee obnoven\u00ed prodeje uveden\u00e9ho typu \u010dip\u016f signalizuje sp\u00ed\u0161e m\u00edrnou korekci ne\u017e strategickou zm\u011bnu. Dodal, \u017ee k podstatn\u00e9mu uvoln\u011bn\u00ed v\u00fdvozn\u00edch kontrol nedojde. Trump v\u0161ak m\u016f\u017ee zv\u00e1\u017eit \u00fastupky v oblasti v\u00fdvozn\u00edch kontrol, kter\u00e9 ostatn\u00ed \u010dlenov\u00e9 jeho administrativy pova\u017euj\u00ed za nadm\u011brn\u00e9, aby dos\u00e1hl dohody s Pekingem, dodal Wildau. <\/p>\n\n\n\n

Obnoven\u00ed prodeje H20 p\u0159ich\u00e1z\u00ed v dob\u011b, kdy jest\u0159\u00e1bi n\u00e1rodn\u00ed bezpe\u010dnosti v Trumpov\u011b administrativ\u011b varuj\u00ed, \u017ee americk\u00e9 \u010dipy a dal\u0161\u00ed technologie by mohly pos\u00edlit \u010d\u00ednsk\u00fd sektor um\u011bl\u00e9 inteligence a jeho arm\u00e1du. Jin\u00ed argumentuj\u00ed, \u017ee dal\u0161\u00ed omezen\u00ed mohou m\u00edt opa\u010dn\u00fd \u00fa\u010dinek a mohou podn\u00edtit Peking k urychlen\u00ed \u00fasil\u00ed o v\u00fdvoj vlastn\u00edch \u010dip\u016f a sn\u00ed\u017een\u00ed z\u00e1vislosti na americk\u00fdch dodavatel\u00edch. \u010c\u00edn\u0161t\u00ed p\u0159edstavitel\u00e9 nal\u00e9haj\u00ed na Spojen\u00e9 st\u00e1ty, aby zm\u00edrnily kontroly v\u00fdvozu \u010dip\u016f s vysokov\u00fdkonnou pam\u011bt\u00ed, jejich\u017e dod\u00e1vky do \u010c\u00edny loni zak\u00e1zal p\u0159edchoz\u00ed americk\u00fd prezident Joe Biden, informovala CNBC na z\u00e1klad\u011b Financial Times. Dodal, \u017ee polovodi\u010dov\u00e9 giganty Nvidia a americk\u00e1 spole\u010dnost Advanced Micro Devices, zn\u00e1m\u00e1 tak\u00e9 pod zkratkou AMD, souhlasily, \u017ee poskytnou americk\u00e9 vl\u00e1d\u011b 15 % sv\u00fdch p\u0159\u00edjm\u016f z prodeje \u010dip\u016f do \u010c\u00edny, aby si zajistily v\u00fdvozn\u00ed licence.<\/p>\n\n\n\n

V\u00fdhled spole\u010dnosti<\/strong><\/p>\n\n\n\n

Analytici z Morgan Stanley, Loop Capital a Citi p\u0159edpokl\u00e1daj\u00ed vy\u0161\u0161\u00ed hodnocen\u00ed v budoucnosti, kter\u00e9 podpo\u0159\u00ed neohro\u017eenou dominanci spole\u010dnosti Nvidia v revoluci um\u011bl\u00e9 inteligence, uvedl port\u00e1l Investors. Tak\u00e9 spole\u010dnost Mizuho zv\u00fd\u0161ila svou c\u00edlovou cenu pro Nvidii na 185. Analytik spole\u010dnosti Mizuho Securities v oblasti polovodi\u010d\u016f Vijay Rakesh o\u010dek\u00e1v\u00e1 v leto\u0161n\u00edm roce 5,3 milionu dod\u00e1vek akceler\u00e1tor\u016f um\u011bl\u00e9 inteligence a \u0161est milion\u016f dod\u00e1vek v roce 2026. Uvedl v\u0161ak tak\u00e9, \u017ee nov\u00e1 generace server\u016f Rubin od spole\u010dnosti Nvidia, kter\u00e1 je podle jej\u00edch tvrzen\u00ed 3,3kr\u00e1t rychlej\u0161\u00ed ne\u017e Blackwell Ultra, by mohla p\u0159in\u00e9st je\u0161t\u011b vy\u0161\u0161\u00ed tr\u017eby, zejm\u00e9na pokud Nvidia p\u0159ejde na technologie vzduchov\u00e9ho chlazen\u00ed. Analytik dodal, \u017ee takov\u00e1 zm\u011bna by j\u00ed pomohla obs\u00e1hnout v\u011bt\u0161\u00ed \u010d\u00e1st trhu datov\u00fdch center. Rubin je v sou\u010dasn\u00e9 dob\u011b navr\u017een pro kapalinov\u00e9 chlazen\u00ed. Rakesh m\u00e1 pro akcie firmy rating outperform.<\/p>\n\n\n\n

Adam Austera, analytik <\/strong>Ozios<\/strong><\/a><\/p>\n\n\n\n

Foto: AdobeStock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Nvidia je americk\u00e1 technologick\u00e1 spole\u010dnost, zalo\u017een\u00e1 v roce 1993, kter\u00e1 je sv\u011btov\u00fdm l\u00eddrem ve v\u00fdrob\u011b grafick\u00fdch procesor\u016f pro hry, um\u011blou<\/p>\n","protected":false},"author":1,"featured_media":2198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout"},"categories":[58],"tags":[399,190,355,267,93],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2197"}],"collection":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/comments?post=2197"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2197\/revisions"}],"predecessor-version":[{"id":2199,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2197\/revisions\/2199"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2198"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}