In‐depth comprehension and improvement of the sluggish hydrogen evolution kinetics in alkaline media is highly important to enhance the activity and durability of anion exchange membrane water electrolysis (AEMWE) for green hydrogen production. Herein, a hydrogen atom‐terminated core–shell PdH@Ru nanobamboos (NBs) is developed by the synergetic strategy of epitaxial growth and in situ DMF hydrogenation. The synthesized PdH@Ru NBs demonstrate exceptional activity for hydrogen evolution reaction (HER) in alkaline media, requiring only a 14 mV overpotential at the 10 mA cm−2, surpassing those of commercial Pt/C (35 mV) and H‐free Pd@Ru NBs (37 mV). Furthermore, an AEMWE device using PdH@Ru NBs as the cathode also achieves the current density of 1000 mA cm−2 at ≈1.80 V in 1.0 m KOH at 60 °C, with continuous operation for 50 h. The operando spectroscopic analysis and density functional theory calculations suggest that hydrogen insertion into the Pd@Ru NBs induces tensile strain on the Ru surface layer, altering the Pd/Ru electronic structure and weakening H adsorption, thereby enhancing the HER efficiency. The bamboo‐like hollow structure features numerous active sites, which contribute to the optimization of electron/mass diffusion in the alkaline electrolyte. This work provides a potential high‐efficiency cathodic electrocatalyst for industrial hydrogen production.