【文/观察者网 齐倩】 美国芯片巨头英伟达想重回中国市场，为此竭力游说特朗普政府。现在，终于出现了一点好苗头。 11月21日，路透社援引消息称，特朗普政府正在考虑批准英伟达H200人工智能（AI）芯片对中国的销 售。英伟达一直被禁止对华出口用于AI应用的高端GPU，包括A100、H100和H200。 报道指出，这一决定得益于中美双边关系缓和，这为美国先进技术对华出口提供前景。消息人士告诉路 透社，美国商务部正在审查是否更改此类政策，但该计划可能发生变化。 彭博社也报道了一消息。据知情人士透露，美国官员正就此议题展开初步讨论。他们称，美国政府尚未 做出最终决定，且这一想法完全可能仅停留在内部讨论阶段，最终不会获得实际的许可证批准。 英伟达H200芯片 英伟达官网 知情人士还称，最近几周，美国政府官员一直在私下讨论美国可以对华出售哪些芯片。 他们告诉彭博社，一些人认为，与英伟达Blackwell先进芯片相比，向中国出售H200处理器是一种妥协 方案；还有一些人支持向中国提供更先进的处理器，例如Blackwell和Hopper。此外，也有许多人根本 不希望看到任何英伟达芯片流入中国市场。 英伟达CEO黄仁勋展示芯片 ...

特朗普团队内部探讨过向中国出售 NVIDIA H200 芯片的想法。zerohedge (@zerohedge):TRUMP TEAM INTERNALLY FLOATS SELLING NVIDIA H200 CHIPS TO CHINA ...

Market Overview - The Nasdaq Composite Index fell 2.2%, while the S&P 500 and Dow Jones Industrial Average decreased by 1.6% and 0.8%, respectively, due to weak global markets and concerns over AI stock valuations [1][6] - India's equity indices declined by 0.5%, with the NSE Nifty closing at 26,068 and the BSE Sensex at 85,231, despite gains of 0.6% and 0.8% for the week [6][7] Economic Indicators - The US jobs report indicated a lower probability of an interest rate cut, contributing to negative market sentiment [1][6] - India's Volatility Index increased by 12.3% to 13.62, reflecting heightened risk perception among traders [3][6] Sector Performance - The Nifty Metal index dropped by 2.3%, while the Nifty Realty and Nifty PSU Bank indices fell by 1.9% and 1.4%, respectively [4][6] - The Bank Nifty decreased by 0.8%, and the Nifty Financial Services index fell by 1.1% [4][6] Profit Booking and Market Sentiment - Profit booking occurred after a positive trend in the previous weeks, exacerbated by the rupee hitting all-time lows [4][6] - Analysts are awaiting clarity on the US-India trade deal, which is seen as a significant hurdle for market movement [4][5][6] Future Outlook - If there is a delay in the US-India trade deal, a profit booking of 2-3% is anticipated, potentially bringing Nifty down to 25,500 levels [5][6] - Despite current declines, the Nifty is expected to reach new highs if it sustains above 26,000 [6][7] - The pessimism regarding the US-India trade deal is already factored into prices, suggesting a potential for positive surprises [5][7] Trading Activity - Foreign portfolio investors sold shares worth ₹1,766 crore, while domestic investors purchased shares worth ₹3,161 crore [7]

Authored by Frank Fang via The Epoch Times (emphasis ours),Two Chinese nationals and two U.S. citizens have been charged with a scheme to illegally export advanced Nvidia chips to China in violation of U.S. export controls, the Department of Justice said on Nov. 20.In a file photograph, the logo of Nvidia Corporation during the annual Computex computer exhibition in Taipei, Taiwan, on May 30, 2017. Tyrone Siu/ReutersLi Cham, 38, a California resident, and Chen Jing, 45, who resides in Florida on an F-1 noni ...

作者丨雷晨 编辑丨朱益民 全球AI风向标英伟达的最新业绩，再次在全球资本市场投下了一颗"深水炸弹"。其营收与指引依旧亮 眼，财报发布当日股价一度涨超5%，但却收跌3.15%。美东时间周五，英伟达跌0.97%，该股11月以来 已累计跌近12%。 剧烈波动的背后，是外界对其未来增长可持续性的微妙预期，叠加近期外部环境不稳定不确定因素较 多。 随着美股科技板块承压下行，其冲击波也迅速传导至A股市场。 东方财富数据显示，11月21日，算力概念板块较上一日下跌3.38%，资金净流出141.2亿元，光模块"三 剑客"新易盛、天孚通信、中际旭创分别收跌8.46%、7.34%、5.69%。 此外，AI芯片板块收跌4.33%，净流出16.85亿元，寒武纪跌5.54%。 基金持仓方面，截至今年第三季度末，电子、通信板块（含算力相关标的）超配比例已达历史高位，筹 码结构相对复杂。有分析指出，接近年末，部分机构存在回笼资金需求，导致短期获利盘了结压力加 大。 业内专业人士人认为，市场正对算力板块估值与基本面匹配度重新审视。而从长远来看，当前市场的波 动更像是产业浪潮中的一次理性回调。 全球AI算力竞赛的长期逻辑并未改变，微软、谷歌、 ...

(0:00) Bestie intros LIVE from The Venetian Las Vegas (1:13) Epstein Files breakdown (10:06) Biggest Epstein questions: where did his money come from? (14:44) Tether's booming business (23:50) Michael Burry vs. Friedberg, Nvidia's blowout quarter and risks for 2026 (35:25) Google's Gemini 3 and TPU breakthrough (42:51) Investing your own money vs. LP capital, why Friedberg returned as a CEO (48:57) Alan Keating joins the show to talk poker strategy, thriving in chaos, risk psychology Special thanks to The V ...

转自：EarlETF 周五，A 股很惨。万得全 A 下跌 3.17%，万得全 A 等权重指数下跌 3.74%。 连有银行股苦苦支撑的上证指数，都下跌 2.45%，报收 3834.89 点，失守了 3900 点。 从图形来看，万得全 A 是跌破布林线下轨，很难看的走法。 甚至背后的内涵，也有点像。 是的，周五的下跌，不是 A 股的孤立事件，而是一次全球共振。 拉开下跌序幕的，隔夜的美股。纳斯达克 100 从高开 2%+，到收盘跌 2%+，这种高开低走的走势，在 美股是极少见的，无怪乎被称为 "A 股" 化了。 美股为什么走成这个鬼样子？ 让 Gemini 的 Deepresearch 做了一个综述分析。挺有意思。 当日，英伟达发布了一个超分析师预期的财报，本该利好，但英伟达最终以下跌 3.15% 报收。Gemini 3.0 Pro 有一个评价很有趣： 这意味着，市场并非在交易 "共识预期"（Consensus Estimates），而是在交易 "耳语数 字"（Whisper Numbers）—— 即买方机构和对冲基金内部流传的、远高于卖方分析师模型的 非正式预期。当股价在财报前已经累计上涨超过 30% 且市值逼 ...

近日，据 彭博社报道，白宫官员正敦促美国国会议员否决一项将限制英伟达向中国及其他 " 对手国家 " 销售 AI 芯片的议案，从而削弱了该法案的前景。 该议案名为 "GAIN AI Act" ，要求芯片制造商在出口受控的 AI 芯片前，必须确保美国买家享有 优先购买权，这一 " 美国优先 " 框架被认为是为了迎合特朗普政府。 然而，这一机制实际上将阻止英伟达和 AMD 向中国销售其最高性能产品，使得该法案成为美国 国会两党对特朗普态度的一次 " 反向施压 " 。 推动 SAFE Act 的民主党参议员 Chris Coons 以及共同支持者参议员 Pete Ricketts 的办公室则确认 该案 " 正在讨论 " 。英伟达与 AMD 的发言人同样尚未回复。 自 2022 年起，美国首次对英伟达向中国的芯片销售实施限制，理由是先进 AI 可能提升中国的军 事能力。此后限制措施多次升级，包括特朗普政府在今年 4 月禁止英伟达向中国出口专门为满足 前一版美国标准而设计的 H20 芯片。 除中国外，美国还要求企业对向约 40 个国家出口先进 AI 芯片进行逐案许可审查，原因是担心这 些芯片可能最终流向中国。 特朗普团队 ...

以下文章来源于傅里叶的猫 ，作者猫叔 The Cash Flow Signal（现金流信号） Nvidia自由现金流转换率仅75%，利润与真实现金流差距高达48 亿美元，远低于TSMC、AMD等健康半导体公司95%以上的水平。作者强调，这是循环融资模式下"账 面利润漂亮、现金却进不来"的铁证。 The Circular Financing Structure（循环融资结构） 文章核心部分，用详细流程图展示资金如何在 Nvidia—Microsoft—OpenAI—xAI—Oracle—CoreWeave之间来回倒手：Nvidia投资→客户下单→客户再 用信用/投资买芯片→同一笔钱被多次计为收入。CoreWeave单家就欠Nvidia 59亿美元（占总应收 18%），形成闭环虚假繁荣。 曾任芯片EDA大厂资深工程师，聊技术、聊产业、聊投资 就在今天，X上有一篇关于AI旁氏骗局的长文爆火，整体调性非常耸动、末日预言式，属于典型的AI泡 沫破裂空头叙事，这个推文迅速爆火，目前已获2.1万赞、302万浏览。 大致内容如下（用Grok总结）： The Receivables Anomaly（应收账款异常） Nvidia ...

Group 1 - Xiaomi faced criticism regarding its diving watch, with a blogger claiming water ingress during use, and customer service suggesting it is not recommended for diving [4][5] - Xiaomi clarified that the reported issues were false, stating that the watch in question was not the diving-certified model and that they would take legal action against misinformation [4][5] - The company confirmed that the watch was repaired and returned to its diving functionality, while acknowledging that customer service communication could have been clearer [4] Group 2 - Midea Group denied reports of forcing service providers to stop handling Xiaomi and Gree products, emphasizing a commitment to user experience without exclusivity in service partnerships [5] - The company stated that service providers still have the option to work with multiple brands, ensuring competition and service quality [5] Group 3 - Xiaomi's revenue for the third quarter reached 58 billion yuan, marking a 23% year-on-year increase, with adjusted net profit growing by 12% [21] - Walmart reported a strong performance in China, with net sales of 61 billion yuan in the third quarter, reflecting a 21.8% year-on-year growth [22]