Nvidia(US:NVDA) Xin Lang Cai Jing·2025-10-09 06:23Group 1 - The core viewpoint is that the U.S. must win the AI competition against China to ensure that AI technology is built upon an "American system" similar to the dollar system [1] - Huang Renxun emphasizes the need for U.S. companies to access advanced NVIDIA technology and chips to succeed in AI [1] - The "American technology system" includes products from major U.S. tech companies like Microsoft, Amazon, and Apple, aiming for global adoption [1] Group 2 - Huang Renxun warns that tightening export restrictions on China could harm U.S. companies in the long run, despite potentially hurting Chinese firms [1] - NVIDIA's performance forecasts do not include revenue from the Chinese market, indicating that any future gains from China would be additional benefits [1] - The rapid development of AI technology has significantly boosted NVIDIA's GPU business, despite strict U.S. export controls aimed at curbing China's chip development [1] Group 3 - Chinese companies are actively working to develop domestic AI chips to replace NVIDIA's market dominance, with Huawei announcing a roadmap for its Ascend AI chips [2] - Demand for NVIDIA's specially tailored AI chips for China, such as the RTX 6000D, has declined as major Chinese tech clients refuse to place orders [2] - The U.S. government's broad application of national security concerns and export controls is disrupting market order and global supply chain security [2]