英伟达发布年报：删减特朗普不喜欢内容 警告错失中国机遇

Core Insights - Nvidia's latest annual report for fiscal year 2026 is more concise than the previous year's report, omitting topics that were not favored by former President Trump and focusing on the impact of export controls on the Chinese market [1] Group 1: Changes in Reporting - The 2026 annual report has removed sections on climate change and diversity, equity, and inclusion (DEI) that were present in the 2025 report, indicating a shift in focus [1] - The chapter on human capital has been significantly reduced, with previous sections on compensation, benefits, and DEI no longer included [1] - The mention of sustainability in the current report is limited to business sustainability and compliance with regulations, rather than broader commitments [1] Group 2: Focus on China - The report includes an increased focus on China, reiterating the U.S. government's chip export restrictions and stating that Nvidia cannot provide competitive products to the Chinese data center market [3] - Nvidia acknowledges that missed opportunities in China allow competitors to build a larger customer base globally, which could have a significant adverse impact on its business and financial performance [3] - The earnings outlook for the first quarter of fiscal year 2027 does not account for revenue from data center chip sales in China [3]