China Revenue Uncertainty - The company initially excluded China-related revenue from its data center forecasts due to uncertainty [1] - Potential China revenue could reach up to $5 billion, significantly impacting the company's quarterly performance if realized [2] - Geopolitical variables, including Beijing and Washington's policies, create uncertainty regarding future licenses and revenue from China [6] - The company is taking a conservative approach to projecting China revenue due to these uncertainties [7] Government Stake & Compliance - The CFO addressed concerns about a potential 15% government stake in future H20 sales in China [3] - The CFO emphasized the company's fiduciary duty to comply with existing regulations, stating that there's no current mechanism to allocate 15% of China-related revenue to the government [4] - The CFO reassured investors that the company is operating according to existing rules [5] Licensing & Geopolitical Factors - The company currently holds a few licenses for Chinese customers [6] - The granting of additional licenses and the realization of the $2 billion to $5 billion revenue potential depend on geopolitical factors [5][6] - Changes in geopolitical dynamics, influenced by events like social media posts, can rapidly alter the situation [6]