He was accused of taking more than just fellow employees. In 2005, a court sentenced him to 17 months in prison for stealing trade secrets from ZTE in order to grow his own company.Zhang boasts a scrappy entrepreneur story that matches the boy-wonder tales of Bill Gates and Steve Jobs. Born in the regional city of Meizhou to a farming family, he worked for local mobile phone manufacturers at the dawn of China’s entry into the World Trade Organisation, including national champion ZTE, before leaving to set u ...

Core Viewpoint - Nvidia's stock experienced a decline of 2.78% following reports of a ban imposed by China on its chips, reflecting the ongoing tensions in the tech sector between the U.S. and China [1][3]. Group 1: Stock Performance - Nvidia shares are currently trading at $170.51, approximately 7.5% below their 52-week high, with a total float of 23.3 billion shares and a short interest of only 0.84%, indicating limited potential for a short squeeze [1]. - The stock's average true range (ATR) is 4.65, while the relative volume (RVOL) is at 0.53, suggesting that selling momentum has not significantly increased despite the recent price drop [2]. Group 2: Company Relations and Market Impact - CEO Jensen Huang expressed disappointment over the ban, stating that Nvidia has contributed significantly to the Chinese market over the past 30 years, but acknowledged the larger geopolitical issues at play between China and the U.S. [3]. - Nvidia has excluded China from its financial forecasts due to uncertainties related to ongoing U.S.-China tech negotiations [3]. - The U.S. government has already restricted Nvidia's AI chip exports, including the H20 server chip, citing national security concerns, with a new export license potentially costing Nvidia a 15% share in H20 sales in China [4]. Group 3: Regulatory Challenges - China's State Administration for Market Regulation (SAMR) has initiated an antitrust investigation into Nvidia's $6.9 billion acquisition of Mellanox, and there are reports of pressure on Nvidia to halt production over security concerns, which the CEO has denied [5]. - Nvidia recently announced a £11 billion ($15 billion) investment in British AI infrastructure, indicating a strategic move to strengthen its position in Europe amid the challenges in China [5].