This is more a tit-for-tat with Trump tariffs and trade embargoes. I don’t think the Chinese state leadership cares about going heads up with NVIDIA in the public market, even if they’re hosting the inferior brand (for now). They’ve been operating as a second-best option in manufacturing and tech for decades as they built up their capacity.
But this kind of power move is a kick in the teeth to some of Trump’s wealthiest supporters. It gives Chinese diplomats enormous leverage as they go into another round of trade negotiations with a country whose economy increasingly revolves around making and selling chipsets.
Edit: Incidentally, NVIDIA has $165B/year in revenue and a $4.5T market cap. Just think about that for a minute.
This is more a tit-for-tat with Trump tariffs and trade embargoes. I don’t think the Chinese state leadership cares about going heads up with NVIDIA in the public market, even if they’re hosting the inferior brand (for now). They’ve been operating as a second-best option in manufacturing and tech for decades as they built up their capacity.
But this kind of power move is a kick in the teeth to some of Trump’s wealthiest supporters. It gives Chinese diplomats enormous leverage as they go into another round of trade negotiations with a country whose economy increasingly revolves around making and selling chipsets.
Edit: Incidentally, NVIDIA has $165B/year in revenue and a $4.5T market cap. Just think about that for a minute.