Everyone’s Rattled by the Rise of DeepSeek—Except Nvidia, Which Enabled It¶

每个人都对DeepSeek的兴起感到震惊 - 除了NVIDIA，这使它成为了它

Nvidia’s stock swooned and regulators are restricting its chip sales, but the American AI giant sees a long game in China¶

NVIDIA的股票震惊，监管机构正在限制其芯片销售，但美国AI巨头在中国看到了一场漫长的比赛

Nvidia CEO Jensen Huang showed a processor at the Consumer Electronics Show in Las Vegas last month.

Nvidia CEO Jensen Huang showed a processor at the Consumer Electronics Show in Las Vegas last month. Photo: allison dinner/Shutterstock
NVIDIA首席执行官Jensen Huang上个月在拉斯维加斯举行的《消费电子节目》上展示了一个处理器。照片：Allison晚餐/Shutterstock

By Raffaele Huang, Stu Wooand Asa Fitch

Feb. 2, 2025 9:00 pm ET
2025年2月2日，美国东部时间下午9:00

On President Trump’s inauguration day, Nvidia Chief Executive Jensen Huang wasn’t sitting by the president’s side at the Capitol like many tech moguls. He wasn’t invited, an Nvidia official said, so he had gone to Beijing.
在特朗普总统就职日，NVIDIA首席执行官詹森·黄（Jensen Huang）并没有像许多科技大亨那样坐在国会大厦的总统身边。 NVIDIA官员说，他没有被邀请，所以他去了北京。

At a gathering there, Huang told customers and employees of his strong commitment to the Chinese market, according to a recording. That meant Nvidia intended to keep selling chips for artificial intelligence in China, holding back their performance to comply with ever-tighter curbs imposed by Washington.
根据录音，在那里的一次聚会上，黄告诉客户和员工对中国市场的坚定承诺。这意味着NVIDIA打算继续在中国出售人工智能的筹码，阻止其表现遵守华盛顿施加的不断紧缩的路缘。

A week later, Nvidia’s stock price fell 17% in a single day, after Chinese company DeepSeek said it achieved a leap in its AI capabilities using less-advanced Nvidia chips. Some investors interpreted the advance as undercutting the market in the West for Nvidia’s top-of-the-line products.
一周后，NVIDIA的股价在一天内下跌了17％，此前中国公司DeepSeek表示使用较低的NVIDIA芯片实现了AI功能的飞跃。一些投资者将这一进步解释为削弱了西部的NVIDIA顶级产品的市场。

Yet Nvidia knew that risk came with what it was doing in China, the country identified by both political parties in Washington as America’s biggest global rival.
然而，恩维迪亚（Nvidia）知道，风险是在中国所做的，该国在华盛顿的两个政党中都确定为美国最大的全球竞争对手。

The Silicon Valley company argues that selling to Chinese customers helps it bring in revenue to keep its global lead in AI. Better to have those customers paying Nvidia billions of dollars and remaining hooked on its chips—plus the software surrounding them—than to send them searching for a Chinese alternative, company officials say.
这家硅谷公司认为，向中国客户销售有助于它带来收入，以保持其在AI中的全球领先优势。公司官员说，最好让那些客户支付NVIDIA数十亿美元，并留在其芯片上（此外还有周围的软件），而不是派他们寻找中国替代方案。

For the past three years, Nvidia, valued at around $3 trillion thanks to its dominance in AI chips, has battled to keep doing as much business as possible in China. Each time the U.S. increased restrictions on what it could sell, Nvidia rushed to design new chips that satisfied the rules but offered a competitive product—frustrating the national-security officials in Washington trying to regulate them.
在过去的三年中，由于其在AI芯片中的统治地位，NVIDIA的价值约为3万亿美元，他一直在努力继续在中国做尽可能多的业务。每次美国对可能出售的产品施加限制时，Nvidia都急于设计满足规则但提供竞争性产品的新筹码，这使华盛顿的国家安全官员试图调节它们。

Nvidia shares fell after DeepSeek said it had advanced AI capabilities.
Nvidia股票在DeepSeek表示具有提高AI功能后的功能之后下跌。

Nvidia described DeepSeek’s models as further evidence of how Nvidia chips can power advances in AI, and said companies moving the industry forward would continue to need truckloads of the most advanced chips. It said DeepSeek’s advances didn’t change its view of how its chips should be regulated.
NVIDIA将DeepSeek的模型描述为NVIDIA芯片如何在AI中推动进步的进一步证据，并表示将行业前进的公司将继续需要最先进的芯片的卡车。它说，DeepSeek的进步并没有改变其对应如何调节芯片的看法。

“We scrupulously adhere to all export restrictions,” Nvidia said, adding, “Our success opens doors for American industry globally.”
Nvidia说：“我们仔细遵守所有出口限制，我们的成功在全球为美国行业打开了大门。”

Huang, the Nvidia CEO, met Trump on Friday at the White House. People familiar with the discussion said the two, meeting for the first time, talked about AI policy. One person said the subject of DeepSeek came up and that Huang told the president that the public was overreacting.
NVIDIA首席执行官黄周五在白宫会见了特朗普。熟悉讨论的人们说，这两者是第一次开会，谈到了AI政策。一个人说，DeepSeek的主题出现了，黄告诉总统，公众反应过度。

¶

Long-term market 长期市场

Nvidia has urged the Trump administration to reverse restrictions put in place by the Biden administration, which further capped international sales of advanced AI chips just days before leaving office.
NVIDIA已敦促特朗普政府逆转拜登政府的限制，该政府在离开办公室前几天就进一步限制了国际高级AI芯片的销售。

“America wins through innovation, competition and by sharing our technologies with the world—not by retreating behind a wall of government overreach,” said Ned Finkle, Nvidia’s vice president of government affairs.
Nvidia政府事务副总裁Ned Finkle说：“美国通过创新，竞争并与世界分享我们的技术，而不是通过撤退政府越过的墙。”

The battle between Nvidia and its regulators gets to a fundamental question in Washington about the U.S. and China, the world’s two biggest economic powers. Is the ruling Chinese Communist Party such a threat that any substantial business ties should be dissolved? Or can the two nations continue trading in high-tech areas even as they compete for global influence?
NVIDIA及其监管机构之间的战斗在华盛顿谈到了美国和中国，这是世界上最大的经济大国。中国统治的共产党是否应造成任何实质性的业务联系？还是两个国家在高科技地区也能继续在高科技地区进行交易，即使他们争夺全球影响力？

“Our open society will always out-innovate the rigid surveillance state imposed by the CCP, but if we keep allowing the CCP to steal our ideas and technological breakthroughs, it won’t mean a damn thing in terms of staying ahead,” wrote Trump’s national security adviser, Michael Waltz, in a book published last year.
“我们开放的社会将永远超越CCP实施的严格监视状态，但是如果我们继续允许CCP窃取我们的想法和技术突破，这并不意味着一件该死的事情，”特朗普写道。”国家安全顾问迈克尔·沃尔兹（Michael Waltz）在去年出版的一本书中。

Trump’s pick for commerce secretary, Howard Lutnick, said at a confirmation hearing Wednesday that he doesn’t want American technology aiding innovation in China. “Nvidia’s chips,” he said in the hearing, “drive their DeepSeek model. It’s got to end.”
特朗普的商务部长霍华德·卢特尼克（Howard Lutnick）在周三的确认听证会上说，他不希望美国技术在中国提供帮助。他在听证会上说：“ Nvidia的筹码，驱动了他们的Deepseek模型。它必须结束。”

For Nvidia, the fight is less about sales in the short term. In the four quarters that ended in October, Nvidia had $113 billion in sales, with about 12% from China. Those China sales could easily be replaced elsewhere because of high demand.
对于Nvidia而言，这场斗争在短期内就不太重要。在10月结束的四个季度中，Nvidia的销售额为1,130亿美元，中国约有12％。由于需求量很高，这些中国销售很容易被其他地方更换。

Nvidia’s thinking is long-term: It believes China will be an important market for years to come. As the world’s pre-eminent manufacturing powerhouse, the country is likely to be among the leaders in AI-related areas such as robotics and autonomous driving. People at Nvidia said the company needs to do business there to stay relevant, especially as AI functions are incorporated into everyday devices that are often made in China.
Nvidia的思想是长期的：它认为中国将成为未来几年的重要市场。作为世界前杰出的制造力，该国可能是机器人技术和自动驾驶等AI相关地区的领导者之一。 NVIDIA的人们表示，该公司需要在那里开展业务才能保持相关性，尤其是随着AI功能被纳入经常在中国制造的日常设备中。

Part of Nvidia’s dedication to its China business is shown by its work to keep its 4,000 employees there, who are coveted by rivals.
NVIDIA对中国业务的奉献精神的一部分是通过其4,000名员工在那里被竞争对手垂涎的工作所表明的。

Xie Weide, a headhunter in China, said some companies were offering Nvidia engineers and marketing managers double their current salaries. For months, Xie said he has spent lunchtime at a coffee shop near Nvidia’s Shanghai office, approaching staff to recruit them for Huawei and another Chinese company.
中国的猎头Xie Weide表示，一些公司为NVIDIA工程师和市场经理提供了当前的薪水加倍。几个月以来，他说他一直在Nvidia上海办公室附近的一家咖啡店度过午餐时间，与员工接触，为华为和另一家中国公司招募他们。

Nvidia’s H100 is effectively banned for export to China.

At the recent Beijing gathering, Nvidia’s Huang boasted that Nvidia’s annual employee turnover in China was just 0.9%, less than Nvidia’s global average of 2%.

“Once you join Nvidia, you don’t leave,” Huang said. “If you join Nvidia, you’re going to grow old with me.”

The CEO toured several Chinese cities to celebrate the Lunar New Year, attending staff parties where he danced to the latest pop hits. He met robot startups using AI technology that have been praised in state media.

“Together over the last two decades, we have contributed to the modernization of one of the greatest markets, the greatest countries in the world,” Huang told his Chinese audience. “And we’re extremely proud to be a part of your ecosystem.”

¶

Cat-and-mouse game

The battle between Nvidia and the U.S. officials trying to regulate its China business began in earnest in late 2022, around the same time OpenAI’s chatbot ChatGPT kicked off the AI frenzy. Nvidia had the best chips to train AI models, and all the top players—OpenAI, Google, Amazon, Microsoft, Meta and more—clamored for as many as they could get.

Since late 2022, Nvidia’s shares have increased 10 times, from roughly $12 a share to about $120 a share now, and the company has at times been the world’s most valuable by market capitalization.

Former Commerce Secretary Gina Raimondo sought to control exports of advanced AI chips to China.

Chinese companies wanted to be in the vanguard of AI, too, especially DeepSeek, then a virtually unknown research unit inside a Chinese hedge-fund operator. In a presentation for an Nvidia conference in March 2022, an executive at the hedge fund described how it had amassed 10,000 of Nvidia’s then-cutting-edge A100 chips. The company was the first in China to put together a server with those AI chips, he said.

The Biden administration wanted to restrict China’s access to the technology, recognizing that AI was sure to have military applications, such as guiding a smart drone to identify the best target. With tensions rising over Taiwan, the U.S. didn’t want Beijing to gain an edge in a conflict.

In October 2022, it put in place the first export controls specifically targeting AI chips, including the A100s DeepSeek had bought—setting off a cat-and-mouse game of regulations to limit the spread of the chips.

Nvidia’s engineers soon rolled out a chip called A800—a variant of the A100 that met U.S. rules and that Nvidia would effectively sell only within China. The development came at breakneck speed for an industry where new chips often take years.

Nvidia then developed another chip, the H800, an adaptation for the Chinese market of the company’s next-generation H100 AI chips, which were also effectively banned for export to China.

The new chips complied with Washington’s limits but used workarounds elsewhere that enabled them to be almost on par with its top products at the time, analysts said.

Huang after the opening ceremony of a partner company’s new factory in Taiwan last month.

China’s biggest tech companies, including TikTok parent ByteDance, have placed billions of dollars of orders for the chips Nvidia designed specifically for China. DeepSeek said in a research paper in December that it used around 2,000 H800s to train a model behind its chatbot.

Nvidia’s strategy to sell modified chips angered U.S. officials, who were upset the company wasn’t being more helpful to curb China’s AI advances. They thought Nvidia wasn’t acting in the spirit of the rules, while the company said it was following them as written.

“That’s not productive,” said then-Commerce Secretary Gina Raimondo in December 2023. “Our national security goal is to have no AI special sauce in your chips.” Later that month, she toned down her criticism, calling Nvidia a good citizen and saying it was important to allow the company to continue to compete in the world.

The U.S. put in new controls in October 2023 that required a license for Nvidia’s China-specific A800 and H800 chips. Again, Nvidia developed a new batch of chips that complied with the controls, including a model called the H20.

¶

Battle over latest chip

While Chinese customers initially were concerned about the repeated downgrades in Nvidia’s chips, it became apparent by last year that the H20 was still plenty powerful for AI tasks, said people involved in the China AI business. Chinese rivals such as Huawei struggled to produce chips that could compete with Nvidia’s in sufficient quantities.

Nvidia had stuffed into its chip package an additional AI-oriented memory unit to augment the H20’s capabilities, the people said. Thanks to the improvement, the H20 for China actually outperformed Nvidia’s H800 chip in certain scenarios, even though it had to comply with new U.S. restrictions, they said.

Nvidia offices in Shanghai.

Meanwhile, Chinese customers who weren’t satisfied with the H20 found ways to get more advanced Nvidia chips by accessing computing power remotely or bringing the chips to China via third countries.

Eventually, DeepSeek was likely able to amass an estimated 50,000 Nvidia chips, a mix of H800s, H20s and the banned H100s, according to supply-chain data compiled by Dylan Patel, the founder of industry analysis firm SemiAnalysis.

OpenAI said it was investigating whether DeepSeek used its models to train its chatbot.

Nvidia said it believes it didn’t take a lot of chips for DeepSeek to accomplish what it did, and that instead it only needed smart engineers and access to OpenAI’s advanced models to help it create a competitor. It said it saw DeepSeek as an inevitable “fast follower.”

DeepSeek didn’t respond to requests for comment.

Biden administration officials could see what was happening, but they often disagreed on what to do about it. Officials sympathetic to companies that sell abroad squared off with national-security hawks who feared China would beat the U.S. in the AI war.

Some officials wanted to crack down on Nvidia’s China business and do it quickly, according to people familiar with the discussions. But actions were sometimes delayed because other officials were sensitive to the risk of hitting revenue at Nvidia and other big American companies.

Toward the end of the Biden administration, White House and Commerce Department officials discussed putting controls on Nvidia’s H20 chips as they realized their growing value to how AI is developed, according to people familiar with the matter.

Ultimately, the officials couldn’t agree on whether to implement a ban before time ran out.

People who know Huang, the Nvidia founder, describe him as a businessman who loves making and selling cutting-edge tech products and doesn’t enjoy getting mixed up in government policy debates. The Taiwan-born CEO, who grew up in the U.S. and is a U.S. citizen, didn’t keep a serious government-relations office in Washington until after the export-control battle flared up.

Nvidia and the Biden administration generally kept their relationship civil in public, but the gloves came off after the November election. The administration was preparing a final sally of measures adding curbs on the sale of chips to third countries that could serve as conduits to China.

As drafts of the rules circulated in Washington, Nvidia summoned some of the biggest tech names for a December meeting at which Nvidia urged them to lobby against the rules, said people familiar with the meeting. The chip maker argued that adding red tape on sales to most countries around the globe would hobble the entire industry and hurt America’s competitiveness.

Some, including Oracle, joined Nvidia in making that case to the U.S. The new rules moved forward anyway.

In recent weeks, Nvidia sales staff have told Chinese customers that the H20 chips would remain available in China because the latest Biden curbs don’t ban them.

Some members of Congress are now advocating such a ban. In a letter released Thursday, leaders of the House Select Committee on the Chinese Communist Party called for tighter controls on Nvidia, including a possible H20 ban. The lawmakers said DeepSeek’s extensive use of Nvidia chips shows that “frequently updating export controls is imperative.”

The decision will ultimately be up to Trump, whose administration also contains both China hawks and people more sensitive to the business imperatives of American exporters such as Nvidia.

Some Chinese tech executives said they were concerned about losing access to H20s because they don’t have immediate substitutes—echoing a remark by DeepSeek founder Liang Wenfeng last year that his biggest problem wasn’t finding funds but obtaining advanced chips.

At the same time, the executives said Chinese companies were again looking at workarounds, such as moving computing-intensive tasks overseas where Nvidia chips are easier to get.

China is pushing to keep its companies’ access to Nvidia chips while urging them to find Chinese alternatives wherever possible, according to the executives. In December, Chinese regulators said Nvidia might have violated local antitrust laws, in a move interpreted as a warning that Beijing, too, has cards to play if Washington gets tough.

Amrith Ramkumar, Dustin Volz and Liza Lin contributed to this article.

Write to Raffaele Huang at raffaele.huang@wsj.com, Stu Woo at Stu.Woo@wsj.com and Asa Fitch at asa.fitch@wsj.com

The Global AI Race¶

Get WSJ's AI Newsletter

Appeared in the February 4, 2025, print edition as 'DeepSeek Rattled Everyone but Nvidia'.

¶

By joining the conversation you are accepting our community rules and terms. To view rules, terms and FAQs, click here. Questions can be sent to moderator@wsj.com.

Conversations on news articles and news columns must be kept on the topic of the story. In opinion content, conversations can delve into other subjects. The conversation will close on this article four days after publication.

What do you think?

Sort by

53 minutes ago

Instead of trying slow China down by holding Nvidia back with restrictions, maybe the US should speed-up the US by doing even more to drive US investment/ advancement. The world will make progress no matter what.

·

·-

1 hour ago

From my experience with the app, it's really no better than Google search.

·

48 minutes ago

Results must be filtered via CCP-approved data yes?

·

·- -

2 hours ago

Is NVIDIA a U.S. national asset that we have any claim to control? This is a global economy and with the internet, computing power is everywhere. If I need compute power I can go to Google Colab that runs way more graphic processors that I will ever have. Of course the Chinese can get whatever chips they want, or outsource to processing centers around the world.

·

·-

2 hours ago

The diversified low risk retirement portfolio that I manage did far better than Dow, Nasdaq, NYSE and S& P. I did sell 50% of investment in Nividia last week.

·

·-

4 hours ago

Has anyone considered that DeepSeek is just executing an API to ChatGPT or OpenAI to obtain the answers and then displaying them?

·

3 hours ago

DeepSeek code is open sourced, and many Silicon Valley companies are already using and adapting DeepSeek code for their own LLM.

·

3 hours ago

It was a joke J.

·

·- - -

4 hours ago

Has anyone tried the app? I downloaded DeepSeek and requested news-related information but consistently received unhelpful responses, similar to those from a cheap chatbot. After a few attempts, I decided to delete the app.

·

4 hours ago

It's very good for ordering Chinese food however.

·

1 hour ago

Too funny

·

·-

4 hours ago

I agree...especially authentic Chinese food.

·

·- - -

5 hours ago

Bottom line. It's all about money. It's always about money. Huang like Musk could care less about national security as long as they make money. Unlike during WWII when we enjoyed not only a whole of government approach to dealing with threats, American people joined in those efforts. Not today. Huang all but bragged about undermining the government. And why not, despite a bipartisan effort to shut down Tik Tok, Trump not only threw it a life line but invited the CEO to the inauguration.

What a disgrace!

·

2 hours ago

How can they shut down Tik Tok? All you have to do is get a VPN and suddenly you're in Canada, or Germany, or most other countries.

·

·- -

5 hours ago

The more I read about the more it seems like the standard Chinese technique of stealing the intellectual property of others. They used ChatGBT answers to train their model. That means they didn't do something for 6 million dollars that ChatGBT did for a 100 million dollars. That means if DeepSeek started from scratch they'd have to spend close to a 100 million dollars. A trillion dollars of market cap (although a lot of that is momentum investor fluff) goes poof in one day based on a bunk story.

(Edited)

·

3 hours ago

Must be the reason Microsoft is already offering DeepSeek in their own cloud, and many Silicon Valley companies are already using and adapting DeepSeek open sourced technology and code for their own LLM as we speak.

·

·-

5 hours ago

But Huang all but admitted he facilitated it

·

·- -

6 hours ago

"Better to have those customers paying Nvidia billions of dollars and remaining hooked on its chips—plus the software surrounding them—than to send them searching for a Chinese alternative, company officials say." Yes, that's worked well for every piece of technology the U.S. and Europe sent to China over the past decades.

·

·-

6 hours ago

Normal for the US companies to give away the family jewels. We did that in seventies and eighties for the chemical and pharmaceutical companies. Short term profits with the hope they will generate longterm profits. Well there is a great phenomenon called reverse engineering and improvement. World loves to do that.

USA who!!!!!

·

·-

6 hours ago

Very good article discussing the trade-off between maintaining dominance in advanced chip technology and protecting national security.

NVIDIA et all need to sell chips to generate the cash flow to fund ongoing innovation and future dominance. This also prevents competitors in developing chips because most of the cash flow goes to NVIDIA. See the history of the HP printer model strategy.

The key to preserving national security and military dominance is for the U.S. to have access to the most advanced chips but allow China to get access to lower performing but still better than any other competitor. Not an easy task but is doable given the dominance of U.S. companies.

If we restrict U.S. companies the net result will be Chinese companies with subsidies will produce more competitive chips. U.S. advantage will be smaller in at all. This occurs because cash flow of U.S. companies will be lower and this will slow innovation and product development. In essence, you kill the gold goose.

·

5 hours ago

Wow. What a interesting deduction.

·

·- -

6 hours ago

Did the writer check NVDA move today, Monday Feb 3rd?

(Edited)

·

4 hours ago

Yeah, NVDA hasn't been too well lately. Since June, the Nasdaq is +10% while NVDA is -10%.

The index is still being pulled up by TSLA, META & AMZN.

·

·- -

6 hours ago

Wanna bet that DeepSeek sold NVDA short tandem with their market announcement?

·

·-

6 hours ago

If the company requires mostly brainpower to run, it could theoretically operate anywhere, anytime. So by having offices in the most desirable worldwide living areas (such as the Gold Coast of Australia, Switzerland, Rio, etc.. ) could be a huge worker perk plus leverage over countries trying to control the output.

Who says only billionaires can live in the best places, brain workers can do the same - that's one reason why there is so much emphasis on back to the office, as companies don't want to encourage work from home - that's only for executives. So it's back to the 19th century office and office grind for the average worker.

·

·-

7 hours ago

The ole lock the barn door trick after the herd has fled is a classic indeed by our politicals geniuses. China will always find away around any roadblock we may put in the way as most often we just let them steal it and make their own.

·

6 hours ago

What lock is that which can stop the flow of chips but cannot control the flow of humans, weapons, oil or drugs around the world? Moving chips around the world is ridiculously easy in comparison.

The only thing preventing the flow of chips is the company owner promising to control the flow - I'm waiting for some government official to push too hard and he packs his bags for some other country.

·

·- -

7 hours ago

"Nvidia’s thinking is long-term: It believes China will be an important market for years to come. As the world’s pre-eminent manufacturing powerhouse, the country is likely to be among the leaders in AI-related areas such as robotics and autonomous driving."

True long-term thinking looks to the geopolitical risk, not just profits to be had. The fact that China is as advanced as it is, and is involved in global malware infestation and stealing intellectual property, is the result of American companies seeking out greater profits in China, even if it meant effectively forming partnerships with the Chinese Government.

·

4 hours ago

Nvidia should move to China and see how successful they would be. Do you think the Chinese government would ever stand buy and let Deepseek undermine their country for the sake of profits?

·

·- -

8 hours ago

If it turns out that DeepSeek really did leapfrog the AI world with new software methods then American companies need to get to work and innovate their way back to the front of the pack. It remains to be seen how much DeepSeek just trained their models using previosly-existing AI results in which case their results are a flash in the pan.

My prediction is that some hungry grad student somewhere will figure out how to compute predictive models using only their iPhone and the world will change again.

·

·-

8 hours ago

Very good article. NVDA will be fine. The question is will you be fine at $60 a share?

·

·-

8 hours ago

Lol he chose to spend the time with the dictator in Beijing over participating in the Presidential inauguration? You can't make this up!

·

·-

8 hours ago

No doubt, the numskulls we elect as politicians to run our government, be they Republican or Democrat, will always believe they have the voting public’s best interests in mind when they get involved in things they really don’t have a clue about. Be it economics, business, medicine, or climate, these folks with their lawyer degrees think they know it all. And for some reason, all their laws are over 2,000 pages long, and full of “legalese” that needs a law firm or two to interpret……and make money on. Oh, what a tangled mess we’ve created here in the good ole United States!

·

·-

8 hours ago

LOL, the long game for Nvidia is to sell chips.

·

·-

8 hours ago

If the US forbids Nvidia from operating in China, where do you think the employees, the factories, and the offices will go? Usually, not back to the US.

·

·-

8 hours ago

Jevon's Paradox - increased efficiency and lower cost result in increased demand and concumption, not less. NVidia is playing the long game.

·

·-

9 hours ago

Time for everyone who purchases computers to avoid systems with NVidia graphics.

·

8 hours ago

No way. I need the best graphics processor for my flight simulator and Nvidia can't be beat.

·

·- -

9 hours ago

Jensen Huang is taking the goodwill of the American people for granted and in doing so he is walking a treasonous tightrope.

This isn’t a ping pong match, Jensen. Don’t be your own worst enemy.

·

9 hours ago

When Huang asks his employees to design chips that thwart the spirit of U.S. regulations, Huang is abusing his employees.

·

·- -

9 hours ago

Government instigates innovation, but only unwittingly, in contravention of its attempts to clamp down on it.

·

9 hours ago

The "blind squirrel" theory of progress.

At best, government pulls from the future into the present developments the consuming public is not yet ready to pay for. E.g. - communications between remote computers & space travel...

·

·- -

This comment violated our policy.

9 hours ago

It's not endearing nor does it bolster your argument to bitterly blame your investing troubles on 'Poor White Maga'. It is in fact quite racist and absolutely incorrect. It's rich Maga, i.e., Trump and and his advisors, not least the world's richest man, who are implementing changes that may or may not benefit your portfolio.

·

9 hours ago

What happens when one of the Chinese companies steals NVDA IP and kicks them to the curb? It's just a matter of time.

·

10 hours ago

Not uncommon, there is a disconnect between the bureaucrats and technocrats. You are dealing with some of the most complex computing equations in the universe, and hence those who understand those dynamics will win every time. That was why Nvidia was always able to do a work around the regulations because they could modify a chip with enough computing nuance to circumvent the written regulation. The bureaucrats are in a no win situation in this regard, as those who understand such nuances of the computing world are working for Nvidia and not Congress.

(Edited)

·

10 hours ago

All hype...

·

·-

10 hours ago

Necessity is the mother of invention and Americans have seem to forgotten that. The higher the constraints, the better innovations take place.

·

10 hours ago

The way to beat AI is with Actual Intelligence. Fix our schools, have teachers teach and fire the politicians in schools.

·

10 hours ago

Watch the west steal the Chinese process innovations of DeepSeek...

·

10 hours ago

Lat two years

US stock market had outstanding stock market appreciation, due to

progress of inflation control
AI

I made big capital gains already

I doubt I can make much capital gains under Trump's watch

it is actually I might benefit by betting on bad governance of Trump administration that will cause US stock market crash

like what is happening today

·

·-

10 hours ago

The only way to stay ahead of the Chinese is to out innovate the Chinese. Government restrictions are always 2 steps behind and the Chinese will figure out how to get around them.

·