00:00Well, it's unclear at this point whether President Trump, what he's going to exactly raise with the Chinese president during
00:06this trip,
00:07and whether or not there are concerns that relate specifically to NVIDIA.
00:12Jensen Wong kind of like joined at the very last minute on this trip.
00:15The big ticket item that would be seeking Beijing's approval for Chinese customers to buy NVIDIA's Advanced H200 chips,
00:25those products they used to train and run models like ChatGPT,
00:29they've always required Washington's permission for export to China.
00:33The big concern is that the U.S. thinks the technology could boost the military in China.
00:39Shears of Minimax Group and Knowledge Atlas Technology, that's a joint stock, that's sword in Hong Kong.
00:46Investors are betting that the Chinese AI developers are gaining access to the NVIDIA accelerators.
00:53So they're part of the NVIDIA story.
00:55They're part of the NVIDIA story, so more powerful accelerators are going to be good for these companies.
01:00Investors seem to be excited that Jensen Wong's joining Trump on this trip.
01:05He wants to sell NVIDIA to China.
01:08Well, China also has restrictions.
01:10I mean, it goes both ways.
01:12It goes both ways.
01:13The team, Trump, you'll recall, granted the licenses several months ago and kind of a reversal of U.S. policy
01:20and a pretty big win for NVIDIA at the time.
01:23But Beijing at this point, they do remain the holdup.
01:26China's central government has complained about U.S. export controls and advanced technology.
01:31They also want to achieve some degree of self-sufficiency in semiconductors and boost some of the domestic champions in
01:40China.
01:40So there's that end of it.
01:42Another company we're following, cloud computing provider Nebius Group.
01:47They're actually out of the Netherlands.
01:49But when they have a 684% jump in first quarter sales, yeah, you take notice.
01:56They're attributing this to increased demand for its data centers.
02:01Revenues, $399 million for the quarter, slightly above expectations.
02:07EBITDA, adjusted earnings before he enters taxes, depreciation, and amortization, all of which you pay in cash.
02:14$129.5 million.
02:16Remember, they had a loss during the same period last year.
02:21Nebius competes with CoreWeave and a range of neocloud startups.
02:25They rent out computing resources to AI developers.
02:29Pretty costly business.
02:31Lots of competition, especially from the largest cloud operators in Silicon Valley.
02:36You got one more?
02:37Well, we got to do Mr. San's company investment in open AI, paying off for SoftBank.
02:45Really? Okay.
02:45They reported a surge in quarterly profit.
02:49Most of it was because of that investment.
02:51The results say just probably the company's going to make an even bigger bet on the chat GPT maker.
02:57So they got something right.
02:58They got something right.
02:59And I don't see much else where it's really going really right for Mr. San and the company at this
03:06point.
03:06So expect perhaps.
03:08I mean, that's the betting at this point.
03:09They're going to make a bigger investment in the open AI.
03:12They're going to make a bigger investment in the open AI.
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