00:00 Julia
And there was a policy analyst at UM AA DC about who met about the China meeting between President XI, Putin and Modi. This morning, the US is pulling UM TSMC. Taiwanese semiconductors have the ability to ship the components needed to China to make chips. So it's all going on. Well, last week, Paul, I spoke with Jensen Wang of Nvidia after the revenue. We talked about why the Chinese market is so important to the company. This is what he said.
00:33 Jensen Fan
It's great for China. And we have the opportunity to catch some of the $50 billion that grows at about 50% each year. The world's second largest AI and computing market. America should be part of it. It's great for export, great for our Treasury, perfect for American technology leadership, and can be used to leverage that leadership all over the world.
01:04 Julia
In other words, Paul says that while there is clearly an affordable and growing company without China, Jensen still needs to be there. And to your point about trading in China, it's like everyone is hanging over their heads, but what do tech stocks need to get back the groove?
01:21 pole
Well, I think comprehensive transactions are very necessary. What happens here will not only settle or at least come to a deadlock on the tariffs that deal with AI GPU export controls, but perhaps we will understand where Tik Tok's US business resides. And there's a lot about this, and it's a very important catalyst, and even if short-term Nvidia has so much demand from other regions, without these Chinese revenues, in the long run, they and these other companies in the supply chain must be in the Chinese market. They must do it. This, at least in my opinion, believes, they need us much more than they need us.
