Ian King

Jensen's been obviously making his case in Washington.

Now he's making his case in person in Asia where the president is.

President Trump mentioned this Blackwell chip, said raise the possibility, raise everybody's hopes, and then kind of took it away a little bit.

So we don't really know where we are now other than hoping that, you know, because it's being discussed that there is more possibility of NVIDIA doing more business in China.

Yeah, no, he's trying to make Korea into yet another example of this push that he sees of let's deploy AI everywhere.

Let's get it in government organizations.

Let's get it in corporate situations.

And Korea obviously has a vibrant tech economy, companies like Samsung.

So he's seeing this as another perhaps exemplary kind of position and country for this push that he's making around the world.

Yeah, no, absolutely right.

And you just go by what the president has said yesterday or today.

And what he said previously, there's a gap, right?

Our understanding was they might be allowed to send part of this new chip line to China, but only a very reduced version of it.

That was the understanding that would be better than what they can do now.

That will be good for revenue.

But if he's referring to the whole of the Blackwell line, to effectively NVIDIA's best chips, that's a massive expansion of the opportunity and would obviously explain a lot of excitement.

But it's unlikely that that's the case.

Yeah, no, you're absolutely right.

And I think that would probably be the bigger driver of what's going on today.

If we sort of look at the Wall Street reaction, as you said, he put that number of half a trillion dollars of sales that he's sure he's going to get for these new chips over a five quarter period.