Ian King

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.

So it's a little bit uncertain when it will exactly hit and how it will line up with Wall Street estimates.

But you've got to remember that total revenue estimates for the company over the next couple of years are

are in the 300 range.

So 500 is a lot more than 300.

So regardless of how exactly that lines up and whether that's all captured in one year, it's still a huge number.

And really, as we saw from our TV interview with him yesterday and as we saw from his appearance at the big show here in Washington, he's saying, look, bubble what bubble, don't worry about it.

Yeah, I mean, he's playing whack-a-mole, right?

The biggest concern is that we're building ahead of the actual business case for AI.