Jensen Huang

So this could ease some short-term supply chain fears.

So that definitely helps companies like NVIDIA and AMD and other U.S.

semiconductor toolmakers who had been frozen out of Chinese markets.

But I also don't think that NVIDIA is going to be allowed to sell just whatever it wants.

That said, given Nvidia's new $5 trillion valuation, which also happened this week, this is really, really important, not just for investors, but for our entire economy.

I think something like 40,000 companies use Nvidia GPUs for AI and for accelerated computing.

And their biggest customers are the big tech companies, Microsoft, AWS, Google, Oracle.

And by market cap, these are some of America's biggest companies.

So I don't think that the doors are open and there's going to be a fire sale overnight.

But I do think there's reason to be more optimistic than than maybe before.

But Amy, why does it matter to the US economy and some of the big players in Nvidia?

Because Nvidia hit that $5 trillion market capitalization while saying they had zero sales into China.

The idea being that they can actually go it alone.

Well, I think that's true today.

The issue is what's coming in the future.

So the CCP, every couple of years, every five years, they have very secretive meetings held in Beijing on their five-year plans, and this happens with regularity.

So this meeting just happened, and China's top priority is building what it's calling a modern industrial system, which is really code for making old industries smart and new industries unstoppable.

So what this means is,

heavily investing in frontier sectors like aerospace, biomanufacturing, quantum, advanced materials, and improving supply chains.

All of this requires those advanced chips.