$NVIDIA(NVDA.US)

Jensen Huang immediately accepted an interview with CNBC after the conference call. In addition to continuing to be very bullish on the industry Beta (the current evolution of AI, from pre-training—learning basic physics and data formulas, to the post-training stage (starting to use basic knowledge to solve exercises, truly learning to apply it), and the inference stage (application in real scenarios) token usage is growing explosively, so the industry will be better than previously expected).

There was a statement regarding Deep Seek and the ban, where he mentioned several interesting points: when asked whether the press conference ban has any effect, Huang said it is hard to say. Because:

a. Currently, some players in the Chinese market are also very competitive, such as Huawei, which is very rigorous.

b. Software engineering is also very strong; ultimately, software will adapt to hardware, and on what kind of hardware, software can thrive remarkably.

c. The token throughput of GB200 is 60 times that of the chips sold to China.

Understanding the meaning, it feels like there is a clear implication. It seems to suggest that the gap is huge, the ban is not very meaningful, and it is likely to lose business while nurturing competitors, as competitors like Huawei may quickly catch up.

https://longportapp.cn/zh-CN/topics/27615752