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Nvidia's China Collapse: $170B Wiped & the 8% Market Share Shock
Audio is available on Spreaker — see link below.
Nvidia lost $170 billion in market value in a single day as China's deliberate refusal to buy H200 chips — despite valid US export licences — exposed a structural, not regulatory, crisis. Domestic Chinese AI chips now hold 55% market share, and the window for Nvidia to recapture that ground is closing fast.
Audio is available on Spreaker — see link below.
Nvidia lost one hundred seventy billion dollars in market value on May fifteenth. That's not noise.
The deeper signal is in the market share numbers. In early twenty-twenty-four, Nvidia held roughly ninety-five percent of China's AI chip market.
Trump indicated chip sales weren't a primary topic in US-China bilateral talks. That's a clear read on the near-term policy outlook.
Away from the Nvidia story, TSMC is quietly reshaping its balance sheet. The company sold one hundred fifty-two million shares of Vanguard International Semiconductor, an eight point one percent stake, generating somewhere between twenty-four and twenty-nine billion New Taiwan dollars.
The one genuinely forward-looking development in this cycle is the Stanford-MIT-CMU-Penn team, working with SkyWater Technology, developing a three-dimensional chip architecture that integrates memory and compute vertically. The memory wall problem, where processing speed outpaces data delivery on conventional two-dimensional chips, is one of the core constraints on AI hardware performance.
Nvidia's earnings are the immediate test. Analysts expect roughly eighty billion dollars in revenue.
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