🚨 US just approved $NVDA chip sales to sketchy Chinese shell companies
Multiple firms with EMPTY OFFICES got the green light. Some have sus connections that should've been red flags.
Approval process looking like a joke. Either incompetence or someone's getting paid to look the other way.
This matters because:
• Chips = AI compute power
• China restrictions were supposed to be tight
• $NVDA revenue exposure to China just got murkier
Watch for political blowback. This could trigger new export control drama and regulatory uncertainty for semis.
Multiple firms with EMPTY OFFICES got the green light. Some have sus connections that should've been red flags.
Approval process looking like a joke. Either incompetence or someone's getting paid to look the other way.
This matters because:
• Chips = AI compute power
• China restrictions were supposed to be tight
• $NVDA revenue exposure to China just got murkier
Watch for political blowback. This could trigger new export control drama and regulatory uncertainty for semis.