Author |Yan Da.
How amazing can the explosive power of top high-tech companies be? It can shatter the self-esteem that is still trapped in the traditional industry overnight! Nvidia soared by more than 16% last night, and its market value exceeded 194 trillion US dollars, a direct increase of more than 270 billion US dollars, about 2 trillion yuan, equivalent to an overnight increase in Moutai or ICBC. The transformative power brought about by high technology is a little scary, and it makes a little sad for a bystander like me across the ocean. I have always said that the economic structure of China and the United States is different, but what are the differences? For example, among the top 10 companies with the largest market capitalization among our listed companies, China Mobile is now ranked first25 trillion yuan, followed by Moutai 215 trillion, the rest are five banks including ICBC, CCB, Agricultural Bank, Bank of China, and China Merchants, as well as one PetroChina, one CNOOC and one Chinese Shou. Looking at the United States, the top 10 companies by market capitalization are Microsoft, Apple, Google, Amazon, Nvidia, Meta (Facebook), Tesla, Warren Buffett's Berkshire Hathaway, Lilai (biopharmaceutical), and Broadcom (semiconductor). What is called the difference in the structure of the economy can be seen at a glance from this place. On the one hand, the high-quality assets are mainly state-owned assets, and on the other hand, there are more of the world's top high-tech; On the one hand, it is mainly in traditional industries such as wine, banking, and petroleum, and on the other hand, it is a leading global science and technology innovation enterprise. I won't go into too much detail here, but it's clearEven just trying to catch up requires huge changes and very long cycles. Nvidia is recognized as the king of AI in the global market, and it is reported that it controls about 8% of the high-end AI chip market, and the supply of top products exceeds demand. The Sino-US science and technology war is fought by no one, and NVIDIA's high-end chips have naturally become the core of the US-China science and technology wrestling. Last year, Bill Gates and Musk came to China in a high-profile manner, and Musk was even received by an over-standard reception. One of these points is very clear, that is, even if the Sino-US war and the science and technology war are high, it is still very necessary to promote the stability between Chinese and American commercial enterprises, after all, who wants to be stuck by related technology. After Musk received an oversized reception, it was rumored that Nvidia's Jensen Huang would also go to Beijing, but two days after Musk left, the US ship ignored the warning and forcibly entered the Taiwan Strait. Later, Huang returned to the United States after finishing the international computer show in Taipei and visiting the food stalls, obviously choosing to protect himself. China's high-end AI computing power market is huge, and the first-class chip war is in full swing, but no matter how Nvidia is, there is no reason why Nvidia is unwilling to sell products to customers, what to do, use a revised version, that is, a "castrated version" such as reducing the transmission speed, bypassing the restrictions and selling to Chinese customers. When U.S. Secretary of Commerce Raimondo came to China last year, he originally wanted to see a joke, but he didn't expect to be "far ahead of Huawei's high-profile endorsement", and he became a joke instead. At the end of the year, Raimondo elaborated on the US position, which probably means that even the revision made by Nvidia specifically for Chinese customers must be completely restricted, and any new chips that give Chinese artificial intelligence capabilities should be restricted. As an investor in Nvidia, the most worrying thing is whether Nvidia's performance will suffer a waterloo. So recently, many analysts have been paying attention to the release of Nvidia's fourth-quarter fiscal year results, if the fourth-quarter performance is not good and fails to significantly exceed investors' expectations, there is a high probability that ** will face selling pressure. But I never expected that Nvidia's performance in the fourth quarter exceeded expectations, with revenue of $22.1 billion, far exceeding market expectations of 204$100 million, with a profit margin of 767% and the expectation is 754%。The entire technology sector of the U.S. stock market changed its cautiousness a few days ago, and Nvidia rose more than 16% overnight, an absolute market darling. On the other hand, many of us used to think that China's consumption and demand market was huge, and we always thought that without the Chinese market, technology companies such as Nvidia would have to run out and their performance would decline sharply. Now it seems that this is a bit self-deceptive, in the context of the fierce technology war and chip war, Nvidia's performance can far exceed expectations, which shows that the development of advanced technology often exceeds conventional and inertial thinking. Of course, others play high-tech, and we play wool and wool is invincible in the world. Created chatgpt40 and OpenAI Ultraman, which has just released Wensheng **SORA, which shocked the world, is reportedly trying to raise a total of up to $7 trillion from the Middle East to support one of OpenAI's semiconductor initiatives and compete with Nvidia. Later, Ultraman said in an interview that this will require a lot of global investment, beyond our imagination, and the world needs more artificial intelligence computing (chips). Others are deeply engaged in artificial intelligence and AI, not only may not make money, but they are also constantly looking for money to invest in research and development all over the world. On our side, speculators have already sold AI courses to the point of flying, realizing financial freedom and reaching the pinnacle of life. 
It is better to create artificial intelligence than to swagger and deceive, and it is better to work than to play with mouth cannons, which everyone feels uncomfortable. Some people are monetizing knowledge, and some people just want to monetize, adulteration, fraud, and plagiarism just to cut leeks. In the end, the AI maker is only allocated to the money that sells the AI class, which is nonsense enough.