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This could be merely posturing or could also be an indication of growing self-reliance in AI chipmaking capabilities. If Biden continues to ban even downgraded $NVIDIA (NVDA.US)$ chips from exports to China, telling local firms not to buy Nvidia is moot and academic. $Cambricon (688256.SH)$ , $Huawei Hongmong (LIST0795.SH)$ and $Baidu (BIDU.US)$ to benefit.
$BIDU-SW (09888.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$
$BIDU-SW (09888.HK)$ $KraneShares CSI China Internet ETF (KWEB.US)$
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Btan : If this is true, China is playing the same card as US. This will disrupt the movements in China funds. Especially when Baba is cooperating with Nividia
considerate Kiwi_974 : Is time to short Nvidia. Some news about SMCI and Nvidia cooked their books. Think Nvidia will be called for investigation soon. No wonder Huang kept selling his shares.