According to The Kobeissi Letter, Jensen Huang stated on Tuesday that China is going to win the AI race against the US unless things change. According to The Kobeissi Letter, Nvidia’s market capitalization declined by roughly $500 billion over the following three sessions. According to The Kobeissi Letter, later that night Huang said China is nanoseconds behind the US on AI. According to The Kobeissi Letter, less than 24 hours later headlines indicated the US is set to announce a ban on sales of Nvidia’s scaled-down AI chips to China. According to The Kobeissi Letter, this sequence came a week after President Trump met with Huang before Trump’s meeting with China’s President Xi. According to The Kobeissi Letter, this timeline highlights acute headline risk around US–China AI policy for Nvidia and AI-exposed equities. According to The Kobeissi Letter, the post did not discuss cryptocurrencies or any spillover to crypto markets.