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.

According to @cryptorover, NVDA shed roughly $150 billion in market value within 45 minutes after CEO Jensen Huang reportedly said China will win the AI race against the US (source: @cryptorover). The post attributes the rapid drawdown to Huang’s remarks, highlighting headline risk around AI equities that crypto traders often track for sentiment spillovers into AI-linked tokens and broader crypto beta during US–China AI news cycles (source: @cryptorover).

According to Lookonchain, GLONK token experienced a significant decline in market capitalization, dropping from a peak of $18 million to approximately $4 million on one exchange and from $15 million to around $816,000 on another. The 24-hour trading volume remains high, with $82 million on one platform versus $56 million on the other, highlighting strong trader activity and volatility. For crypto traders, these real-money market moves signal heightened risk and potential short-term trading opportunities as market sentiment shifts rapidly (source: Lookonchain on Twitter, May 14, 2025).