Internal remarks by NVIDIA CEO Jensen Huang are going viral. This is not about pessimism towards the U.S., but rather a capitalist realism: when politics tries to control technology, technology will find its own way forward:
1) China will win the generative AI competition within the next 5-10 years;
2) China has over 1 million AI professionals, while Silicon Valley has only 200,000 dedicated experts;
3) U.S. export controls have instead spurred China's self-research efforts.
4) The sanctions have become a nationwide mobilization order for China, comparable to the Sputnik moment;
5) Huawei's 910C is only 8–12% slower than the H100 but can produce 200,000 units per month;
6) If the U.S. does not change its strategy, it will personally hand over the AI championship trophy to China.
If these remarks were indeed made by Jensen Huang in private, the tone reflects more of a silent protest against U.S. government policies. Over the past year, NVIDIA has lost tens of billions of dollars in potential revenue due to export restrictions, and at the height of the AI boom, it has been forced to watch China rapidly achieve self-reliance. His anger and frustration are not difficult to understand. These six statements implicitly contain three layers of logic: On the technical level, Huang acknowledges that China's AI is narrowing the performance gap through talent and mass production; on the political level, he implies that U.S. controls are not defensive but rather self-destructive; on the commercial level, this is more of an expression of anger toward Washington—"the tighter your blockade, the faster my company dies."

🕐 Market Recap | Thursday, Nov 6, 2025
Tech Gets Crushed, VIX Surges, Broad Reversal as Fear Reclaims the Tape
🧠 Summary:
Markets tumbled sharply into the close as traders rotated out of mega caps following last week’s bounce. The SPX fell -1.12%, and the VIX soared +8.27% back toward 20. Risk appetite evaporated fast, with TSLA, NVDA, AMZN, and META down over 2–3%. Only GOOGL closed marginally green, while MSFT and AAPL reversed intraday strength.
📊 Stock...

The CEO has long announced that China is excluded from revenue considerations. Why is this issue still being brought up now? Even Nasdaq futures have not fallen that much, and they still want to use NVIDIA to depress the broader market stocks? The approach is rather crude.

Key Takeaways (AI-Generated)
Financial Performance:
- Figma reported Q3 2025 revenue of $274 million, achieving a 38% year-over-year growth, which surpassed the higher end of the guidance.
- The company has crossed a $1 billion annual revenue run rate.
- Non-GAAP operating margin was maintained at 12% despite significant investment in AI and M&A.
- Adjusted free cash flow margin stood at 18% for the quarter.
- A strong balance sheet with $1.6 billion in cash...