We often hear of the Chinese government cracking down on its tech sector with sweeping regulations, but we often overlook that today's China is the main competitor of the United States in the field of AI (artificial intelligence). For this purpose, I start by providing some insights into China's thriving cloud and AI sectors. peer Amazon ( NASDAQ: AMZN) could profit from Alibaba's sufferings. I will provide a detailed explanation for the above price actions in this thesis whose main objective is to explain how U.S. Department of Commerce's decision on October 10 to restrict the export of its advanced A-100 AI chips to China with Alibaba's ( BABA ) shares also dropping for related reasons. As shown in the chart below, NVIDIA ( NVDA) has suffered following the U.S.
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June 2023
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