-- Tripp Mickle, NY Times, 5/28/25
"A.I. Chipmaker Nvidia’s Revenue Jumps 69% to $44.1 Billion"
Combined Summary of NY Times and Bloomberg Articles
📈 1. Explosive Growth Despite Export Restrictions
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Nvidia reported a 69% year-over-year revenue increase, reaching $44.1 billion, with net income of $18.78 billion.
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Q2 forecast projects another 50% revenue increase to $45 billion, driven by demand for its new Blackwell AI chips.
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Nvidia is now the second-most-valuable company globally, ahead of Apple and behind Microsoft, with a market cap of $3.3 trillion.
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The company is shipping ~72,000 Blackwell chips per week, each priced above $30,000.
🌏 2. China Sanctions Creating Major Headwinds
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U.S. government restrictions on AI chip exports to China are expected to cost Nvidia $8 billion in the current quarter.
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China’s share of Nvidia’s revenue has dropped from 21% to 13% over two years.
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CEO Jensen Huang argues these export controls are ineffective and counterproductive, saying they “strengthen Chinese chipmakers abroad.”
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Despite attempts to influence policy—e.g., travel to Washington, Beijing, and Taiwan—Nvidia has seen limited success reversing restrictions.
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Huang has hinted Nvidia may design new chips specifically for the China market to bypass bans.
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🌍 3. Global Expansion and Strategic Partnerships
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The Middle East has emerged as a major growth area, with Nvidia benefiting from loosened export rules.
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Example: a major deal with the UAE to build the world’s largest AI data center hub.
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U.S. energy limitations (e.g., 50MW caps) are pushing AI infrastructure growth abroad, including OpenAI’s planned 200MW data center in Abu Dhabi.
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Nvidia aims to treat AI infrastructure as essential as telecom and is courting governments globally—including Europe, Asia, and the Middle East.
🔮 4. Positioning as the Sole AI Chip Leader—for Now
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Nvidia remains the dominant supplier of AI chips, especially to hyperscalers like Microsoft, Amazon, Google, and Meta.
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Analyst commentary: Nvidia is still the “only game in town” for many countries looking to build AI capacity.
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The company is racing to capitalize on current dominance before competitors catch up in the AI hardware race.
-- Charles Pulliam-1) "A.I. Chipmaker Nvidia’s Revenue Jumps 69% to $44.1 Billion"
- Text NY Times
"From the Creator of ‘Succession,’ a Delicious Satire of the Tech Right"
🎬 “Mountainhead” Moves Fast to Roast Silicon Valley Faster
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Jesse Armstrong, the mind behind Succession, cranked out Mountainhead in record time — written in winter, filmed in spring, premiering on HBO by summer.
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Because what better way to satirize technocrats than with their own ethos: move fast, break things, and don’t worry about rewrites.
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💻 Tech Billionaires, Deepfakes, and Global Collapse — Just Another Tuesday
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The film centers on a gang of cartoonishly familiar tech moguls, including Venis, a Muskian man-child unleashing deepfake chaos, and Jeff, an AI idealist with a conscience (because every satire needs one).
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Venis’s new platform enables viral fake videos of crimes, igniting social collapse — because why stop at destroying democracy when you can monetize its funeral?
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Randall, a venture capitalist mashup of Peter Thiel and Marc Andreessen, floats ideas like taking over nations and building “crypto network states.” You know, as one does.
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🌍 When Satire Meets Reality and They Shake Hands Like Old Friends
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Armstrong’s fictional fever dream isn’t so far-fetched:
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The real-world tech elite already toy with space colonization, A.I. supremacy, and governing like it’s a TED Talk.
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The “big, beautiful bill” in Congress gives these men a 10-year A.I. regulation holiday. Because apparently, what’s good for the stock price is good for the country.
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🎭 Art Steps Up Where Journalism Can’t — Or Won’t
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Mountainhead doesn’t target Trump directly, but it does skewer the oligarchs who flourish under his reign—and feel emboldened to consider a coup if things go off script.
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Despite the president’s thin-skinned threats (ask Springsteen), HBO gave Armstrong full creative freedom.
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It’s a reminder: satire might not save us from technofeudalism, but at least it can mock it with style while the servers burn.
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Final Thought: If Succession chronicled a dying media empire, Mountainhead gleefully eulogizes a society where the only thing growing faster than A.I. chips is the ego of the men who sell them.
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