<p>➀ Mizuho Securities reports that the Trump administration may impose new export control measures on AI chips to China.</p><p>➁ The appointment of key officials in the US Department of Commerce and Bureau of Industry and Security may lead to a complete ban on all AI chips entering China, affecting NVIDIA's H20/B20 and some traditional chips (28nm+).</p><p>➂ The ban could impact NVIDIA's revenue by $4-6 billion and earnings per share by $0.13-0.18.</p>