$NVIDIA Corp(NVDA)$ China has made significant strides in developing its semiconductor industry, with the goal of becoming a world leader in chip manufacturing by 2025, as outlined in its "Made in China 2025" plan.¹ This initiative has led to substantial investments in research and development, as well as the recruitment of top talent from around the world. While China has made notable progress, surpassing the US in some areas like high-speed rail, graphene, and electric vehicles, producing a better AI chip than Nvidia in 2025 is still uncertain. Nvidia is a well-established leader in the field of AI computing hardware, with a strong track record of innovation and significant investments in research and development.