The CEO of ExxonMobil is no dummy! His company has been burned twice in Venezuela. At present Venezuela is truly uninvestable; heavy oil, outdated infrastructure, unstable government, low oil prices, no trust of Trump and a debt that has never been recovered. I doubt any other company other than maybe Chevron will be doing much in Venezuela for a long, long time...
China will buy a few NVIDIA chips to keep some of their development moving forward BUT the USA has lost the momentum as China has already decided they can't trust the USA as a trusted source for high end chips. They are well on the way to developing their own high end chips and won't go back...
China has proven, once again, that it can be very nimble in outsmarting the USA on tariffs and managing their control of the global economy. The USA, on the other hand, has increased inflation, lost markets and come up the loser on tariffs.
All good but lets keep the terrorists away from the new development. I'm sure there are many Maduro friendly factions that have gone underground and waiting to disrupt things!?
At the time Zuckerberg began throwing money at his Metaverse world it looked like a great idea with great potential (and it might be at some point in the future?). Hindsight is always 20/20!
Trump's approach to NVIDA chip sales to China hasn't helped NVIDIA's bottom line, forcing China to develop their own unique AI chip manufacturing industry and very likely never coming back to USA for their AI requirements.
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