i can also see this too and here's more missing puzzle pieces for your analysis:
nvidia has been losing out on A LOT of profits because the american government will not let them sell the high end chips to china and huang was lobbying entire time to change this -- letting nvidia sell to china makes the ai bubble more sustainable and ensures that china never creates a its own competitor. (it's too late now for that last part, but there's still plenty of profits to be had until that new competitor catches up).
trump wants it as much (or as little depending on your perspective) as much as clinton, bush jr, obama, biden, wanted it -- they've all been adopting the same strategy when it comes to china and zooming in on trump is going to make you miss this forrest for the trees.
