China’s AI industry is booming. Can Nvidia and other U.S. companies still get in on it? - MarketWatch
1. China's cloud capital expenditures outpaced U.S. providers in Q1 this year. 2. BAT companies' capex grew 100% YoY, exceeding U.S. peers for six quarters. 3. Jefferies forecasts strong growth in China's AI spending, reaching 1 trillion yuan. 4. GOOGL benefits from U.S. firms' diverse revenue models, impacting capex dynamics. 5. China's AI demand is expected to continue growing despite U.S. export restrictions.