Appendix
Open Questions (4)
🔴 Will Chinese regulators approve imports/shipments of Nvidia H200, and if so under what conditions (e.g., domestic-chip bundling ratios)?
🔴 What additional H200 volume will Nvidia order from TSMC beyond existing inventory, and how will this affect non-China supply allocations in 2026?
🟡 What are the final transaction terms and regulatory approvals/timelines for Meta’s acquisition of Manus, including any cross-border review requirements?
🟡 How much capital will GridFree AI ultimately raise for the 5GW Texas campuses, and what are the emissions/permitting and interconnection outcomes for eventual grid export?