Nvidia’s share price is up more than 9% since Tuesday morning. The company declined Fortune’s request for comment.
“This puts them to the front of the line,” Ives told Fortune. “It’s a red-carpet rollout. It’s a region that ultimately could add a trillion dollars to the market opportunity for AI over the next decade.”
“With China still a tenuous situation, I think it’s a watershed moment,” he added.
“Nvidia owns the AI revolution,” Ives said. “And everyone knows that.”
