AI Supply Chain War: Those with pricing power are raising prices, and profits are being divided among three countries. Europe is now even unfit to be used as fuel.

🇺🇸 United States: Computing Power Hegemony + Closed-Source Ecosystem
> Nvidia's market value at the end of 2022 was about $300 billion, now exceeding $4.3 trillion, a 14-fold increase
> Claude and GPT remain the strongest models, maintaining high prices of $5+/million tokens
🇰🇷 South Korea: HBM Memory Lifeline
> Without HBM, Nvidia's GPUs are useless
> South Korea holds two of the top global positions: Samsung and SK Hynix
> SK Hynix's operating profit margin in 2025 is 49%
> KOSPI has risen about 50% since early 2026, the top gain in global stock markets
🇨🇳 China: Open Source Bloodletting + Cutting Off Upstream
> DeepSeek dropped to $0.028/million tokens, only 1/180 of GPT
> Zhipu and MiniMax are rushing to list on Hong Kong stocks, subsidizing users with international capital, pushing token prices to the floor
> In upstream small metals and rare earths, tungsten prices surged nearly 5 times, Xianglu Tungsten's stock rose 485%, China Tungsten High-tech increased 478%