Post-Callback: The Revaluation of US-China Giants

Compare the valuation and market capitalization of Chinese and U.S. giants after the April 2025 pullback, covering the technology (NVIDIA/Apple vs. Xiaomi/Tencent), consumer (Nike/Moutai), energy (ExxonMobil/PetroChina), and pharmaceuticals (Johnson & Johnson/Henrrui) tracks.U.S. technology giants market capitalization is absolutely leading (NVIDIA 238.2 billion vs. millet 5.3 billion), but China's consumer brands valuation counterparts (Maotai PE 22.5 > Nike 13.2).The U.S. and China's industrial game presents a dual-track pattern of "technological fault + consumer divide".

U.S. stock pullback rips open the true picture of global industrial discourse:

1. Technology generation gap solidification: Nvidia (PE 86.8) and Apple (PE 31.2) with AI chips and ecological monopoly, market capitalization exceeds Chinese counterparts by more than 10 times, reflecting the underlying technology generation gap;

2. Consumer valuation inversion: Moutai (PE 22.5) and Anta (PE 13.0) valuation crushed international competitors (Nike PE 8.2, Lululemon PE 29.2 is not listed), highlighting China'sThis highlights the closed premium and brand moat of China's consumer market;

3. Energy-pharmaceutical divide: valuation inversion between ExxonMobil (PE 13.2) and PetroChina (PE 5.7), and market capitalization divide between Johnson & Johnson (PE 20.0) and Hengrui (PE 4.2), exposing globalThe market capitalization gap between Johnson & Johnson (PE 20.0) and Hengrui (PE 4.2) exposes the differences in the logic of global industrial chain allocation.

4. Convergence of materials valuation: both Alcoa/Alcoa PEs are in the single digits and relatively close (8.7 vs 7.8), suggesting that the value anchors of commodity companies are more dependent on global market demand.

$Apple(AAPL)$ $NVIDIA(NVDA)$ $Amazon.com(AMZN)$ $TENCENT(00700)$ $XIAOMI-W(01810)$