And because China's chips/capabilities are orders of magnitude behind ours (e.g. nvidia) which is why nvidia got peeved with the latest announcements of restrictions to export to that part of the world (though likely the new administration will strike it down, thus nvidia stock has rebounded).
But, that won't be the case forever. We can look at EV's (BYD) as the example of catching up when the innovation is one and it's mass production, operationalizing and commodotizing time.
There will certainly be huge losers, but the bigger risk is to sit idly and let the opportunity pass you by and you attrit to nothing slowly (then quickly). Unless you think AI is NOT going to be transformational in the way mobile or the internet was, then you keep your powder dry and play it safe, but I don't think many serious business or industry pundits are that contrarian or bearish on AI; today presently, since November 2022, and even before when AI was quietly being worked on.