Nvidia (NVDA) is reportedly developing a new Blackwell AI chip for the Chinese market, according to Reuters. The company's shares are trading higher Monday...
Moor Insights & Strategy founder, CEO, and chief strategist Patrick Moorhead joins Market Domination Overtime to discuss his outlook on the semiconductor giant.
Addressing the recent rebound of semiconductor stocks after political pressures, Moorhead observes that"regardless of what administration" takes office as a result of the 2024 election,"there is going to be a reaction." However, with China being a leading exporter of chips to the US, he believes investors are realizing that companies like Nvidia will see increased sales.
Uh in regards to if you need to ask the Department of Commerce for permission to do something and there was a red, yellow, uh green that, that came out of it.I think the, the Department of Commerce knows that it's not impossible for people to import uh full spec uh NVIDIA data center gear in, into China because essentially they're, they're the pack of a, they're the size of a carton of cigarettes.
They look at the history of this tit for tat and now they are making decisions on something that they can put the odds on.And also the realization that because there's so much downstream FOMO for people who use NVIDIA or a MD GP us that this whole notion of A I come to coming to a screeching halt anytime soon is fiction.
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