Greg Migliore, Autoblog Editor-in-Chief, joins Yahoo Finance’s Kristin Myers and Alexis Christoforous to discuss ongoing impacts of the chip shortage as General Motor car prices surge.
As we await Q1 earnings releases mid-week, with big banks such as JPMorgan (JPM), Wells Fargo (WFC) and Goldman Sachs (GS) reporting Wednesday morning, market activity necessarily pivoted on other issues.
Shares of NVIDIA (NASDAQ: NVDA) climbed today while shares of rivals Intel (NASDAQ: INTC) and AMD (NASDAQ: AMD) dipped after NVIDIA unveiled a new CPU that will put competitive pressure on the latter companies in the important market for data center processors. NVIDIA kicked off its annual GPU Technology Conference (GTC) today with a slew of announcements, but the unveiling of a new CPU easily stole the show as the most meaningful new product. The company has long specialized primarily in GPUs instead of CPUs, and NVIDIA's prior efforts to develop CPUs have been lackluster.