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NVDA Jul 2024 740.000 call

OPR - OPR Delayed price. Currency in USD
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455.96-9.37 (-2.01%)
As of 09:45AM EDT. Market open.
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    Strategist on Nvidia chips: AI coming to a halt is 'fiction'

    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 afternoon following this report. Moor Insights & Strategy founder, CEO, and chief strategist Patrick Moorhead joins Market Domination Overtime to discuss his outlook on the semiconductor giant. Moorhead states he is "not surprised" by this move, noting that "it makes sense" for Nvidia. He explains that since full-spec Nvidia chips are "easy to pull in" and import into China, the Department of Commerce is likely seeking a "not full-spec" alternative that the Chinese military couldn't use. 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. "This whole notion of AI coming to a screeching halt anytime soon is fiction," he tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith

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