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Developments in AI Chip Stocks: Taiwan Semiconductor, Nvidia, ...
2024-07-22 14:59:08
Stocks
Tech
Artificial Intelligence

Developments in AI Chip Stocks: Taiwan Semiconductor, Nvidia, AMD, Alibaba, Chinese EV Stocks, and Chip Equipment Companies

Last week, stocks of Taiwan Semiconductor, Nvidia, and AMD fell due to various factors such as Biden's withdrawal from the 2024 race, U.S. sanctions on China's semiconductor industry, and Trump's suggestion that Taiwan should compensate the U.S. for defense.

Nvidia is developing a new AI chip 'B20' to meet U.S. export restrictions for China, while China lowered key interest rates, benefiting the AI chip market. However, China faces economic challenges, including weak growth and deflation.

Chinese stocks like Alibaba, Baidu, JD.com, PDD, and Bilibili also experienced gains and losses. Israeli chip inspection firms Camtek and Nova saw stock declines amid US-China tensions, while Tower Semiconductor was less affected.

Chinese EV stocks Nio, Xpeng, and Li Auto saw gains. Nvidia is also preparing a China-compatible version of its new Blackwell AI chip series with partner Inspur.

Related news on that topic:

Stock Market Today: Asian shares fall after Wall St ends worst ... 2024 race

Asian stocks fell after Biden's withdrawal from the 2024 race, while China cut rates and a global tech outage affected flights, banks, and healthcare. CrowdStrike was blamed for the tech outage, but rivals gained. US futures remained flat, while oil prices rose. The Nikkei was down 1.3%, the Hang Seng was up 0.8%, and the Shanghai was down 0.7%. Meanwhile, the dollar edged lower following Biden's exit, and investors assessed the impact of his departure and the endorsement of Vice President Kamala Harris. Trump's comments on Taiwan rattled global markets, leading to a slump in tech stocks, including Taiwan Semiconductor, ASML, Nvidia, AMD, and Micron. The S&P 500 and Dow also indicated a decline. Johnson & Johnson's earnings beat expectations, but the company trimmed its profit forecast. The stock market faced a summer slump as the tech rally faded, and political risks rose.

The press radar on this topic:

Yahoo News
22. Juli 2024 um 04:02

Nvidia preparing version of new flagship AI chip for Chinese market, sources say

Nvidia is developing a China-specific version of its new Blackwell AI chip series, including the high-performance B200 chip, to comply with tightened U.S. export controls implemented in 2023 to prevent breakthroughs in supercomputing that could aid China's military. The company is partnering with major Chinese distributor Inspur on the launch and distribution of the "B20" chip for the Chinese market, set for mass production later this year. This report was written by Fanny Potkin in Singapore.
Yahoo News
22. Juli 2024 um 04:02

Exclusive-Nvidia preparing version of new flagship AI chip for Chinese market, sources say

Technology
Politics
Economy
Finance
Nvidia is developing a China-compatible "B20" version of its new "Blackwell" AI chip series, 30 times speedier than its previous offering, to be launched with partner Inspur. Nvidia's existing "H20" chip for China has seen rapidly growing sales, expected to reach over 1 million units worth $12 billion this year. The U.S. has tightened export controls on advanced semiconductors to China and plans to further restrict chipmaking equipment exports to China.
Yahoo Finance
22. Juli 2024 um 04:02

Nvidia preparing version of new flagship AI chip for Chinese market, sources say

Technology
Economy
Politics
Nvidia works on China-compatible flagship AI chips for Blackwell series, including B20, following US export controls. New processors like B200, 30 times faster than predecessors, to be launched with Inspur's help.
Yahoo Finance
22. Juli 2024 um 10:13

What's Going On With Alibaba And Other Chinese Stocks On Monday?

Finance
Economy
Technology
Politics
China cuts rates, bond yields fall; Alibaba, Baidu, JD.com gain on Nvidia's new China AI chip; Alibaba faces headwinds from IPO cancellations, e-commerce rivalry; PDD stock gains 69%; Bilibili stock loses 32% in 12 months.
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