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.
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