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Nvidia's Moves in China and Broadcom's Challenge
2024-07-24 05:50:09
Tech
Business

Nvidia's Moves in China and Broadcom's Challenge

Nvidia's stock rises on the development of a new China-focused AI chip and Blackwell GPU architecture amid export restrictions, targeting the lucrative Chinese market. Analysts anticipate valuable insights from Nvidia CEO Huang's upcoming speech at Siggraph.

Meanwhile, Nvidia faces challenges as it develops chips to bypass US controls, with the H20 chip potentially facing a ban. On the competition front, Broadcom is emerging as a strong rival, aiding tech giants in custom AI chip development.

With Broadcom's market share dominance in data center/AI Ethernet switching and routing chipsets, the company aims to tap into the vast AI silicon market, challenging Nvidia's position in the semiconductor sector.

Related news on that topic:

Prominent Billionaires Shifting Investments Away from Nvidia to ... Stocks

Prominent billionaires are selling Nvidia stock due to concerns about the AI bubble, high valuation, and competition. Instead, they are investing in Plug Power, a hydrogen fuel-cell company, and Sea Limited, a Singapore-based firm with a growing digital entertainment segment. Alphabet, the parent company of Google, is also a popular AI stock among billionaires. Broadcom's AI-related revenue is expected to grow significantly. Nvidia's adaptation of chips for China and its upcoming Blackwell architecture are causing fluctuations in its stock price. Serve Robotics, despite a significant increase in stock value, has high customer concentration. Nvidia's current pullback is due to concerns about China, but history suggests a potential rebound. Investors should focus on Nvidia's future growth prospects, including the launch of Blackwell architecture.

The press radar on this topic:

The Street
24. Juli 2024 um 12:27

Analyst puts Nvidia stock on watch; report points to new China chip TheStreet Daily Newsletter

Technology
Finance
Politics
Nvidia shares rose as analysts remain bullish, citing new China-focused AI chip and Blackwell GPU architecture. Nvidia is adapting chips for China amid export restrictions, as China accounted for $10.4 billion in revenues. Finance chief expects China market to remain 'very competitive'. Nvidia CEO Huang to speak at Siggraph, where Citi expects insights on client infrastructure monetization. Nvidia told investors Q2 revenue would rise to $28 billion, but Blackwell system won't ship until 2H 2024...
Asia Times
23. Juli 2024 um 22:02

Nvidia said to launch new AI chip for China

Technology
Politics
Economy
Nvidia developing B20 chip for China to bypass US export controls, but H20 chip may be banned in October. Smuggling of banned A100 chips to China via overseas students. Nvidia's powerful CUDA platform fuels Chinese demand for H20, with estimated 1 million units worth $12 billion sold this year. Major Chinese tech firms like Alibaba, Tencent, Baidu testing H20 chips. US may extend controls to other Asian countries, drawing China's criticism of politicizing trade and technology.
Yahoo Finance
23. Juli 2024 um 20:45

Broadcom To Challenge Nvidia Dominance? Analyst Says Jensen Huang-Led Chip Giant's Competitor Is 'Catching Up'

Economy
Technology
Finance
Broadcom, a semiconductor company, is challenging Nvidia's dominance in the AI stock market. Broadcom is assisting cloud giants like Alphabet and Amazon in developing customized AI chips, and has a commanding 80% market share in the $5-7 billion data center/AI Ethernet switching and routing chipset market. However, Broadcom's stock still lags behind Nvidia's, which could achieve a market capitalization of nearly $50 trillion within the next decade. Despite a mixed sentiment, Citi maintains a p..
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