This chapter explores the recent drop in Nvidia's stock due to a subpoena from the U.S. Justice Department related to potential antitrust violations in the A.I. processor market. The discussion covers Nvidia's response, its implications for the company and the semiconductor industry, as well as the competitive landscape against rivals like Intel and AMD. Additionally, it examines the impact of regulatory scrutiny on stock performance and market dynamics within the tech sector.
Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Steven Blitz, Chief US Economist at TS Lombard, shares his thoughts on the Fed's Beige Book results and his outlook for rate cuts. Bloomberg News US Semiconductor Reporter Ian King and Bloomberg News US Economic and Industrial Policy Reporter Mackenzie Hawkins break down all the latest news in the world of semiconductors. Josh Patterson, CEO of Voltron, discusses using the same chips that power AI for big data operations. And we Drive to the Close with Thomas Raymond, Investment Management Partner at Callan Family Office.
Hosts: Tim Stenovec and Emily Graffeo. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.