Stock Movers Nvidia's Huawei Threat; Tesla Leads Mag 7; Deliveroo's DoorDash Bid
Apr 28, 2025
Nvidia is facing a potential challenge from Huawei, which is developing its own AI processor to compete against it. Tesla, despite recent earnings setbacks, is seeing rising stock prices as Elon Musk shifts focus back to the company. Meanwhile, Deliveroo's shares surged after DoorDash made a cash offer for acquisition, valued at about $3.6 billion. The podcast delves into these market dynamics, revealing the fierce competition and strategic maneuvers among tech and delivery giants.
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China's Chip Industry Resilience
- Huawei Technologies is testing a new AI chip, Ascend 910D, to possibly rival Nvidia's H100.
- This shows resilience in China's semiconductor industry despite U.S. restrictions.
Tesla's Price Strategy in Canada
- Tesla raised prices in Canada up to 22%, pushing buyers to order pre-tariff inventory.
- The price gap encourages faster purchases of existing inventory versus new orders.
Deliveroo's DoorDash Bid Surge
- Deliveroo shares jumped 18% after a DoorDash acquisition offer valuing it at $3.6 billion.
- Amazon holds 14% in Deliveroo but likely won't counterbid DoorDash.