Bloomberg Technology Nvidia, ASML Drive Global Tech Rout, Lyft Buys Into Europe
Apr 16, 2025
Join Michael Shepard, Bloomberg Technology Editor, and Peter Elstrom, executive editor based in London, as they explore the pressures facing chipmakers like Nvidia and ASML due to U.S. tariff policies. They discuss Lyft's strategic acquisition of FreeNow to expand into Europe and the implications for its growth and tech integration. Additionally, the conversation touches on antitrust challenges within the tech sector and the need for the U.S. to bolster its leadership in critical technologies like AI and quantum computing.
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US Chip Export Controls Impact Nvidia, AMD
- New U.S. export controls on Nvidia and AMD chips for China deeply impact their revenues and require license applications.
- These lower-power chips still enable advanced AI inference, prompting administration restrictions to curb China's technological gains.
ASML Earnings Miss Shows Tariff Risks
- ASML's $1B order miss reflects tariff uncertainty and demand fears in chip equipment.
- Tariffs on $380M machines risk slowing US chip capacity growth desired by the administration.
Investor Reacts to Nvidia China Tech Restrictions
- Investor Denny Fish was surprised by the sudden tough restrictions on Nvidia, despite earlier reports of agreement.
- He sees the China revenue decline as long anticipated and finds Nvidia can redirect supply given ongoing global chip supply constraints.