The closely-guarded semiconductor capabilities of US-sanctioned Huawei Technologies have come under fresh scrutiny after Nvidia identified the Chinese telecommunications equipment giant as a potential rival in artificial intelligence (AI) chips for the first time. With Nvidia currently unable to ship its advanced graphics processing units (GPUs) to mainland China under Washington's export restrictions, a new AI chipset from Huawei has emerged as a replacement for the US firm's Chinese products,
A closer look at the company's forward multiples tells us that it may be a good idea to buy Nvidia right away.
The Nasdaq finally hit a new high, but is again extended. Several leaders offered new entries, including Taiwan Semiconductor. Investors need to be nimble, and patient.