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INTC Aug 2024 43.000 call
- Yahoo Finance Video
CHIPS Act is a 'diversified bet': Fmr. CHIPS coordinator
Nvidia (NVDA) is set to report its earnings on Wednesday amid strained relations between the US and China. Former White House CHIPS Coordinator Aaron "Ronnie" Chatterji joins Catalysts to discuss what these tensions mean for Nvidia and the chip sector as a whole. "Five to 10 years from now, you're going to see mega factories producing chips across the United States," Chatterji explains, pointing to funding provided by the Biden Administration's CHIPS Act. He adds that the act "is a diversified bet," as it invests in multiple firms and different kinds of chips to boost all parts of the sector. The CHIPS Act will also create new jobs, which will require training programs to be established all over the country. "It is a big hill to climb and we got to start working on it as fast as we can," Chatterji says. Chatterji explains the act is about "building a strong industrial base in the United States for key technologies," and is both a national security and supply chain measure. He argues restrictions do not negatively impact chip companies, explaining, "You can see this with Nvidia in particular. Every time the new export controls have been announced, they designed compliant chips to send to other parts of the world. So as long as you have the interaction between the major chip designers, the companies that are manufacturing them, and all across the tech stack with knowledgeable people inside the government, I think you can get that balance right and that's what you're seeing so far." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Investing.com
Street calls of the week: Upgrades for Intel and Robinhood; downgrade for SunPower
Investing.com -- Here is your Pro Recap of the top takeaways from Wall Street analysts for the past week: upgrades for Intel, Robinhood (NASDAQ:HOOD) and Boston Beer (NYSE:SAM); downgrade for SunPower (NASDAQ:SPWR).
- Yahoo Finance Video
Nvidia's long-term growth is uncertain: Analyst
Nvidia (NVDA) will post its first quarter earnings for the 2024 fiscal year next week, with many on Wall Street watching closely as the tech giant led recent rallies in the tech sector. One of the chip giant's competitors, AMD (AMD), has just partnered with Microsoft (MSFT) to offer its products to Microsoft's cloud computing customers. Wedbush Equity Research SVP Matt Bryson and Truist Securities Managing Director William Stein join Market Domination to give insight into what investors should expect from Nvidia's earnings, how AMD stands in the sector, and how investors should navigate the chip sectors. Stein argues that Nvidia's short-term future is most likely successful, but uncertainty mounts down the line: "I think certainly they're going to beat this quarter. And I think they're going to beat in the out quarter guide as well. But I think the real question is what happens through this year and into next year's numbers. Does the company give us an indication that we're going to continue to see growth and very strong demand, both for units and for integrated systems, where the company is getting the growth from?" For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
