Trump Says 'We'll See' If There Will Be EU Deal Ahead of Sunday Meeting: Q&A
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22 minutes ago
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NVIDIA's (NVDA) AI Chips in High Demand Despite Export Limits — Jefferies Weighs In
NVIDIA Corporation (NASDAQ:NVDA) is one of the . On July 28, Jefferies noted that Nvidia's H20 AI chip stockpile (600K–900K units) falls short of China's demand. This demand, it noted, could reach 1.8M units now that there has been a temporary relief in U.S. export restrictions. 'We believe as long as the U.S. and China are in a 'truce' state for trade negotiation, NVDA will be allowed to meet reasonable China demand.' It further said that 'NVDA likely has delivered ~300K in 1Q25,' roughly in line with pre-ban levels. Regardless of these supply limits, the firm noted that Chinese firms are still after these Nvidia chips owing to their CUDA ecosystem, superior performance, and limited local alternatives. This strong demand is anticipated to continue even for downgraded future chips like the upcoming B30 (Q4 2025). The firm further anticipated that there is going to be a next-generation chip, the B30, which will likely be revealed in the fourth quarter of 2025. The B30 will have 'reduced memory specs to comply with a likely new criterion for AI chip export control.' The firm has raised China's 2025 AI capex forecast by 40% to $108B. It did note that capital spending by China's internet firms exhibits temporary weakness in the second quarter due to GPU rental supply, but believes that this 'does not represent a slowdown in Internet players' AI efforts.' NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, robotics, and cloud services. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio
Yahoo
22 minutes ago
- Yahoo
US Copper Prices Plunge as Trump Tariffs Exclude Refined Metal
(Bloomberg) -- US copper prices collapsed by more than 19% in minutes after US President Donald Trump excluded the most widely imported form of copper from his planned import tariffs. The World's Data Center Capital Has Residents Surrounded An Abandoned Art-Deco Landmark in Buffalo Awaits Revival Budapest's Most Historic Site Gets a Controversial Rebuild San Francisco in Talks With Vanderbilt for Downtown Campus We Should All Be Biking Along the Beach Tariffs of 50% will apply to imports of semi-finished copper products from Aug. 1, but not to imports copper ore or cathodes, the White House said on Wednesday. The move sent shockwaves through the global copper market, after months in which US copper futures have been trading far above the rest of the world in anticipation of Trump's import tariffs. US copper futures on Comex tumbled by more than 19% after the announcement, the largest intraday fall on record. Until Wednesday afternoon, US copper prices had been trading around 28% above benchmark copper futures on the London Metal Exchange, as traders anticipated the tariff would be applied to all refined metal imports. The move to exclude refined copper — known as cathodes — from the tariffs is likely to further upend global trade flows of the metal, which plays a crucial role in the global economy thanks to its widespread use in electrical wiring. Traders have shipped huge volumes of copper to the US in recent months in an attempt to front run the tariffs — a huge stockpile that now may be re-exported. US copper miner Freeport-McMoRan Inc. dropped more than 8%. Russia Builds a New Web Around Kremlin's Handpicked Super App Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Everyone Loves to Hate Wind Power. Scotland Found a Way to Make It Pay Off Cage-Free Eggs Are Booming in the US, Despite Cost and Trump's Efforts ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22 minutes ago
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Trump signs order implementing additional 40% tariff on Brazil, White House says
WASHINGTON (Reuters) -U.S. President Donald Trump signed an executive order implementing an additional 40% tariff on Brazil, bringing the total tariff amount to 50%, the White House said on Wednesday, citing Brazil's recent policies that the Trump administration disagrees with. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
