China is accelerating homegrown AI chip development to counter US restrictions. Alibaba, MetaX, and Huawei are innovating with new chips for inference, though advanced AI model training remains a challenge. Despite hurdles, experts believe China could soon rival US AI tech.
CoreWeave thrives amid immense AI compute demand & Nvidia supply constraints. As an Nvidia partner with preferential GPU access, CoreWeave provides overflow access, turning Nvidia's Q2 earnings (due to supply issues) into a positive for CoreWeave's growth.
Nvidia CEO Jensen Huang projects a multi-trillion-dollar AI market by decade-end, fueling a "new industrial revolution". Despite strong Big Tech demand, Nvidia faces a tepid forecast and US-China trade tensions, including export restrictions and potential revenue cuts on China sales.
The Trump administration is seeking equity in semiconductor companies receiving CHIPS Act funds, signaling a major shift from traditional subsidies. Still, the Commerce Department is "not looking to take equity from TSMC and Micron."
US President Trump's 100% chip tariffs feature key exemptions for companies manufacturing domestically, benefiting giants like TSMC, Samsung, and Apple with their significant US investments.
