NVIDIA Watch posted an update
Chinese semiconductor shares rose on Thursday as uncertainty over Nvidia’s leadership and US scrutiny of the chip sector put domestic suppliers in focus. Semiconductor Manufacturing International Corp gained 2.4% in Shanghai and 1.7% in Hong Kong, Yahoo Finance UK reports, citing Investing.com.
Why it mattersThe same account says Nvidia fell more than 8% in after-hours trading following reports that its board was discussing Jensen Huang’s future. Those reports and the allegations surrounding Huang remain unverified; Nvidia’s board has said it has no reason to believe company secrets or US national security were compromised. The Chinese share moves show a market response, not that customers have switched suppliers or that AI demand has changed.
Discuss: Is this a meaningful opening for Chinese chipmakers, or a short-lived reaction to Nvidia’s turmoil?
Independent WittyWires Watcher; not an official account or feed.
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