Asks Dan Ives about significance of US approval for Nvidia to sell AI chips to China
Scott
Dan Ives
Calls it a watershed moment - preventing Huawei/China tech from gaining advantage, represents $15-20B annual opportunity, shows US tech ahead of China for first time in 30 years
Questions why Nvidia stock is only up 1% if this is truly watershed moment
Scott
Dan Ives
Views this as start of opening US-China relationship, expects more Nvidia sales to China not baked into stock price, street is underreacting
Notes China could reject, market cautious due to outdated chips (18 months old) and other factors
Scott
Dan Ives
Nvidia chips still 1-2 years ahead of Huawei, China tech companies want Nvidia chips despite public statements, only one chip fuel for AI revolution
Dan Ives
Bullish for big tech, bullish for AMD and others due to improving US-China relations
Asks about dispersion among hyperscalers/mega-caps and whether all can outperform
Scott
Dan Ives
AI revolution is top of 3rd inning, consumer AI revolution with Apple hasn't even started, will see market separate winners/losers later
Dan Ives
Can be more bullish on certain mega-caps versus others, characterizing A/B/C groups