TRUMP THREATENS BRICS BUT DISSONANCE WITH BITCOIN, BIDEN MOVES TO SLOW CHINA AI PROGRESS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
AI Progress
Please click here for a chart of semiconductor ETF (SMH).
Note the following:
- The Biden Administration is putting more restrictions on the export of chips and chip manufacturing equipment to China to further slow artificial intelligence development in China. A special target of the new restrictions is high bandwidth memory used in artificial intelligence.
- The chart shows that semiconductor ETF SMH is at the top band of the support zone.
- For most of this bull market, semiconductors have been the leading sector.
December 2, 2024