Monday, June 9, 2025

Creating liberating content

Related News

India’s life insurance sector kicked off the financial year 2025-26 on a strong note, with a 10.8% jump in new business premium collections during the April-May period, according to data

Pakistan FM said that GDP growth increased from -0.2pc in 2023 to 2.5pc in 2024. (AI image) Pakistan’s total debt has risen to PRs 76,000 billion during the initial nine

Bombay high court (File photo) NEW DELHI: The Bombay high court on Monday set aside the order of a Pune-based engineering college to rusticate a student over her post on

Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty

Parineeti Chopra and Raghav Chadha’s stylish appearance at the French Open final in Paris has captured attention. Parineeti sported a chic white Zara co-ord set, consisting of a crochet shirt

NEW DELHI: Kolkata Police on Monday arrested Wazahat Khan Qadri — the complainant in the case against Instagram influencer Sharmistha Panoli — in connection with a hate speech case.This comes

Trending News

Pakistan FM said that GDP growth increased from -0.2pc in 2023 to 2.5pc in 2024. (AI image) Pakistan’s total debt has risen to PRs 76,000 billion during the initial nine

Cosmetics maker L’Oreal agreed to acquire a majority stake in British skincare brand Medik8, in a strategic move to strengthen its presence in the booming skincare market. The French beauty

After three years of double-digit growth, India’s hospitality sector is expected to settle into a steadier pace, with revenue projected to rise by 6-8% in FY2026, a report by the

Amazon on Monday announced a $20 billion investment to develop two data centre complexes in Pennsylvania, adding to the billions of dollars that Big Tech’s have already poured into the

Maharashtra train mishap (Pic credit: PTI) NEW DELHI: In the wake of Maharashtra train mishap, Railway minister Ashwini Vaishnaw and railway board officials proposed major changes in the design and

Wall Street stocks traded flat on Monday as investors watched closely for signs of progress in trade talks between the US and China, the world’s two largest economies.The S&P 500

Nvidia positioned to weather Trump tariffs, says Altimeter’s Gerstner

Word Count: 327 | Estimated Reading Time: 2 minutes


Altimeter CEO Brad Gerstner is buying Nvidia

Altimeter Capital CEO Brad Gerstner said Thursday that he’s moving out of the “bomb shelter” with Nvidia and into a position of safety, expecting that the chipmaker is positioned to withstand President Donald Trump’s widespread tariffs.

“The growth and the demand for GPUs is off the charts,” he told CNBC’s “Fast Money Halftime Report,” referring to Nvidia’s graphics processing units that are powering the artificial intelligence boom. He said investors just need to listen to commentary from OpenAI, Google and Elon Musk.

President Trump announced an expansive and aggressive “reciprocal tariff” policy in a ceremony at the White House on Wednesday. The plan established a 10% baseline tariff, though many countries like China, Vietnam and Taiwan are subject to steeper rates. The announcement sent stocks tumbling on Thursday, with the tech-heavy Nasdaq down more than 5%, headed for its worst day since 2022.

The big reason Nvidia may be better positioned to withstand Trump’s tariff hikes is because semiconductors are on the list of exceptions, which Gerstner called a “wise exception” due to the importance of AI.

Nvidia’s business has exploded since the release of OpenAI’s ChatGPT in 2022, and annual revenue has more than doubled in each of the past two fiscal years. After a massive rally, Nvidia’s stock price has dropped by more than 20% this year and was down almost 7% on Thursday.

Gerstner is concerned about the potential of a recession due to the tariffs, but is relatively bullish on Nvidia, and said the “negative impact from tariffs will be much less than in other areas.”

He said it’s key for the U.S. to stay competitive in AI. And while the company’s chips are designed domestically, they’re manufactured in Taiwan “because they can’t be fabricated in the U.S.” Higher tariffs would punish companies like Meta and Microsoft, he said.

“We’re in a global race in AI,” Gerstner said. “We can’t hamper our ability to win that race.”

WATCH: Brad Gerstner is buying Nvidia



Source link

Sign In

Welcome ! Log into Your Account