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Nvidia's New AI China Threat
And, XRP jumps amid ETF approval.
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Today is Monday, April 28, 2025.
The Early Bird Index today is 69.69
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Nvidia's New AI China Threat
A growing rival in China might challenge the artificial intelligence superiority of Nvidia $NVDA ( ▼ 0.09% ) and its semiconductors.
Details: The Wall Street Journal reported Sunday that China-based Huawei Technologies is preparing to test its newest and most powerful AI processor to overtake some of Nvidia’s high-end products. Neither company commented on the report.
Bigger Picture: This report comes amid a growing trade war between the United States and China, which could make it difficult for Nvidia to sell advanced chips in China.
Background: Around 13% of Nvidia’s global sales come from China.
Early Bird’s Nest Egg Gains: If Huawei produced chips that matched or surpassed Nvidia’s, Chinese firms, especially large cloud and AI companies, would likely adopt domestic alternatives, further eroding Nvidia’s access to this massive market.
The emergence of a credible Chinese rival could trigger negative investor sentiment.
While Huawei could dominate the Chinese market, it would be difficult for the company to displace Nvidia in the U.S due to geopolitical barriers.
Final Thoughts: Nvidia’s stock is down 19.74% this year.
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Notables
Notable Earnings Today: Domino's Pizza (Nasdaq: DPZ), Waste Management (NYSE: WM), NXP Semiconductors (Nasdaq: NXPI), F5 Networks (Nasdaq: FFIV), Nucor (NYSE: NUE), Roper (Nasdaq: ROP), Teradyne (Nasdaq: TER), BankUnited (NYSE: BKU), Transocean (NYSE: RIG), Welltower (NYSE: WELL), Cadence Design (Nasdaq: CDNS), InMode (Nasdaq: INMD), Ameris Bancorp (NYSE: ABCB), Beyond (NYSE: BYON), Amkor (Nasdaq: AMKR), Revvity (NYSE: RVTY), Alexandria RE (NYSE: ARE), Alliance Resource Partners (Nasdaq: ARLP), Bank of Marin Bancorp (Nasdaq: BMRC), Brown & Brown (NYSE: BRO), Cemex (NYSE: CX), Cincinnati Financial (Nasdaq: CINF), Crane (NYSE: CR), Crown Holdings (NYSE: CCK), CVR Energy (NYSE: CVI), Harmonic (Nasdaq: HLIT), Kforce (NYSE: KFRC), Leggett & Platt (NYSE: LEG), Noble (NYSE: NE), Opera (Nasdaq: OPRA), Piedmont Office Realty Trust (NYSE: PDM), PotlatchDeltic (Nasdaq: PCH), Rambus (Nasdaq: RMBS), SBA Communications (Nasdaq: SBAC), Simpson Manufacturing (NYSE: SSD), Ultra Clean Holdings (Nasdaq: UCTT), Woodward (Nasdaq: WWD).
Notable IPOs Today: N/A.
Notable Equity Crowdfunding Campaigns Ending Today: IZOLA Bakery (MicroVentures), Glydsphere (MicroVentures), ThermoShade (MicroVentures).
Notable Economic Events Today: N/A.
XRP Jumps Amid ETF Approval
The price of XRP $XRP.X ( ▼ 2.03% ) jumped about 3% on Sunday due to the approval of the ProShares Trust XRP ETF by the U.S. SEC this weekend.
Details: The launch of this ETF makes it easier for traditional investors to get direct exposure to XRP.
Also: A more positive market sentiment is also driving up cryptocurrency prices.
Final Thoughts: XRP’s price is up about 7% this year.
‘Sinners’ Triumphs Again for Warner Bros.
The film ‘Sinners,’ produced by Warner Bros Discovery’s $WBD ( ▼ 1.14% ) Warner Bros. Pictures, was once again the top movie at the box office for the second weekend in a row.
Final Thoughts: Warner Bros Discovery’s stock is down 19.42% this year.
Trends to Watch
Bad Times for Consumers: New Details Emerge on Trump Officials’ Sprint to Gut Consumer Bureau Staff (New York Times)
Not Looking: Market turmoil has many afraid to check retirement savings (Associated Press)
New Proposal: Ethereum community members propose new fee structure for the app layer (Cointelegraph)
Bitcoin Alert: ‘Major’ U.S. Dollar Fed Warning Braces Bitcoin For A BlackRock ‘Megaforce’ Price Shock (Forbes)
Big Week: April jobs report, Big Tech earnings in focus amid stock market recovery: What to know this week (Yahoo! Finance)
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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.