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Despite China Issues, Nvidia (NVDA) Sees Strong Demand for Blackwell Chips

NVIDIA Corporation (NASDAQ:NVDA) is one of the 15 Best Aggressive Growth Stocks to Buy Right Now. On November 7, Reuters reported that NVIDIA Corporation’s (NASDAQ:NVDA) CEO Jensen Huang stated that there are no active talks about selling the company’s latest Blackwell AI chips to China. The Trump administration has stopped these chips from being sold to China because of concerns that they could help the Chinese AI industry and military.

The US has permitted NVIDIA Corporation (NASDAQ:NVDA) to sell its H20 chip in China, but Huang has repeatedly made it clear that China does not want NVIDIA Corporation (NASDAQ:NVDA) products to serve the Chinese market. As a result, the company’s market share is zero in China. Huang said he hopes China will change its policy.

The company’s CEO also clarified his recent comments that were quoted in a Financial Times report. Huang explained that he did not say China would win the AI race. Instead, he said China has “very good AI technology.” He also mentioned that half of the world’s AI researchers are in China and the most popular open-source AI models come from China. NVIDIA Corporation’s (NASDAQ:NVDA) CEO said China is moving “very very fast,” and the US must also move incredibly fast to stay competitive.

Despite these challenges with China, on November 8, Reuters reported that Huang said NVIDIA Corporation (NASDAQ:NVDA) faces “very strong demand” for its Blackwell chips. The company has also increased its demand for wafers from Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM).

When asked about memory shortages, NVIDIA Corporation’s (NASDAQ:NVDA) CEO said business is growing well but there will be shortages in different areas. He pointed out that the company has “three very, very good memory makers – SK Hynix, Samsung, Micron – are all incredibly good memory makers, and they have scaled up tremendous capacity” to support NVIDIA Corporation (NASDAQ:NVDA).

NVIDIA Corporation (NASDAQ:NVDA) is an American multinational technology company known for producing graphics processing units (GPUs), AI hardware and software, and high-performance computing (HPC) solutions.

While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NVDA and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 12 Best American Penny Stocks to Buy Right Now and 12 Best Performing Stocks in the Last 3 Months.

Disclosure: None. This article is originally published at Insider Monkey.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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