The Push And Pull Of Sino-American Chip Politics [Forbes]
ACM Research, Inc. - Class A (ACMR)
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Source: Forbes
Getty Images Looking through a lot of the market news that's coming out around AI-related hardware, it occurred to me that there's an ongoing thread around a geopolitical issue that maybe doesn't get as much attention as it should. The U.S. and Chinese empires are major superpowers in their own jurisdictions – but those two territories are becoming merged when it comes to driving the frontier of innovations around artificial intelligence and LLMs. To that point, we have a brand-new headline about the Chinese government trying to slap Nvidia with an antitrust suit based on its acquisition of Mellanox, the Israeli-based Ethernet and networking company that Nvidia acquired in 2020. Apparently, when the Chinese approved the deal, they maintained that the company needed to operate a significant Chinese market, and due to those rules, the Mellanox acquisition could be retroactively denied if that's not happening. So if the U.S. would freeze out China to any great extent, that wou
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- ACM Research, Inc. (NASDAQ: ACMR) was downgraded by analysts at Craig Hallum from a "buy" rating to a "hold" rating. They now have a $18.00 price target on the stock.MarketBeat
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- 11/29/24 - Form 4
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