Is Nvidia set to hit an air pocket on new US export restrictions?

Link to slide deck: https://bit.ly/42WYm5O   -

Today, our top story is the news that broke late yesterday suggesting the Biden administration may look at slapping new export restrictions on AI-related chips and how this casts a shadow on Nvidia's recent explosive share price rise. The news took Nvidia and AMD shares sharply back lower after the close yesterday. We delve into whether Nvidia's recent blowout quarter is in part due to panic buying from China ahead of anticipated restrictions and whether its longer term guidance is over-reliant on Chinese demand that may not be realized due to these restrictions. Elsewhere, we look at the latest moves in FX and commodities, where gold is under pressure near key support and crude oil is also languishing near cycle support. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.

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Intro and outro music by AShamaluevMusic