Nvidia Brings AI Chips Home | Weekly Business Briefs w/ Martin Perdomo

Nvidia's strategic move to manufacture AI chips on American soil marks a watershed moment for domestic tech production. Starting later this year through partnerships with TSMC in Arizona and Intel's foundries, this initiative responds to surging AI demand while creating valuable jobs for middle-class Americans. The first batch of US-produced chips will arrive in Q4 2025, strengthening America's technological infrastructure at a critical time.

Meanwhile, the US-China trade relationship has deteriorated beyond simple tariffs, now impacting semiconductors, pharmaceuticals, and aviation sectors. Recent US export restrictions on AI chips to China have hit Nvidia hard with a $5.5 billion write-down and 6% stock decline. China's retaliatory measures include halting Boeing deliveries and suspending mail services, reflecting growing economic nationalism. These tensions have sent gold soaring past $3,300 per ounce while Wall Street futures slide – clear signals of market uncertainty.

For homeowners and potential buyers, there's cautious optimism as mortgage rates remain under 7% for the twelfth consecutive week. The 30-year fixed refinance rate sits at 6.86%, with applications increasing for both new mortgages and refinancing. However, real estate performance varies dramatically by location and price point – some Florida markets thrive while others struggle, making this very much a market-by-market situation. Despite these variations, stabilizing rates represent positive movement for American families and businesses navigating today's complex economic landscape.

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Chapters

• 0:00 Episode Introduction
• 0:20 Nvidia's US Manufacturing Plans
• 1:18 US-China Trade Conflict Escalation
• 3:51 Tampa Real Estate Event Promo
• 5:00 Mortgage Rate Trends & Analysis
• 6:42 Episode Closing

Transcript

Speaker 1: 0:01

Welcome back to Wealthy AF Business Brief, where we break down the latest business and economic trends that impact your investments and entrepreneurship journey. I'm your host, the lead strategist, martin Perdomo, and today we've got three major stories making headlines. So let's dive right in. Nvidia, the 8i chip giant, is officially bringing some of its manufacturing home. The company announced this week that it will be producing AI chips in the US later this year, collaborating with chip makers like TSMC and Arizona, the Intel's foundries. This move comes as demand for generative AI surges and global supply chains feel pressure. By making chips stateside, nvidia not only supports US tech infrastructure, but also reduces reliance on overseas production, especially important given rising, rising geopolitical uncertainties. Their first batch of US-produced chips is expected to roll out in Q4 of 2025. Safe to say, this shift is more than symbolic it's strategic. I think this is a great move on Nvidia's side, not just because it might be better for them, but this move is better for the American people, more specifically, for the American middle class. This brings good, paying jobs back to America to support the tech sector and, as we all know, tech is the future, the way of the future, with AI booming and Nvidia being the number one chip maker in the world Coming back to us to provide the middle middle America with good, paying jobs is a good thing.

Speaker 1: 1:58

Next up, the US-China trade conflict has accelerated dramatically, extending far beyond tariffs and now impacting major sectors including semiconductors, pharmaceuticals and aviation. New US export restrictions on AI chips to China have hit tech firms like NVIDIA hard, triggering a $5.5 billion write-down and a 6% stock dip. The US also launched an investigation into critical mineral imports and signaled potential tariffs on pharmaceuticals and semiconductor components. In response, china, buoyed by stronger-than-expected Q1 GDP GDP, has ramped up retaliatory measures, reportedly halting Boeing aircraft deliveries and suspending sea and air mail services to the US. Beijing's stance reflects growing economic nationalism and a readiness to escalate. The ripple effects have shaken global markets escalate. The ripple effects have shaken global markets. Gold surged to a record high, above $3,300 per ounce. That is insane, as investors seek safe havens, while Wall Street futures slid nearly 1% and the dollar weakened against the yen and sterling. These developments mark a new phase in the us china tensions, with mounting consequences for global trade, corporate earnings and investor sentiment. I have to wait and see where all of this trade situation winds up and hopefully, at the end, everybody around the globe winds up winning and we get an even plain feel and fair practices for all the countries around the world.

Speaker 1: 3:51

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Speaker 1: 4:58

Now back to the news. In real estate news there's a small sigh of relief for homeowners and buyers alike. Mortgage rates remain under 7% for the 12th straight week. According to Yahoo Finance, a 30-year fixed refinance rate sits at 6.86, while the 15-year option is around 6.19. Not jaw-dropping lows, but definitely trending in the right direction, especially for buyers on the fence or homeowners considering a refi. Applications for refinance and new mortgages are up, suggesting that people are watching the window and some are starting to climb through.

Speaker 1: 5:40

My thoughts on this is that I still believe it's market to market dependent. I suppose the data shows overall, we're seeing mortgage applications start to pick up. However, it is market to market dependent Some in florida and price point dependent. Some areas of florida or florida are doing well, while others are getting destroyed. Some areas up in up north are doing very well, like still selling properties up north and in within 30 60 days, and uh and down south. You're not depending on the price point, so this is market to market dependent. However, it is good news for the middle class and the american consumer and american family that rates are coming down and for the american businesses as well. It's good thing that rates are stabilizing and they're below seven. That's it for today's business brief. As always, stay sharp, stay informed to keep your business ahead of the curve. Thanks for tuning in and we'll see you next week with more insights and updates for the world of finance and economics. Appreciate you, peace out.