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

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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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Episode Transcript

Speaker 1 (00:01):
Welcome back to Wealthy AF Business Brief, where
we break down the latestbusiness and economic trends
that impact your investments andentrepreneurship journey.
I'm your host, the leadstrategist, martin Perdomo, and
today we've got three majorstories making headlines.
So let's dive right in.
Nvidia, the 8i chip giant, isofficially bringing some of its

(00:25):
manufacturing home.
The company announced this weekthat it will be producing AI
chips in the US later this year,collaborating with chip makers
like TSMC and Arizona, theIntel's foundries.
This move comes as demand forgenerative AI surges and global

(00:46):
supply chains feel pressure.
By making chips stateside,nvidia not only supports US tech
infrastructure, but alsoreduces reliance on overseas
production, especially importantgiven rising, rising
geopolitical uncertainties.
Their first batch ofUS-produced chips is expected to

(01:08):
roll out in Q4 of 2025.
Safe to say, this shift is morethan symbolic it's strategic.
I think this is a great move onNvidia's side, not just because
it might be better for them,but this move is better for the
American people, morespecifically, for the American

(01:30):
middle class.
This brings good, paying jobsback to America to support the
tech sector and, as we all know,tech is the future, the way of
the future, with AI booming andNvidia being the number one chip
maker in the world Coming backto us to provide the middle

(01:52):
middle America with good, payingjobs is a good thing.
Next up, the US-China tradeconflict has accelerated
dramatically, extending farbeyond tariffs and now impacting
major sectors includingsemiconductors, pharmaceuticals
and aviation.
New US export restrictions onAI chips to China have hit tech

(02:16):
firms like NVIDIA hard,triggering a $5.5 billion
write-down and a 6% stock dip.
The US also launched aninvestigation into critical
mineral imports and signaledpotential tariffs on
pharmaceuticals andsemiconductor components.
In response, china, buoyed bystronger-than-expected Q1 GDP

(02:42):
GDP, has ramped up retaliatorymeasures, reportedly halting
Boeing aircraft deliveries andsuspending sea and air mail
services to the US.
Beijing's stance reflectsgrowing economic nationalism and
a readiness to escalate.
The ripple effects have shakenglobal markets escalate.

(03:08):
The ripple effects have shakenglobal markets.
Gold surged to a record high,above $3,300 per ounce.
That is insane, as investorsseek safe havens, while Wall
Street futures slid nearly 1%and the dollar weakened against
the yen and sterling.
These developments mark a newphase in the us china tensions,
with mounting consequences forglobal trade, corporate earnings

(03:30):
and investor sentiment.
I have to wait and see whereall of this trade situation
winds up and hopefully, at theend, everybody around the globe
winds up winning and we get aneven plain feel and fair
practices for all the countriesaround the world.

(03:51):
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(04:57):
events.
Now back to the news.
In real estate news there's asmall sigh of relief for
homeowners and buyers alike.
Mortgage rates remain under 7%for the 12th straight week.
According to Yahoo Finance, a30-year fixed refinance rate
sits at 6.86, while the 15-yearoption is around 6.19.

(05:20):
Not jaw-dropping lows, butdefinitely trending in the right
direction, especially forbuyers on the fence or
homeowners considering a refi.
Applications for refinance andnew mortgages are up, suggesting
that people are watching thewindow and some are starting to
climb through.

(05:40):
My thoughts on this is that Istill believe it's market to
market dependent.
I suppose the data showsoverall, we're seeing mortgage
applications start to pick up.
However, it is market to marketdependent Some in florida and
price point dependent.
Some areas of florida orflorida are doing well, while

(06:02):
others are getting destroyed.
Some areas up in up north aredoing very well, like still
selling properties up north andin within 30 60 days, and uh and
down south.
You're not depending on theprice point, so this is market
to market dependent.
However, it is good news forthe middle class and the

(06:25):
american consumer and americanfamily that rates are coming
down and for the americanbusinesses as well.
It's good thing that rates arestabilizing and they're below
seven.
That's it for today's businessbrief.
As always, stay sharp, stayinformed to keep your business
ahead of the curve.
Thanks for tuning in and we'llsee you next week with more

(06:45):
insights and updates for theworld of finance and economics.
Appreciate you, peace out.