Ray Blanco:

Nvidia Faces a New Threat From Huawei

Chinese tech giant Huawei is getting ready to test powerful, new AI chips that could rival those made by Nvidia (NVDA).

Huawei Technologies will receive its first shipment of Ascend 910E chips from manufacturers as soon as the end of May, The Wall Street Journal reported Monday, citing people familiar with the matter. The processor is Huawei’s most powerful AI semiconductor to date.

According to the report, Huawei is hopeful that the chips will be more powerful than Nvidia’s H100 AI training chip, which it released in 2022. The Shenzhen-based firm boosts the chip’s performance by packing in more silicon.

Shares of Nvidia were down about 3.5% by late Monday morning.

Huawei, one of China’s biggest tech companies, has made persistent technological advances in recent years despite U.S. sanctions against it.

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Davis Wilson:

By 2027, Apple To Import All iPhones Sold in the U.S. From India, Rather Than China

In the wake of the recent tariffs, Apple aims to manufacture almost all of its iPhones sold in the United States from India, rather than China, by the end of next year.

This means Apple would need India to make more than 60 million phones a year, in order to satisfy its domestic sales. Overall India iPhone assembly would have to approximately double to meet this target, to about 80 million per year.

For a short while, Apple faced eye-watering 145% tariffs on its Chinese imports.

As of right now, with the smartphone tariff exemption in place, iPhones imported from India would see no tariffs applied to them. Tariffs from iPhones imported from factories in China are currently slapped with 20% levies.

Of course, the U.S. tariff policy changes by the week and the situation may be different by the end of next year. Still, Apple benefits from diversifying its supply chain operations.

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Chris Campbell:

Circle's IPO — Should You Buy?

Circle, the U.S. stablecoin giant of USDC fame, wants to IPO. Again. You might recall, back in 2021, Circle failed to go public through a shortcut called a SPAC merger — basically, merging with a blank-check company to hit the stock market faster.

Now they’re filing for an IPO the old-fashioned way: underwriting banks, SEC reviews, ticker symbol ("CRCL"), the whole Wall Street show.

People buying Circle stock are betting on two things:

1. That Circle’s regulatory head start will be worth something.
2. That its network effect (USDC dominance on exchanges, partnerships like Coinbase) will protect it when the floodgates open.

Problem is, regulatory "first movers" often get steamrolled once rules are clear. The hard work gets done. And the giants come in, step over the rubble, and build empires.

Right now, Circle operates in a regulatory gray zone that’s about to be wiped clean. Once real regulatory clarity hits—and it is coming FAST—every bank you’ve ever heard of (and some you haven’t) will pile into the game. And just like that, Circle’s moat? Gone.

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