The AI narrative was used to mask the true source of chip demand coming from China front-running U.S. export restrictions. Chips shelved overseas due to US trade tensions.

If the chips were being used for production we would have seen a rise in memory demand. Instead these orders are being shelved in warehouses overseas in case the U.S. escalates trade tensions. — Financelot (@FinanceLancelot) June 29, 2023 Nvidia's largest 6 month gain in 20 years. pic.twitter.com/cVxTc9LyuQ — Mac10 …

READ MORE