Watch Counterpoint's Shah on Nvidia, Circular Deals - Bloomberg.com

This article focuses on Counterpoint Research's analysis of NVIDIA and its position within the semiconductor industry, while examining the emerging trend of circular deals in the market. As demand for... Read original →

NVIDIA's dominance in AI chips is being reinforced by its 3nm process and EUV technology, driving the entire semiconductor supply chain toward higher performance nodes. However, global supply chain fragmentation and geopolitical tensions, especially under U.S. export controls affecting Taiwan, China, are constraining its growth. The rise of circular deals reflects industry needs for resource synergy and risk mitigation amid rapid technological shifts. Competitors like AMD, Intel, and domestic players are accelerating AI infrastructure investments to challenge NVIDIA's leadership. Over the next 12-24 months, if U.S. chip restrictions tighten further, NVIDIA may need to restructure global production, while Hong Kong, China-based firms could leverage regional partnerships to build resilient tech ecosystems.