Based on Bickley, something associated to an antitrust probe is “extra hype than substance at this level, as a result of, first, semiconductors are probably the most unstable sector within the inventory market. [Nvidia CEO] Jensen Huang is aware of full effectively that this wave that they’re driving on the finish of the day will crest, and it’ll crash, and it’ll occur violently when it does. They’re squeezing the whole lot they will out of the quick runway and they’re attempting to elongate that runway as a lot as potential.”
As for the DOJ, he stated, “in case you have respected names complaining, they’re going to try it, however beneath the Biden administration, the division has been terribly unsuccessful in about each antitrust motion they’ve determined to tackle. Simply because they’re it doesn’t imply they’re going to do something about it.”
“[By the time] they do one thing about it, and the time that it takes to resolve, this cycle may have already crested, for my part. The cash will already be made, the injury will already be carried out … The truth is that we’re speaking about an anti-competition inquiry for a product that there’s actually no competitors for.”