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

Send us a text 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. Looking to see real estate wealth-building strategies in action? Join us April 23rd in Tampa for an exclusive investment event featuring networking, strategy sessions, and an on-site property walkthrough. Reserve your spot at WealthyAFai.com/events. Support the show Introducing the 60-Day Deal Finder! Visit: www.wealthyaf.media Use the Coupon Code: WEALTHYAF for 20% off!