Trump has begun another trade war. Here's a timeline of how we got here
Canada's leader laments lost friendship with US in town that sheltered stranded Americans after 9/11
Chinese EV giant BYD's fourth-quarter profit leaps 73%
You're an American in another land? Prepare to talk about the why and how of Trump 2.0
Chalk talk: Star power, top teams and No. 5 seeds headline the women's March Madness Sweet 16
Purdue returns to Sweet 16 with 76-62 win over McNeese in March Madness
By Carolina Mandl
NEW YORK (Reuters) - Hedge fund Coatue Management's founder Philippe Laffont said on Tuesday that he is concerned about how geopolitical conflicts could affect the chip industry and the development of artificial intelligence, including Nvidia.
Speaking at the Bloomberg Invest conference, Laffont said if China invaded Taiwan, it would disrupt chip production, as most of the industry capital expenditure is concentrated in the island with Taiwan Semiconductor Manufacturing Company, which has Nvidia as one of its major clients.
"That's very risky because the highest market capitalization is dependent on production in Taiwan," he said about the risks posed to AI chipmaker Nvidia.
Last week, Nvidia became the most valuable company at $3.3 trillion. On Tuesday, it was the third biggest company by market capitalization, behind Microsoft and Apple.
Coatue ended March with roughly $1.3 billion invested in Nvidia, according to a securities filing. Laffont did not mention his current position.
(Reporting by Carolina Mandl, in New York; Editing by Josie Kao)
