20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Amid U.S. sanctions, Huawei Technologies Co. has managed to incorporate the latest version of its made-in-China processor in its new Pura 70 series smartphones.
What Happened: The Pura 70 series, unveiled last week, is powered by the Kirin 9010 processor, a more advanced version of the Kirin 9000s used in the Mate 60 Pro, according to a teardown analysis by consultancy TechInsights, reported Bloomberg.
The Mate 60 Pro, released in August, had already raised eyebrows in Washington due to its 7-nanometer chip, which some officials believed was beyond China’s capabilities.
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Despite this, Huawei has seen a strong resurgence, with the Pura 70 series selling out within two days of its launch.
With the U.S. considering additional sanctions to curb Huawei and China’s semiconductor ambitions, the release of the Pura 70 series, which has traditionally been known for its camera capabilities, could further challenge Apple Inc.’s iPhone in the Chinese market.
Why It Matters: The new Pura 70 series is part of Huawei’s ongoing resurgence in the high-end segment of the Chinese market, which has been affecting Apple’s iPhone sales.
It's not just Apple that has been impacted by Huawei's resurgence – Intel Corp. (NASDAQ:INTC) and Nvidia Corp. (NASDAQ:NVDA) have also had to adapt their AI chip strategies for China in response to U.S. sanctions.
On its part, Intel managed to navigate these sanctions successfully, obtaining a license to supply Huawei with advanced processors for laptops. On the other hand, Advanced Micro Devices (NASDAQ:AMD) criticized the move, citing unfairness.
Despite U.S. efforts to curb China’s technological development, companies like Huawei and Alibaba Gr Holding (NYSE:BABA) are continuing to innovate and compete on the global stage.
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Image Via Shutterstock
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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