The focus on this interview is more about China and the impact of either administration going forward. Neither is going to be good for firms that sell to China. Both have had hard positions for China. Would there be a more measured approach with Biden? Perhaps, but we are already seen the current administration limit what Nvidia can sell. For instance, they can only sell slower, watered down chips as of last year.
We have to remember that China has been in crisis for almost three years when in August of 2021, their lifetime leader first started speaking about “common prosperity.” Companies that rely on China for sales, supply chain, and manufacturing are going to have elevated risks. Just remember, a Trump administration will cause a greater variability of outcomes with our relations with China.