November 13, 2025
(NVDA, MSFT, GOOGL, AMZN, META) AI Sector: Federal Pre-emption of State Law Unlikely for Now
We continue to believe that efforts to prevent states and localities from enforcing AI-specific laws or regulations for up to 10 years is unlikely to become federal law for at least the duration of President…
November 6, 2025
(NVDA) Nvidia’s Blackwell Chips and the China Trade Outlook
With Nvidia (NVDA) exports to China once again making headlines, we see roughly a 40–50% probability that the company will be permitted to export China-specific versions of its Blackwell chips as early as next year. …