Search results

Sort by:
items per page
Found 10891 results
What Could Restart Dollar Strength?
Louis-Vincent Gave / Gavekal Research | 25 Jul 2025
Lock
In April, Louis argued that the real driver of dollar weakness was a growing perception among foreign investors that the US had turned predatory toward them. In recent “risk-off” episodes, the US dollar fell instead of rising against most currencies. It seems the US dollar is no longer a true “risk-off” currency. Louis examines what could help it it reclaim that role.
View
Huawei Faces Credibility Scandal
Laila Khawaja / Gavekal Technologies: Briefing | 18 Jul 2025
Lock
Huawei faces viral plagiarism allegations over AI model. Beijing takes measures to curb rare earth brain drain. And DeepSeek R2 delay is not due to US chip ban.
View
One Country, Two Currencies
Charles Gave / Gavekal Research | 12 May 2025
Lock
China is a highly unusual country. Unlike other countries, it has two central banks, the People’s Bank of China and the Hong Kong Monetary Authority, and two currencies, the renminbi and the Hong Kong dollar. In this note, Charles outlines his understanding of how the Chinese authorities manage their financial system(s).
View
Stagflation Or Reflation?
Will Denyer / Gavekal Research | 8 May 2025
Lock
With President Donald Trump adding new import tariffs by the day, is the US set to see slowing growth, rising unemployment and high inflation? At Gavekal, we call this stagflationary brew an inflationary bust. Although the risk of stagflation has risen since January, Will thinks the more likely outcome is reflation, or in other words an inflationary boom.
View
Huawei’s DeepSeek Moment In AI test
Laila Khawaja / Gavekal Technologies: Chips | 29 Apr 2025
Lock
Huawei beats Nvidia in AI. Huawei’s latest AI cluster overcame chip-level constraints with system-level innovations. Nvidia risks more chip bans. Nvidia has suspended more chip sales to China, though grey-market channels remain active. Xiaomi faces heightened sanction risk. Xiaomi’s tech progress in mobile SoC using TSMC’s advanced tech could make it a US sanction target.
View
Huawei’s DeepSeek Moment In AI
Laila Khawaja / Gavekal Technologies: Chips | 29 Apr 2025
Lock
Huawei’s latest AI cluster overcame chip-level constraints with system-level innovations. Nvidia has suspended more chip sales to China, though grey-market channels remain active. And Xiaomi’s tech progress in mobile SoC using TSMC’s advanced tech could make it a US sanction target.
View
Nvidia’s DeepSeek Dilemma
Laila Khawaja / Gavekal Technologies: Chips | 11 Apr 2025
Lock
Early coverage of DeepSeek’s cost-efficient open-source large language models highlighted the risk to Nvidia that algorithmic and architectural innovations could reduce demand for its chips. The reality is otherwise: Chinese companies are ramping up orders for Nvidia’s sanction-compliant H20 chips to support the surging demand for inference—the process of running trained AI models in real-world applications.
View
China On The Nile
Tom Miller / Gavekal Research | 20 Mar 2025
Lock
The US has long been by far the most influential external power in the Middle East. But in recent years US ties to Arab countries have frayed badly, even as China has become increasingly important as a trade, investment and diplomatic partner for the region. How this process is playing out in Egypt is likely to be repeated across the Middle East, writes Tom Miller, freshly returned from a research visit to Cairo.
View
India Macro Update: The Road To Recovery
Udith Sikand, Tom Miller / Gavekal Research | 13 Mar 2025
Lock
After slowing for four consecutive quarters, India’s economy is showing signs of perking up. GDP growth is back above 6%, buoyed by a monetary policy easing and healthy household consumption. Tax cuts will also help at the margin. But a dramatic acceleration in growth is unlikely, as the public infrastructure boom fades and private investment continues to disappoint.
View
Tariffs And DOGE: Are They Really Killing US Growth?
Will Denyer / Gavekal Research | 13 Mar 2025
Lock
Is Donald Trump’s administration a mortal threat to US growth? Investors have clearly decided that it is. In the weeks since Trump’s inauguration, US equities, cryptocurrencies and the US dollar have sold off, while US treasuries have rallied, with yields falling steeply. This is a sharp about-turn from the initial market reaction following Trump’s election victory. Will examines whether the markets are justified, and if it will change its mind once more.
View
items per page
  1. « First
  2. <
  3. 1
  4. 2
  5. 3
  6. 4
  7. 5
  8. …
  9. >
  10. Last »