Saxo Bank: Nvidia Uncertainty Could Benefit Competitors

According to ChainCatcher, Charu Chanana, Saxo Bank’s chief investment strategist, said uncertainty around Nvidia could accelerate a shift toward alternative suppliers, potentially benefiting AMD, Broadcom, Alphabet, and Samsung Electronics. Chanana also cited rising debt financing, pressure on cloud-service cash flows, and regulatory uncertainty as risks to the AI ecosystem. Investors should distinguish companies benefiting from infrastructure spending from those generating sustainable returns through AI, Chanana said.