National Security Meets Free Markets

The AI race is upon us. It's been escalating ever since ChatGPT made its appearance in the Fall of 2022. Nvidia has been the undisputed leader in the race. Companies, both at home and abroad, have scrambled to get their hands on Nvidia's chips. Demand significantly outstrips supply. That sends prices higher. You remember that from Econ 101. That has propelled Nvidia's revenues and profits, which helps explain its stock performance. Earnings drive stock prices. Nvidia reported its Q2 earnings this week. Nvidia is the most valuable American company in history. It has a $4.5 Trillion value. 8% of S&P. It's a big deal...