Bulls vs Bears: GPUs, CPUs & TPUs Rocket Higher on IOUs | AI Chip Financing Exposed + ASX Budget Reaction

In this week's episode of Bulls vs Bears, Mark Gardner and Kai Chen (JT is on tin-foil leave) dive deep into the explosive semiconductor rally. Nvidia, Micron, AMD, and the entire SOX index are surging — but how much is real demand vs circular vendor financing and IOU accounting?

We break down:

• The complex web of AI chip financing, vendor deals, and backlog accounting between Nvidia, hyperscalers, and startups
• CPU vs GPU vs TPU explained simply (perfect for beginners)
• Cerebras IPO — 30x oversubscribed and up 68% on day one
• Software Survivors strategy up 243% since early March
• Why Tesla is now trading like a chip stock
• Micron's insane run and why we trimmed

ASX Market Update:

• Banks hammered post-Budget, resources surging (52% reversal since we called the rotation in Sept 2024)
• Gold/Silver moves, copper strength, and BHP's relative underperformance
• Full Australian Federal Budget breakdown: Capital gains tax changes, negative gearing, trust restructures — what it means for investors and property

Plus: Bulls vs Bears scoreboard, Kai Chen turning bearish, and why the market feels frothy yet unstoppable.

Timestamps:00:00 Intro & Semiconductor Madness05:30 Circular AI Financing Explained12:45 CPU vs GPU vs TPU Breakdown22:00 ASX Rotation & Budget Impact35:00 Bulls vs Bears Calls

A high-energy (slightly exhausted) look at the AI boom, market rotations, and what’s next for investors.

Keywords: Nvidia stock, AI chips, semiconductor rally, SOX index, Cerebras IPO, Australian Budget 2026, capital gains tax, negative gearing, ASX resources, Tesla stock, Micron, GPU explained, vendor financing

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#Nvidia #AIStocks #ASX #Semiconductors #Investing