Nvidia Threatened as DeepSeek Builds AI Chips News Summary

📝 Overview

Nvidia’s competitive position in AI hardware faces fresh scrutiny as DeepSeek develops custom inference chips, signalling intensifying rivalry in the sector. Caterpillar expanded its automation push with the acquisition of AI mining technology firm Skycatch to strengthen autonomous fleet capabilities, while Fiserv explored a potential debit-network sale to Wall Street lenders. Bank of America also reinstated coverage of Adobe with an underperform rating, citing mounting competition in generative AI.

Business

Fiserv is exploring a potential sale of its debit card transaction network to major Wall Street banks, including JPMorgan Chase and Wells Fargo, as lenders seek more control over payment infrastructure amid federal fee restrictions. Analysts at Seeking Alpha rate Fiserv as a sell, citing weak momentum and growth, while regulatory and merchant concerns could complicate any deal.

Fiserv Explores Debit Network Sale to Wall Street Lenders, Seeking Alpha Flags Sell

Source: Seeking Alpha • Published: July 08, 2026

Bank of America reinstated coverage of Adobe with an underperform rating, warning that competition in generative AI could weigh on growth. Analysts said AI-related revenue remains a small share of Adobe’s recurring business and set a price target below the company’s current market value.

Bank of America Reinstates Adobe with Underperform Rating Over Generative AI Competition

Source: Seeking Alpha • Published: July 08, 2026

Technology

China-based DeepSeek is developing its own AI inference chips to reduce dependence on Nvidia, adding pressure to Nvidia’s dominant position in AI hardware. Export restrictions have also strengthened Huawei’s role in China’s domestic AI market, while companies such as OpenAI and Anthropic are pursuing custom chip strategies.

Nvidia Moat Threatened as DeepSeek Develops Custom AI Inference Chips

Source: Seeking Alpha • Published: July 08, 2026

Caterpillar acquired Skycatch to expand the use of artificial intelligence and spatial data in autonomous mining operations. The deal strengthens Caterpillar’s MineStar and RPM technology platforms as the company invests further in automation for heavy equipment fleets.

Caterpillar Acquires AI Mining Tech Firm Skycatch to Enhance Autonomous Fleets

Source: Seeking Alpha • Published: July 08, 2026