Mark Tepper joined Varney & Co. to discuss why inflation could become a bigger issue for Wall Street if gas prices continue squeezing consumers. He also explained why Nvidia’s advanced chips could become a major bargaining chip in U.S. negotiations with China. Mark shared his view on semiconductor stocks, why broader chip exposure may matter, and why he prefers Amazon over Alibaba because of weakness in the Chinese consumer. He also discussed Oracle, AI infrastructure spending, photonics stocks, Walmart’s efficiency push, and why he still likes United Rentals.