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Nvidia CEO Jensen Huang has expressed concerns that US sanctions are inadvertently boosting Huawei's AI ambitions. He highlighted that if the Chinese government prioritizes military advancements, it will secure necessary resources regardless of restrictions. Huang warned that Nvidia is missing out on a significant market opportunity in China, predicting that Huawei could dominate the AI sector if foreign chip supplies are cut off.
Shares of Nvidia have declined amid concerns over weaker AI demand and potential changes to U.S. chip export rules, which could complicate sales. Analysts warn that stricter regulations may drive buyers toward competitors like Huawei, while Nvidia faces possible tariffs on chips. Despite these challenges, the stock holds a Strong Buy consensus with significant upside potential.
Nvidia's stock fell nearly 5% following reports of Huawei mass shipping its advanced 910C AI chip in China, a market Nvidia is barred from competing in due to U.S. export restrictions. Bernstein analyst Stacy Rasgon emphasized that Nvidia's inability to sell top-tier chips like the A100 and H100 has effectively handed the Chinese AI market to Huawei. Despite a 29.93% drop in stock value this year, Nvidia remains up 21.87% over the past 12 months.
Huawei's upcoming launch of the 910C AI chips, designed to compete with Nvidia's H100s, has triggered a significant drop in Nvidia's stock, wiping out $230 billion in market value. This comes on the heels of U.S. restrictions on Nvidia's China-specific H20 GPUs, raising concerns about the company's future in a crucial market. Analysts warn that U.S. policies may inadvertently bolster China's AI capabilities, with the House Select Committee on China pressing Nvidia for answers amid growing geopolitical tensions.
Broadcom's stock surged over 21% after the company projected AI chip sales could reach $60 billion to $90 billion by fiscal 2027, up from $12.2 billion in 2024. CEO Hock Tan highlighted strong demand from major clients like Google, Meta, and ByteDance, with additional potential from Apple and OpenAI. Analysts responded positively, raising price targets and noting Broadcom's competitive edge in the AI chip market.
Rasgon Stacy
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