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Huawei is reportedly developing the 910D chip to compete with Nvidia's H100, amid ongoing export restrictions that hinder Nvidia's sales in China. While Huawei's chip may provide an alternative for Chinese companies, experts believe it will struggle to match Nvidia's performance and efficiency. Despite this, Huawei could gain market share in China as long as these restrictions remain in place.
Nvidia's stock fell 1.4% as Huawei launched its competitive AI chip, Ascend 910D, targeting the Chinese market. With Nvidia's revenue from China declining and new export controls limiting its sales, the company faces increasing pressure to innovate and adapt amid rising local competition. Meanwhile, Elon Musk's xAI seeks to raise $20 billion, potentially boosting Nvidia's hardware sales.
Nvidia's stock fell 2% amid reports that Huawei is challenging its dominance in AI hardware with the new Ascend 910D chip, designed to outperform Nvidia's H100 model. Concerns for Nvidia include export restrictions, Huawei's rising influence, and a shrinking revenue share from China. Despite these challenges, Nvidia's growth story remains strong, bolstered by partnerships and increasing AI demand. Investors should monitor developments regarding export restrictions and Huawei's chip performance.
Richard Windsor
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
huawei develops new chip to challenge nvidia's dominance in ai market
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