Nvidia’s stock experienced notable losses following reports that Huawei Technologies is preparing to test a new artificial intelligence chip that could rival Nvidia’s offerings. According to sources, Huawei’s Ascend 910D processor aims to replace higher-end Nvidia products. Nvidia, which did not comment on the matter, saw its shares drop by nearly 4%. This decline comes after Nvidia already lost a fifth of its value this year, partly due to competition from Chinese startups like DeepSeek. Additionally, Nvidia anticipates a $5.5 billion charge in the first quarter due to U.S. export restrictions on its H20 chips to China. — new from Investopedia
