Reported about 6 hours ago
Nvidia's stock plummeted 5.5% following reports that Huawei plans to start shipping competitive AI chips as US export restrictions limit Nvidia’s access to the Chinese market. The US government recently banned Nvidia from selling its H20 chips—designed for China—fueling concerns over lost revenue which could reach $16 billion this fiscal year. Analysts highlight that the ban could inadvertently strengthen Huawei in the Chinese AI sector.
Source: YAHOO