Reported about 20 hours ago
Nvidia's stock fell over 2% after reports emerged that Huawei is developing a new AI chip, the Ascend 910D, in response to President Trump's export ban on Nvidia chips to China. As Huawei prepares to ship over 800,000 previous generation chips, investor concerns mount over the impact of the export restrictions on Nvidia's significant revenue from China, leading to a 19% decline in Nvidia's stock this year amid ongoing scrutiny regarding AI spending and trade relations.
Source: YAHOO