Nvidia stock falls as China's Huawei reportedly boosts AI chip production after Trump's export ban
Nvidia stock falls as China's Huawei reportedly boosts AI chip production after Trump's export ban
Nvidia (NVDA) stock fell 4.5% Monday after a report from Reuters said Chinese tech giant Huawei is set to begin shipping advanced AI chips as soon as next month in the wake of Trump's export rules effectively banning Nvidia's sale of its H20 chips in China.
Huawei's new 910C chips are reportedly competitive with Nvidia’s H100 AI chips, which are two generations behind its latest Blackwell chips. The US government banned the export of H100 GPUs (graphics processing units) to China in 2022.