Nvidia Stock Sinks On China's Growing AI Chip Ambitions

Group 1 - Nvidia's stock fell over 3% to $107.46 amid reports of China's ambitions in the AI chip market, with a year-to-date decline of 20% [1][4] - Huawei Technologies is preparing to test its new AI processor, the Ascend 910D, which aims to outperform Nvidia's H100, despite U.S. sanctions [2][3] - Analysts express skepticism about Huawei's ability to compete with Nvidia without access to advanced semiconductor manufacturing equipment [4][5] Group 2 - Huawei's previous AI chips, the 910B and 910C, have been claimed to have performance comparable to Nvidia's H100, although this claim is disputed [2] - The U.S. government has barred Nvidia from selling AI chips to China, impacting the competitive landscape [3] - Despite challenges, Huawei's advancements could allow it to compete with Nvidia in markets where U.S. restrictions apply [5]