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Nvidia shares fall 1.36% premarket after Huawei develops new AI chip to compete with Nvidia's H100.
ByAinvest
Monday, Apr 28, 2025 4:52 am ET1min read
Nvidia Corporation fell 1.36% in premarket trading, with the company facing competition from China's Huawei Technologies, which is developing a new AI chip, the Ascend 910D, to match Nvidia's H100. Huawei has approached some Chinese tech companies about testing the technical feasibility of the new chip, which is slated to receive the first batch of samples as early as late May.
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