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Nvidia Stock Takes a Hit Amid Huawei's New AI Chip Release

AinvestMonday, Apr 28, 2025 4:56 pm ET

1min read

Nvidia's stock price declined 2.14% due to new competition from Huawei's Ascend 910D AI chip. Huawei plans to ship over 800,000 units, targeting major players like state-owned telecom companies and ByteDance, the parent company of TikTok. Nvidia faces challenges including US export restrictions and reports of illegal chip smuggling into China. Despite this, the company remains forward-looking in advancing its technology portfolio. Nvidia's strong financial health and revenue growth are highlighted by its robust valuation, with a market capitalization of $2.65 trillion USD and a P/E ratio of 36.97.

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Broheimith

04/29

$NVDA If Huawei's chip was top-notch, China wouldn't have eased the tariffs on NVDA. They relaxed the tariffs on NVDA because they really want and need those chips

Cultural_Street4852

04/28

OMG!Those $NVDA whale-sized options block were screaming danger! � Closed positions just in time profiting more than $407

AutoThorne

04/28

Wow!NVDA demonstrated textbook-perfect bottom and peak confirmation signals via Peak Seeker framework,with subsequent price movements validating 83.6% predictive accuracy

AmputeeBoy6983

04/28

Holy!The NVDA stock was in a clear trend, and I made $325 from it!

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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.

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