NVDA

Nvidia (NVDA.O) reported its slowest revenue growth forecast in seven quarters on Wednesday, falling short of sky-high investor expectations for the AI chipmaker, which has become the world’s most valuable semiconductor firm. 

Huawei is reportedly developing a new AI chip, the Ascend 910C, designed to compete directly with Nvidia’s high-performance GPUs in the Chinese market. This development is a strategic response to growing tensions and trade restrictions between the U.S. and China.