NVIDIA Shares Gutted By 5%+ After China Reportedly Readies Equivalent AI GPU Shipments

NVIDIA shares are down by 5.6%  today after a report shared that China's Huawei has started to prepare its new artificial intelligence chip for shipments after the latest round of US sanctions on the country. The Trump administration recently announced that NVIDIA would require a license to sell its H20 AI GPUs to China. The H20 was the highest-end NVIDIA chip available to China, and the restriction limits the ability of Chinese companies to access the latest AI technologies for their software ecosystem. The chip that Huawei plans to ship is the Ascend 910C, a design upgrade over its predecessor […]

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