Nvidia Stock Is Falling. This Huawei Breakthrough Is Not Going to Help. - Barron's
1. Nvidia stock dropped 1.4% amid competition from Huawei’s new AI chip. 2. Huawei plans to test its Ascend 910D chip, aiming to outpace Nvidia’s H100. 3. Nvidia faces significant sanctions limiting sales of powerful chips to China. 4. xAI, a major Nvidia customer, might raise $20 billion for AI hardware. 5. Nvidia's Chinese sales projected to decline, affecting future revenue streams.