Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia (NVDA) in the Chinese market, Liza Lin and Raffaele Huang of Wall Street Journal report. Chinese internet companies and telecommunications operators have been testing Huawei’s latest processor, called Ascend 910C, in recent weeks, people familiar with the matter told the Journal. Huawei told potential clients that the new chip is comparable to Nvidia’s H100, which was introduced last year and isn’t directly available in China, the people said.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Did I Just Miss A Golden Opportunity to Buy Meta Stock?
- Nvidia or Intel: Rick Schafer Chooses the Superior AI Stock to Buy
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Alphabet Stock: Why GOOGL Stock Is a Top Buy Among the Magnificent Seven
- Nvidia Stock (NASDAQ:NVDA): Fairly Valued After 18% Drop, Moderately Bullish Long-Term