According to The Kobeissi Letter, Nvidia ($NVDA) disclosed 13 days ago that the US government imposed restrictions on its H20 chip exports to China. In response, Huawei is now preparing to test its new AI chip, Ascend 910D, specifically designed to replace Nvidia's H20 for the Chinese market. This rapid development highlights significant shifts in AI hardware supply chains, directly impacting trading strategies for both Nvidia and Chinese tech equities. Traders should closely monitor the competitive positioning of Nvidia and Huawei as the release and adoption of the Ascend 910D could alter demand dynamics for AI chips in China and potentially affect NVDA stock performance (Source: The Kobeissi Letter, April 28, 2025).

According to The Kobeissi Letter, Nvidia (NVDA) shares fell more than 3% as news broke that China's Huawei is developing a competing AI chip following recent US export restrictions on Nvidia’s H20 chip. This development increases competitive pressure on Nvidia in the high-performance AI chip market, impacting near-term investor sentiment and altering the risk profile for NVDA traders. Source: The Kobeissi Letter (April 28, 2025).

According to The Kobeissi Letter, Nvidia's stock, $NVDA, decreased by more than 3% following Huawei's announcement to begin mass shipments of its advanced 910C AI chip for Chinese customers next month. This development comes shortly after the US imposed restrictions on Nvidia's H20 chip exports to China, signaling a potential shift in market dynamics as Huawei aims to capture Nvidia's market share.

According to @KobeissiLetter, Nvidia's shares ($NVDA) fell over 3% as Huawei plans to ship its advanced 910C AI chips to Chinese customers next month. This follows the recent US restrictions on Nvidia's H20 chip exports to China, with Huawei aiming to capture Nvidia's market share.