Huawei

Huawei's Ascend chips have overtaken Nvidia in China's AI chip market, according to a new report. The shift reflects the impact of US export controls that have restricted Nvidia's access to Chinese customers, pushing domestic buyers toward Huawei's homegrown alternatives. Analysts see it as a milestone for China's semiconductor self-sufficiency push, though questions remain about Ascend's performance and production capacity at scale.

Huawei has announced two advanced AI chips slated for 2027, putting the spotlight on Nvidia as investors weigh fresh competition in the AI semiconductor market. Traders are watching how the Chinese chipmaker's roadmap could challenge Nvidia's dominance in AI accelerators, a market it has led amid US-China tech tensions.