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Huawei's new AI chip, the 910C GPU, is set to ship to Chinese customers as early as next month. This development addresses the growing demand in China's AI sector for domestic alternatives, especially following US restrictions on Nvidia's chip sales without an export license.
Morgan Stanley analysts warn that companies are experiencing the highest level of uncertainty since the early pandemic, largely due to President Trump's unpredictable tariff policy. This situation is pressuring earnings estimates and leading to downward revisions, with the S&P 500 expected to remain range-bound between 5,000 and 5,500. The Federal Reserve is taking a cautious approach, delaying interest rate cuts amid ongoing trade tensions.
U.S. restrictions on semiconductor sales to China are impacting American companies like NVIDIA, which may face losses of up to $5.5 billion from its H20 chip. In response, Huawei is set to launch its Ascend 920 chip, boasting 900 TFLOPs and 4 TB/s memory bandwidth, as a powerful alternative for Chinese firms by late 2025. The ongoing tech tensions highlight the geopolitical stakes in AI and chipmaking.
Huawei's plans for a new AI chip and mass shipments have raised concerns for Nvidia, which is facing significant restrictions on selling AI products in China. Analysts suggest that these export controls have effectively ceded the Chinese AI market to Huawei, as Nvidia's offerings were already limited and becoming less competitive. Despite potential policy changes in the future, the gap between Nvidia and local capabilities is expected to widen, diminishing Nvidia's relevance in the Chinese market.
Huawei Technologies is set to begin mass shipping its AI chip, the 910C, to Chinese customers, providing a local alternative amid US restrictions on Nvidia's chips. The 910C, an evolution of the 910B, boasts double the computing power and improved support for AI workloads, positioning it as a key hardware solution for AI developers in China. Despite challenges in production and geopolitical tensions, Huawei aims to strengthen China's domestic AI industry with this new chip.
Huawei Technologies is set to mass ship its Ascend 910C AI chip to domestic customers next month, filling the gap left by U.S. export curbs on Nvidia's H20 chip. The 910C, which combines two 910B processors, offers performance comparable to Nvidia’s H100, positioning it as a viable alternative for Chinese AI firms. This launch underscores China's efforts to enhance its technology self-sufficiency amid geopolitical challenges.
Huawei Technologies is set to begin mass shipments of its advanced 910C AI chip to Chinese customers as early as May, following increased U.S. restrictions on Nvidia's hardware sales to China. Nvidia's shares fell 6% amid these developments, as the Trump administration now requires export licenses for its H20 AI chip, previously the only Nvidia product permitted for sale in China. The 910C, a graphics processing unit, reportedly matches the performance of Nvidia's H100 by integrating two older 910B processors.
Bank of America maintains a $225 price target and a Buy rating on Amazon (AMZN), highlighting its strong cloud-infrastructure unit and rising retail margins. Despite short-term volatility in investor sentiment, the bank believes Amazon's long-term outlook remains positive, bolstered by AI advancements. In comparison, Amazon's forward P/E ratio is more favorable than Walmart's, attributed to its higher revenue from China and lower grocery reliance.
Huawei Technologies is set to begin mass shipments of its advanced 910C AI chip to Chinese customers as early as May, following increased U.S. restrictions on Nvidia's hardware sales to China. Nvidia's shares fell 6% amid these developments, as the Trump administration now requires export licenses for its H20 AI chip, previously the only Nvidia product permitted for sale in China. The 910C, a graphics processing unit, reportedly matches the performance of Nvidia's H100 by integrating two older 910B processors.
Shares of major financial stocks, including American Express, Blackstone, and Ally Financial, fell significantly due to concerns over President Trump's comments regarding the Federal Reserve's independence and ongoing trade tensions with China. The potential for inflation and recessionary pressures has created uncertainty in the market, impacting investor sentiment and stock performance. Despite the challenges, long-term investors may find opportunities in these high-quality companies at discounted prices.
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