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Nvidia Corporation (NASDAQ: NVDA) slipped in after-hours trading on Sunday, following reports that China’s Huawei is testing a powerful artificial intelligence chip aimed at challenging Nvidia’s dominance. NVDA shares fell as much as 1.8% to $109.06 before slightly recovering to $109.48 by 22:34 ET, according to Robinhood (NASDAQ: HOOD) data. The stock had closed higher during regular trading hours.
The Wall Street Journal reported that Huawei is testing its most advanced AI chip, the Ascend 910D, which is designed as a domestic alternative to Nvidia’s popular H100 chip. The H100, a critical component for AI development, had already been affected by U.S. export restrictions on high-end technology to China under the Biden administration.
Nvidia recently warned of additional regulatory hurdles impacting H100 chip sales in China, raising concerns about a potential slowdown in one of its key markets. The emergence of a competitive local option like Huawei’s 910D could further pressure Nvidia’s China revenue, where demand for AI solutions remains strong.
After two years of explosive growth fueled by AI chip demand, Nvidia's stock has faced challenges in 2025. Investors are increasingly questioning the sustainability of AI chip sales, especially as newer AI models demand less computational power.
The growing competition from domestic Chinese firms like Huawei, combined with tightening U.S. export restrictions, could weigh on Nvidia’s future earnings and valuation. Analysts and investors are watching closely how Nvidia navigates this evolving landscape in the global AI chip race.
