Nvidia 'Preparing For The Worst' As The Chipmaker Reportedly Cuts Prices Of Its Flagship AI Chips In China Amid Intensifying Competition From Huawei
Portfolio Pulse from Benzinga Neuro
Nvidia has reduced the prices of its H20 AI chips in China by over 10% to compete with Huawei's Ascend 910B amid increased competition and U.S. sanctions. This move highlights the challenges Nvidia faces in the Chinese market, which contributed 17% of its revenue for fiscal 2024. Despite these challenges, Nvidia continues to adapt its strategy to maintain its presence in China.
May 24, 2024 | 6:03 am
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Nvidia has reduced the prices of its H20 AI chips in China by over 10% to compete with Huawei's Ascend 910B amid increased competition and U.S. sanctions. This move highlights the challenges Nvidia faces in the Chinese market, which contributed 17% of its revenue for fiscal 2024.
The price cut indicates Nvidia is facing significant challenges in the Chinese market due to increased competition from Huawei and U.S. sanctions. This could negatively impact Nvidia's revenue from China, which is a significant portion of its overall revenue.
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