The Wall Street Journal Reported Companies Start Testing Huawei's New Ascend 910C Chips; 910C Chip Aims to Challenge Nvidia in AI Hardware, Citing Sources
Portfolio Pulse from Benzinga Newsdesk
The Wall Street Journal reported that companies have started testing Huawei's new Ascend 910C chips, which aim to challenge Nvidia in the AI hardware market.
August 13, 2024 | 9:45 am
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POSITIVE IMPACT
The testing of Huawei's new Ascend 910C chips by companies could positively impact Chinese technology stocks, including those in the FXI ETF.
As Huawei's new Ascend 910C chips are tested by companies, it could signal a positive development for Chinese technology firms, potentially benefiting the FXI ETF, which includes major Chinese tech stocks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Nvidia may face increased competition in the AI hardware market as companies begin testing Huawei's new Ascend 910C chips.
The introduction of Huawei's Ascend 910C chips, which are being tested by companies, could challenge Nvidia's dominance in the AI hardware market, potentially impacting Nvidia's market share and stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100