Nvidia Stock Sinks On China's Growing AI Chip Ambitions

Nvidia (NVDA) stock fell on Monday on media reports of China's growing ambitions in the artificial intelligence chip space.A Wall Street Journal report said Chinese chip designer Huawei Technologies is preparing to test its newest and most powerful AI processor, called the Ascend 910D. Huawei is slated to receive its first batch of the new chips as soon as late May from contract manufacturer Semiconductor Manufacturing International, known as SMIC, the report said. Huawei hopes its latest AI processor will ...