Updates to clarify shares fell in 24 hours trading.
Investing.com-- Nvidia shares fell in 24 hours trading on Sunday evening, Robinhood data showed, following a report that China’s Huawei was testing an advanced artificial intelligence processor aimed at rivaling some of Nvidia’s products.
NVIDIA Corporation (NASDAQ:NVDA) fell as much as 1.8% to $109.06, before recovering to $109.48 by 22:34 ET (02:34 GMT), Robinhood (NASDAQ:HOOD) data showed. The stock had closed at
The Wall Street Journal reported that Huawei was testing its most advanced AI processor yet, the Ascend 910D, and was aiming to launch the chip as a domestic alternative to Nvidia’s H100 chip. The latter is widely used by Chinese firms for AI development, and was developed in line with Biden-era restrictions on tech exports to China.
But Nvidia recently signaled that it will face new restrictions on the sale of its H100 chips in China, drumming up concerns over a potential sales slowdown in China. The prospect of a domestically developed alternative could add to sales pressure on Nvidia in China, with the country still representing a healthy portion of Nvidia’s sales.
Nvidia saw a stellar run-up in valuation over the past two years as the company benefited greatly from AI chip sales. But this run-up came undone in 2025 as investors doubted just how robust demand would remain for AI chips, especially in the face of AI models that have less intensive computing requirements.