According to The Kobeissi Letter, Nvidia (NVDA) shares fell more than 3% as news broke that China's Huawei is developing a competing AI chip following recent US export restrictions on Nvidia’s H20 chip. This development increases competitive pressure on Nvidia in the high-performance AI chip market, impacting near-term investor sentiment and altering the risk profile for NVDA traders. Source: The Kobeissi Letter (April 28, 2025).

According to The Kobeissi Letter, China’s Huawei has developed a new AI chip aiming to compete directly with Nvidia, as reported by the Wall Street Journal. This development follows recent U.S. restrictions on Nvidia's H20 chip sales to China, potentially shifting demand for high-performance computing chips within the Chinese market. Crypto traders should monitor related AI and chipmaker stocks, such as Nvidia ($NVDA) and local Chinese tech firms, as this move may impact GPU supply dynamics, blockchain mining efficiency, and the broader AI crypto ecosystem. Source: The Kobeissi Letter (@KobeissiLetter), April 27, 2025.

According to The Kobeissi Letter, Nvidia's stock, $NVDA, decreased by more than 3% following Huawei's announcement to begin mass shipments of its advanced 910C AI chip for Chinese customers next month. This development comes shortly after the US imposed restrictions on Nvidia's H20 chip exports to China, signaling a potential shift in market dynamics as Huawei aims to capture Nvidia's market share.