NVDA
📉 Nvidia shares experienced a drop (around 3% mentioned in pre-market) following news of increased competition.
🇨🇳 Huawei is reportedly preparing to mass-produce new AI chips as China actively seeks domestic alternatives to Nvidia’s technology.
⏳ While this presents a new competitive dynamic, the speaker implicitly frames it within short-term vs. long-term considerations for the stock.
@bernardodegarcia:
“We didn’t see it earlier, but Nvidia is falling 3% because Huawei is announcing that it has new AI chips it’s going to start producing practically now. Here it is: Huawei prepares for its new AI chips to ship en masse as China seeks alternatives to Nvidia. Well, not *for* Nvidia, but alternatives. Again, consider the long-term, short-term, medium-term… Tesla has significant float; Nvidia also obviously has significant float.”
Watch the exact part of the video where @bernardodegarcia talks about Nvidia here:
Watch the video on YouTube
Read more articles analyzing Nvidia (NVDA) at the provided link. NVDA stock.
