 |
NVIDIA AI chip. (Photo = NVIDIA) |
[Alpha Biz= Paul Lee] NVIDIA, the leader in artificial intelligence (AI) technology, saw its stock drop over 3% on the 28th (local time) due to concerns over the "China factor." The decline followed reports that Chinese tech giant Huawei is developing its own high-performance AI chips, potentially challenging NVIDIA’s market dominance.
As of 12:11 PM Eastern Time (9:11 AM Pacific Time), NVIDIA shares were down 3.61% at $107, after rising over the past four days and recovering to the $110 level. However, the stock fell again, dipping below the $110 mark within five trading days.
The drop began with an initial decline of over 1%, with losses accelerating throughout the day, at one point exceeding 4%.
The cause of the decline is linked to a report by The Wall Street Journal (WSJ) on the 27th, revealing that Huawei is working on developing its own AI chips aimed at replacing NVIDIA’s high-performance AI chips. Sources indicated that Huawei’s new chips may offer even better performance than NVIDIA's flagship 'H100' chips.
The H100 is NVIDIA's most powerful AI chip, a successor to the earlier Blackwell version, but it is not being exported to China due to U.S. export restrictions.
Meanwhile, stocks of other tech giants, such as Apple and Amazon, also saw declines of 0.74% and 1.78%, respectively, ahead of their earnings reports scheduled for next week. Microsoft and Meta shares, which are set to report earnings on the 30th, also showed a dip of around 1%.
알파경제 Paul Lee 특파원(hoondork1977@alphabiz.co.kr)
