NVIDIA's stock price faltered on the 28th (local time). This reflects the impact of news that China's Huawei is developing its own high-performance artificial intelligence (AI) chip.
NVIDIA's stock was trading at $107, down 3.61% from the previous trading day as of 12:11 p.m. Eastern Time. It marked a decline after five trading days, dipping below the $110 mark during the session.
Earlier, it had risen over the previous 4th.
The decline in NVIDIA's stock price on that day appears to be a result of the news that China's Huawei is developing its own AI chip. The Wall Street Journal reported that Huawei is developing its own AI chip with the goal of replacing NVIDIA's high-performance AI chip.
※ This article has been translated by AI. Share your feedback here.