From Yahoo Finance: 2025-04-28 12:46:00

Nvidia shares plunged on the Dow and S&P 500 after reports of Huawei testing a rival artificial intelligence chip. The Wall Street Journal stated Huawei aims to replace Nvidia products with its Ascend 910D chip. Nvidia’s stock dropped nearly 4%, down a fifth from the start of the year. They face a $5.5 billion charge due to U.S. chip export limitations.

Read more: Nvidia Stock Drops on Report Huawei Is Developing Rival AI Chip