From Nasdaq: 2025-04-28 16:35:00

Shares of Nvidia (NASDAQ: NVDA) dropped as investors reacted to a new threat. Following a $5.5 billion write-off due to export restrictions, Chinese tech giant Huawei is set to launch a new AI chip, potentially challenging Nvidia’s dominance. The stock was down 2.6% in response. The U.S.-China tech race continues to escalate, with implications for Nvidia’s future.

As tensions between the U.S. and China heighten, Nvidia faces challenges from Huawei’s new AI chip, the Ascend 910D. Despite concerns about restricted access and competition, Nvidia remains focused on technological advancements. With a price-to-earnings ratio of 37, the stock is considered reasonably valued, offering long-term potential for investors.

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Read more at Nasdaq: Nvidia Gets Hit by China Threat. Time to Buy the Dip?