Huawei Technologies plans to challenge Nvidia’s (NASDAQ: NVDA) next-generation artificial intelligence chips in China.
Still, Nvidia stock remains resilient, trading upwards on Monday close to its 52-week high of $184.55.
Also Read: Will Alibaba’s New Chip Finally Unseat Nvidia In China?
The push highlights Huawei’s role as China attempts to cut its reliance on foreign chips.
Beijing prioritized semiconductor self-sufficiency after the 2020 pandemic-induced chip crisis highlighted its importance across autos, defense, and artificial intelligence sectors.
Huawei introduced new Ascend models slated through 2028. The company expects to launch a successor to the 910C, referred to as the 910D, in late 2026, with an initial target of 100,000 units. Long-term, it plans to launch the Ascend 950, 960, and 970 chips as it pushes to build competitive alternatives to Nvidia’s products.
Bernstein expects Nvidia’s China market share to fall to 55% this year from 66% in 2024. Still, Bank of America analyst Vivek Arya projects $6 billion to $10 billion in potential China sales through January, though $3 billion to $4 billion may face delays due to supply constraints. CEO Jensen Huang has described China as a $50 billion opportunity if Nvidia continues supplying sanction-compliant chips.
Price Action: At last check Monday, NVDA stock were trading higher by 2.88% to $183.32.
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