Nvidia warns of growing competition from China's Huawei, despite U.S. sanctions
Published On Feb 27, 2025, 12:18 AM
Nvidia has acknowledged increased competition from Huawei in its latest annual filing, despite ongoing U.S. sanctions limiting Huawei's access to advanced technologies. For the second consecutive year, Nvidia has categorized Huawei as a competitor across multiple categories including chips and cloud services. Huawei recently reported a significant revenue increase, highlighting its resilience and competitive dynamics within the tech industry despite restrictions.
Stock Forecasts
NVDA
Negative
Nvidia is facing renewed competition from Huawei, which has shown strong revenue growth and competitiveness in the market despite U.S. sanctions. This could lead to market share challenges for Nvidia, potentially affecting its stock performance in the near term.
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