In a filing with the Securities and Exchange Commission (SEC) late Wednesday, Nvidia (NASDAQ:NVDA) for the first time identified Huawei as a top competitor across various categories, notably in artificial intelligence chips.
The Santa Clara-based company highlighted China’s Huawei as a formidable contender in supplying chips tailored for artificial intelligence, encompassing graphics processing units (GPUs), central processing units (CPUs), and networking chips. Nvidia also recognized Huawei’s role as a cloud service provider developing its hardware and software to enhance AI computing capabilities.
When approached for comment on Thursday, Nvidia declined to provide further insights.
Huawei introduced the Ascend series of chips as a direct competitor to Nvidia’s AI chip offerings. Notably, Huawei’s flagship 910B chip emerged as a principal rival to Nvidia’s A100 chip, which debuted approximately three years ago.
Analysts estimate the value of China’s AI chip market to be approximately $7 billion.
Last year, Reuters reported that Chinese tech giant Baidu placed a chip order with Huawei in anticipation of forthcoming regulations from the U.S. government, which aimed to tighten restrictions on advanced AI chip exports to China.
Nvidia also identified other competitors such as Intel (INTC.O), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), and Qualcomm (NASDAQ:QCOM), along with several prominent cloud computing entities including Amazon.com (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT).
Following Nvidia’s issuance of a revenue forecast surpassing consensus estimates, the company’s shares surged by 14% in early afternoon trading on Thursday, driven by robust demand for AI technologies.
Featured Image: Megapixl
Author Faith Yakubu 
