- Huawei suggests that the new IA chip will be ready to test at the end of May.
- The 910D Ascend processor is designed to compete with H100 from Nvidia, a popular AI chip.
- The NASDAQ loses its weight despite optimism on the income of the Microsoft, Apple, Amazon and Meta platforms.
- The longer -term support for NVDA could reach $ 76.
The Nasdaq composite index bows to the pressure of NVIDIA (NVDA) action Monday as the latter succumbs to a renewed pressure outside China. In light of the recent export borders on the NVIDI IA chips, Huawei in China should receive its first expedition from a connection loading chip which, according to the company's leaders, will go hand in hand with the offers of Nvidia.
The Nasdaq increased by about half a point at the beginning of early Monday before leaning on the pressure of Nvidia, which sank more than 3.5% at the time of the editorial staff. The NASDAQ index decreased by around 1% at the same time.
A large part of the American stock market is still quite optimistic during a week which will attend the versions of the profits of several of the largest technological actions. Microsoft (MSFT) And Meta Platforms (Meta) Report income on Wednesday, while Apple (AAPPL) And Amazon (Amzn) Report Thursday.
In other news, a massive electricity failure hit Portugal, Spain and France, and investigators are not sure of what caused it.
Nvidia Stock News
The Wall Street Journal reported on Sunday that Huawei told the interested parties that the first expeditions of its new IA chip will arrive at the end of May. Huawei's Ascend 910D 910D processor will supposely offer more power than Nvidia's H100 chip, which is used by data centers to treat large AI workloads that form large models of language and other AI systems.
Huawei has approached a number of Chinese technological companies, which, according to the article, have shown interest in testing the new product. China had been the buyer, especially since a quarter of the NVIDIA chips AI until the Biden administration submitted the H100 and certain other chips designed by the United States to export licenses at the end of 2022.
Nvidia sought to face Biden's policy by introducing the h20 chip, a less powerful AI chip than Chinese companies could buy legally. But earlier this month, the Trump administration also added the export license to the H20 chip.
With the introduction of the Ascend 910D processor, Chinese technology giants could become less dependent on Nvidia technology in the future, even if American decision -makers end up abandoning their obstacles to IA technologies exports.
Many Silicon Valley observers consider the new Huawei processor as the second shoe to die for after Deepseek of China demonstrated in January that it could build its own AI LLM much cheaper than existing American American offers.
NVIDIA stock forecasts
The Nvidia stock fell through its range of lower ascending (green) trends on March 3, and from the NVDA is in a clear decrease trend. Nvidia has been below its simple mobile average (SMA) of 50 days since the end of February at this stage, and it should fear that recent recovery has not touched this mobile average.
The real question is whether NVDA can fall below April 7 from $ 86.62. The evidence would lead to an affirmative response because the clear historical support at $ 92 had no chance.
If the neighborhood of $ 86 does not hold, on April 2024 at the bottom of $ 76 is the next bet. Most market observers are always optimistic about NVIDIA's long -term prospects, so that actions at this level should arouse serious bleaches.
NVDA Daily Stock Stock
