April 29, 2025

finance   Read News
Huawei Ascend 910D, Nvidia H100, AI Stocks, and Crypto Trading

Huawei has unveiled a new artificial intelligence chip called the Ascend 910D, which the company hopes will be more powerful than Nvidia's H100 chip. This development has led to a decline in Nvidia's stock price, as the US has limited China's access to Nvidia's most advanced AI products. Meanwhile, the AI industry is growing rapidly, with many applications and investment opportunities. Companies such as Charles Schwab and Guardforce AI are using AI to enhance efficiency and client service, while others like Goodfire are raising funds to support AI development. Despite challenges, AI stocks are still considered a good investment opportunity, with many experts believing that AI will outperform humans in various fields, including trading.

Key Takeaways

  • Huawei is developing a new AI chip called the Ascend 910D to compete with Nvidia's H100 chip.
  • Nvidia's stock price has dropped due to the report of Huawei's new AI chip and US limits on exports of its H100 chips to China.
  • The AI industry is growing rapidly, with many applications and investment opportunities.
  • Companies like Charles Schwab and Guardforce AI are using AI to enhance efficiency and client service.
  • Goodfire has raised $50 million to support its AI development efforts.
  • Half of crypto traders believe AI will outperform humans in trading.
  • Large language models can be useful for investment firms but require careful consideration.
  • Alphabet is facing challenges due to the rise of AI, particularly in its search business.
  • Investing in AI stocks can be a good opportunity for future gains.
  • AI is being used in the crypto market to analyze data and make decisions.

Huawei Unveils New AI Chip

Huawei is developing a new artificial intelligence chip called the Ascend 910D. The company hopes it will be more powerful than Nvidia's H100 chip. Huawei plans to test the chip with some Chinese tech companies and may start mass shipments as early as next month. The US has banned the sale of some Nvidia chips in China, so Huawei is trying to develop its own chips. Huawei's goal is to become a top player in the AI chip market.

Huawei Develops New AI Chip

Huawei is testing a new AI chip called the Ascend 910D, which it hopes will replace some of Nvidia's higher-end products. The company has approached some Chinese tech companies to test the chip's technical feasibility. Huawei wants its new chip to be more powerful than Nvidia's H100 chip. The US has limited China's access to Nvidia's most advanced AI products, including the H100 chip.

Nvidia Stock Drops on Huawei AI Chip News

Nvidia's stock price has dropped due to a report that Huawei is developing a rival AI chip. The Wall Street Journal reported that Huawei is preparing to test its new Ascend 910D chip, which could replace some of Nvidia's higher-end products. Nvidia's shares have lost a fifth of their value since the start of the year. The company is expecting a $5.5 billion charge due to US limits on exports of its H20 chips to China.

Nvidia Stock Sinks on China AI Ambitions

Nvidia's stock price has fallen due to reports of China's growing ambitions in the AI chip market. Huawei is developing a new AI chip called the Ascend 910D, which could compete with Nvidia's H100 chip. The US has banned the sale of some Nvidia chips in China, which has led to a decline in Nvidia's stock price. Despite this, Nvidia's stock is still considered a good investment opportunity, with a price target of $175.

Invest in AI Stocks

Investing in AI stocks can be a good opportunity for future gains. With $2000, you can invest in top AI stocks and potentially earn high returns. AI is a growing field with many applications, and investing in AI stocks can be a smart move.

Crypto Traders Believe AI Will Outperform Humans

A survey found that half of crypto traders believe AI will outperform humans in trading. The survey also found that 36% of respondents would trust AI with managing a majority of their crypto portfolio. AI is being used in the crypto market to analyze data and make decisions. Some traders believe AI can help them make better investment decisions, while others are skeptical.

Charles Schwab Uses AI for Efficiency

Charles Schwab is using AI to enhance efficiency and client service. The company's Schwab Knowledge Assistant has improved employee adoption and reduced research time. Schwab is also using AI for thematic investing, which involves selecting stocks based on exposure to major trends. The company's AI-powered Research Assistant helps investors make better decisions.

Large Language Models for Investment Firms

Large language models can be useful for investment firms, but they require careful consideration. The models can help with tasks such as data analysis and decision-making, but they also pose risks such as misinterpretation and regulatory uncertainty. Edouard Legrand, chief data officer at BNP Paribas Asset Management, believes that companies must develop a clear strategy for using AI and stay on course despite the challenges.

Guardforce AI Reports Financial Results

Guardforce AI has reported its financial results for 2024, with revenue increasing by 0.2% to $36.3 million. The company's gross profit increased by 16.1% due to cost control initiatives and a higher profit margin. Guardforce AI is focused on developing its AI technology and expanding its retail client base. The company's management believes that it is well-positioned to accelerate its AI Solutions strategy.

Invest in Discounted AI Stocks

Investing in discounted AI stocks can be a good opportunity for future gains. With the right investment strategy, you can potentially earn high returns. AI is a growing field with many applications, and investing in AI stocks can be a smart move.

Goodfire Raises $50 Million for AI Development

Goodfire has raised $50 million in a Series A funding round to support its AI development efforts. The company is focused on helping enterprises understand and design AI models. Goodfire's platform, Ember, decodes the neurons inside an AI model and enables users to precisely shape the behaviors and improve the performance of their AI models.

Alphabet Faces AI Headwinds

Alphabet is facing challenges due to the rise of AI, particularly in its search business. The company's Gemini model has an edge over competitors, but the market is becoming increasingly competitive. Despite this, Alphabet's stock is still considered a good investment opportunity, with a price target of $175. The company's secondary ventures in AI, autonomous driving, and other areas are making solid progress.

Sources

Huawei AI Chip Nvidia Ascend 910D Artificial Intelligence Machine Learning