Posted 2/1/2024, 11:06:40 AM
Nvidia Unveils New Lower-Power AI Chip Aimed at Competing with Huawei in China
- Nvidia developed a new AI chip (H20) customized for China market, priced similarly to Huawei's Ascend 910B chip
- H20 less powerful than Nvidia's flagship H100 and China-specific H800 chips
- Nvidia faces rising competition from Huawei in China's AI chip market
- Nvidia plans to start delivering H20 chips to distributors in Q1 and ramp up in Q2
- Analysts bullish on Nvidia stock with $675 average price target (9.77% upside potential)