Huawei wants to dethrone Nvidia in China as it plans for new AI chips to challenge the latter’s dominance in that space.

Dow Jones futures edged higher after hours while S&P 500 futures and Nasdaq futures rose slightly. Netflix surged late on strong earnings while United Airlines and Interactive Brokers rose on results.

Nvidia CEO Jensen Huang recently visited China to celebrate Chinese New Year with employees and reaffirm the company’s commitment

Jeff Bezos, Elon Musk, Mark Zuckerberg, Sam Altman and many more—one was missing: Jensen Huang, founder and chief executive of chip company Nvidia. He is spending time t

Huawei eyes larger share of domestic AI chip market by retrofitting AI models trained on Nvidia GPUs and helping companies make the two systems compatible.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

Nvidia has purportedly disabled overclocking and multi-GPU support on the RTX 5090D to ensure its performance does not exceed U.S. export regulations.

Nvidia stock fell Monday after the Biden administration released new rules aimed at controlling the flow of artificial intelligence to China.

The past two years have been big for Nvidia (NASDAQ: NVDA), thanks to its dominance in the artificial intelligence (AI) chip market. The stock roared higher, gaining more than 800% over the period -- and this movement drove Nvidia to a market value of more than $3.

Semiconductor stocks are getting hit with a wave of bearish pressures following news that the U.S. will take new steps to limit the export of advanced chips used for AI.

The CEO also confirmed plans to attend similar celebrations in Beijing next week, as part of Nvidia’s efforts to engage with its workforce and partners across Asia.

Nvidia has said Blackwell demand will likely drive revenues beyond the group's estimate of "several billion dollars" this quarter.