- Huawei suggests that his new AI chip will be ready for testing at the end of May.
- The Ascend 910D processor is designed to compete with the NVIDIA H100, a popular ia chip.
- Nasdaq loses weight despite optimism for the upcoming profits of Microsoft, Apple, Amazon and Meta Platforms.
- The long -term support for NVDA could be as low as $ 76.00.
The Nasdaq Composite index is under pressure from the actions of NVIDIA (NVDA) on Monday, since the latter succumbs to a renewed pressure from China. In the light of the recent export restrictions of the Nvidia AI chips, Huawei of China is expected to receive its first shipment of a chip for the workloads of AI that the company’s executives believe that it will compete directly with the Nvidia offers.
The Nasdaq rose about half a percentage point in the first measures on Monday before yielding to the Nvidia pressure, which has fallen more than 3.5% at the time of writing this. The Nasdaq index has decreased approximately 1% at the same time.
Much of the US variable rental market is still quite optimistic in a week that will witness the publication of several of the greatest technological actions. Microsoft (MSFT) and Meta Platforms (Meta) they inform about their profits on Wednesday, while Apple (AAPL) and Amazon (AMZN) They report on Thursday.
In other news, a massive electric blackout has affected Portugal, Spain and France, and researchers are not sure what caused it.
News about Nvidia actions
The Wall Street Journal reported on Sunday that Huawei was telling the interested parties that the first shipments of their new chip of AI will arrive at the end of May. It is assumed that the Huawei Ascend 910D processor will offer more power than the NVIDIA H100 chip, which is used by data centers to process large workloads of AI that train large language models and other AI systems.
Huawei has approached several Chinese technology companies, which according to the article have shown interest in testing the new product. China had been the buyer of up to a quarter of the nvidia the IA chips until the Biden administration submitted the H100 and certain other chips designed in the US. UU. To export licenses at the end of 2022.
Nvidia sought to deal with Biden policy by introducing the H20 chip, a less powerful chip that Chinese companies could legally buy. But earlier this month, the Trump administration also added the restriction of export license to the H20 chip.
With the introduction of the Ascend 910D processor, Chinese technological giants could become less dependent on NVIDIA technology in the future, even if US policies responsible. Eventually raise their barriers to AI technology exports.
Many Silicon Valley observers see the new Huawei processor as the second blow after Deepseek from China demonstrated in January that he could build his own llm of the much cheaper than the existing US offers. UU.
NVIDIA actions forecast
Nvidia’s actions fell below their lower ascending (green) trend range on March 3, and since then NVDA has been in a clear downward trend. Nvidia has been quoting below its single mobile (SMA) average (SMA) since the end of February at this time, and should worry the bulls that the recent recovery has not touched that mobile average.
The real question is if NVDA can fall below the minimum of April 7, $ 86.62. The evidence would lead to an affirmative response, since the clear historical support in $ 92 had no chance.
If the $ 86 zone is not maintained, then the minimum of April 2024 around $ 76 is the following bet. Most market observers remain optimistic about NVIDIA’s long -term perspectives, so actions at that level should attract a serious purchase in the fall.
DAILY GRAPH OF THE NVDA ACTIONS
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
