Nvidia stock fell 2.1% to $108.84 Monday, while the S&P 500 rose 0.1%. The stock rose 4.3% in Friday’s session. Huawei has approached some Chinese tech companies about testing a

Huawei reportedly plans to soon begin testing its latest Ascend AI chip, the Ascend 910D, which the company hopes will rival Nvidia's H100.

Chinese tech giant Huawei is reportedly ready to test a new artificial-intelligence chip to compete with Nvidia — but the U.S. chipmaker shouldn’t be too concerned, according to one analyst. Huawei is looking to test its Ascend 910D chip with fellow homegrown tech companies and is expected to get its first samples of the chips next month,