The Trump administration has blocked Nvidia's chip sales to China, but Huawei is already stepping up with its own AI replacement

Huawei prepares to test its Ascend 910D AI chip as new US tariffs and restrictions reshape the global semiconductor trade.

It's been a rough year for Nvidia ( NVDA 4.11%). Since 2025 began, Nvidia's stock has fallen by more than 30%, shedding more than $1 trillion in value off the company's market cap. Yet Nvidia's end markets are still growing by leaps and bounds, especially when it comes to data center revenue tied to the artificial intelligence (AI) sector.