SOXL - What's Going On With Nvidia Stock Thursday? | Benzinga
Nvidia Corp (NASDAQ:NVDA) stock is trading up Thursday amid reports of the chip designer initiating pre-orders for its new artificial intelligence (AI) chip, the H20, tailored specifically for the Chinese market, competing directly with Huawei Technologies Co’s product at similar price points.
Developed in response to expanded U.S. restrictions on high-end chip exports, the H20 is part of Nvidia’s strategy to navigate technological limitations that could advance China’s military AI and computing capabilities.
Despite being less powerful than Nvidia’s flagship H100 and the previously banned H800, the H20’s performance also seems to fall short in some aspects compared to Huawei’s Ascend 910B, Reuters cites industry sources.
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The H20 chip, priced between $12,000 and $15,000, is being ...