In response to US restrictions on chip exports, Chinese companies have been trying to develop their own hardware to power generative AI, but so far, have trailed behind. Now the Wall Street Journal reports that Huawei is not only preparing to ship more of its existing Ascend 910B and 910C chips,

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.

DeepSeek, and investment in AI seems to be supercharged. For example, Pony AI (NASDAQ: PONY) showcased its own Robotaxis this week, and BYD (OTCMKTS: BYDDY) has trounced Tesla (NASDAQ: TSLA) in both financials and the stock market.