Why does NVIDIA consider Huawei as its top competitor?

AI Chips: NVIDIA’s Chinese Rivals Scramble to Fill the Void

With the release of NVIDIA's financial reports for the fourth quarter and full year of 2023, the company's performance skyrocketed, leading to a surge in market value, surpassing $2 trillion at one point, making Jensen Huang the richest person of Chinese descent worldwide.

Behind this is the rise of large language models in 2023 and this year's Sora, which help create huge demand for AI chips. Coveting the market and potential profits, new players emerge on the horizon, ready to challenge NVIDIA’s reign.

And the company has identified its main competitor. In NVIDIA's annual report filed with the U.S. Securities and Exchange Commission (SEC) on February 21st, Huawei was listed for the first time as a major competitor in various fields of AI chips.