DeepSeek and Huawei Team Up to Build CUDA Alternative for Ascend Chips
NVDA sits 39% above its 52-week low of $164.27.
Summary
DeepSeek and Huawei are jointly developing programming tools for Huawei's Ascend chips, open-sourcing TileLang and related libraries. This directly targets Nvidia's CUDA moat by offering a simpler programming model. The move accelerates China's push for domestic AI chip independence, a threat to Nvidia's China revenue. Watch for adoption metrics from Chinese AI developers and any further state-backed initiatives.
At the time of this announcement, NVDA was trading at $228.35 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.5T. The 52-week trading range was $164.27 to $236.54. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.