Huawei's New AI Chip Affects Crypto Markets

Huawei plans to test and ship its latest AI chip, Ascend 910D, intensifying market activity in China amid Nvidia’s challenges, as of April 27, 2025.

The announcement affects global AI hardware markets and spikes in AI-related cryptocurrencies like Render Token and Fetch.ai, responding to Nvidia’s export issues.

Huawei Sets Sights on Nvidia’s Restricted Market

Huawei prepares to test and ship its latest AI chip, Ascend 910D. The chip succeeds the Ascend 910C, targeting markets affected by U.S. restrictions on Nvidia. Matthew Bryson, Semiconductor Analyst at Wedbush Securities, remarked, “If you push Nvidia out of the H20 or the Nvidia’s H20 out of China and Huawei fills the void then potentially Nvidia loses that market.”

Huawei’s strategic push into AI chips challenges Nvidia’s hold in China. The move seeks to capitalize on local demand and fill gaps left by international export restrictions.

AI Announcement Propels Render Token, Fetch.ai Prices

The AI chip announcement triggered shifts in AI-related cryptocurrencies, with noticeable price spikes in Render Token and Fetch.ai, showing market optimism.

Nvidia faced a 28% YTD stock decline due to export controls, while Huawei’s strategy may alter AI hardware and blockchain landscapes, as evidenced by rising crypto activity.

Export Controls Drive Local Production Surge

Export controls have historically boosted local production; past U.S. sanctions on Nvidia similarly impacted the market landscape and cryptocurrency tokens.

Experts suggest Huawei may capture market segments vacated by Nvidia. The semiconductor sector and AI-related cryptocurrencies are poised for volatility, mimicking historical patterns.

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