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. Huawei is looking to test its Ascend 910D chip with fellow homegrown tech companies and is expected to get its first samples of the chips next month,

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.

Huawei reportedly plans to soon begin testing its latest Ascend AI chip, the Ascend 910D, which the company hopes will rival Nvidia's H100.