Nvidia (NVDA) Stock Slips as Huawei Closes the Gap in China AI Chips

TLDR Nvidia (NVDA) stock fell about 1% on Oct 13 after an IDC report showed its China AI chip share dropped to 34% in the first half of 2026. Nvidia’s China shipments fell 44% from a year earlier to 678,000 AI accelerators. Huawei shipped 572,000 chips, up from more than 300,000, and holds 28% of the market. Non-GPU accelerators now outnumber GPUs by volume in China, led by Huawei, T-Head, Kunlunxin and Cambricon. IDC expects China’s total accelerator shipments to grow 19% this year while GPU shipments fall 9%.

Source: CoinCentral