Nvidia stock fell 2.1% to $108.84 Monday, while the S&P 500 rose 0.1%. The stock rose 4.3% in Friday’s session. Huawei has approached some Chinese tech companies about testing a

Huawei is gearing up to launch its newest and most powerful artificial-intelligence processor, taking aim at U.S. chip giant Nvidia. Stephen 'Sarge' Guilfoyle, contributor on TheStreet Pro, explains why he’s stepping away from Nvidia (NVDA) amid shifting industry dynamics.

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.