Even after getting approval from the US, demand in China still looks weak. Beijing seems fully focused on one thing now: build local, support local.
Instead of depending on American AI hardware, China is pushing hard for domestic tech — and Huawei is becoming a major player in the AI chip war.
Markets reacted fast 👇
📉 Dow Jones: -517 pts
📉 Nasdaq: -402 pts
📉 S&P 500: -91 pts
📉 NVIDIA ($NVDA): -4.4%
At this point it’s bigger than just AI innovation.
This is turning into a fight for technological independence and global dominance. 👀