Story perspectives
DeepSeek's Model Shocks Nvidia as Huawei Pursues Chip Self-Sufficiency
9/29/2025
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Story summary
- DeepSeek's new model shocked Nvidia investors and coincided with Nvidia shares dropping as it shifts to domestic chips.
- Huawei unveiled its Ascend chip series to pursue tech self-sufficiency amid US restrictions.
- US export controls limit Chinese firms to older chip technologies, constraining production.
- Analysts say local chips are improving but still lag Nvidia. Alibaba and Baidu push adoption amid bottlenecks.
