Nvidia Stock Fell Nearly 5% On Monday After Huawei Mass Shipping AI Chips In China Report Surfaced, But Bernstein Analyst Says It Doesn't Matter: 'They Can't Compete Anyway'

Nvidia's stock dropped 4.51% on Monday following reports that Huawei is ramping up AI chip production, while Bernstein analyst Stacy Rasgon dismissed the impact, stating Nvidia "can't compete" in China due to U.S. export restrictions.