Since 2025 began, Nvidia's stock has fallen by more than 30%, shedding more than $1 trillion in value off the company's market cap. Yet Nvidia's end markets are still growing by leaps and bounds, especially when it comes to data center revenue tied to the artificial intelligence (AI) sector.

Huawei is firing up its chip factories just as Nvidia (NVDA) packs its bags. The Chinese tech giant is prepping to mass-produce its Ascend 910C

The U.S.'s policy goals may not be coherent, while China's own chip efforts and distributed AI training grow more capable.