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.

Huawei prepares to test its Ascend 910D AI chip as new US tariffs and restrictions reshape the global semiconductor trade.

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.