The Rundown Huawei Takes a Swing at Nvidia with New AI Chip, DoorDash Offers $3.6B to Buy Deliveroo
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Apr 28, 2025 Huawei's new AI chip threatens NVIDIA's dominance while shedding light on the shifting landscape of tech. Tariff changes may raise consumer prices for e-commerce, and the food delivery sector is seeing intriguing developments as Deliveroo's stock surges amidst a buyout offer. Meanwhile, Domino's struggles with declining sales, indicating broader economic trends affecting businesses. California's GDP growth adds another layer of complexity, spotlighting the potential advantages during uncertain macroeconomic times.
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Huawei Challenges NVIDIA's AI Lead
- Huawei is developing the Ascend 910D AI chip aiming to compete with NVIDIA in China and beyond.
- US export restrictions are accelerating China's push for domestic AI chip innovations.
Tariffs Drive Sharp Price Increases
- Tariffs are causing major price hikes for Chinese e-commerce items in the US, like kitchen towels jumping from $1.28 to $6.
- Removal of the de minimis exception will broadly increase consumer prices on imports starting May 2nd.
DoorDash Buys Deliveroo Boosting Shares
- DoorDash offered to buy Deliveroo for $3.6 billion, boosting Deliveroo shares to a three-year high.
- Investors are optimistic due to Deliveroo's recent first-ever annual profit and DoorDash's proven profitability.