Huawei's Ascend Chips Have Overtaken NVIDIA in China's AI Market

Bernstein Research estimates that Huawei's Ascend chips now hold roughly 50% of China's AI accelerator market, up from near zero a year ago, while Nvidia's share has fallen to about 8% from 40%. The shift is powered by the Ascend 950PR chip and a production ramp to 1.6 million dies in 2026.