Following the launch of DeepSeek's V4 AI model running on Huawei chips, market demand for Huawei's Ascend 950 AI chips surged, Reuters quoted sources as saying. Leading Chinese internet companies, including ByteDance, TENCENT (00700.HK) -11.400 (-2.379%) Short selling $1.60B; Ratio 8.896% and BABA-W (09988.HK) -4.600 (-3.522%) Short selling $1.94B; Ratio 17.389% , have approached Huawei regarding new chip orders, while companies specializing in cloud computing and GPU leasing services are also actively placing orders.Related News BOCI: Southbound Net Inflows Slow YTD, Focus on Internet, New Consumption and Semiconductor SectorsAlthough Huawei's 950PR chip performs significantly better than Nvidia (NVDA.US) 's H20 chip previously approved for sale in China, it still lags behind Nvidia's more advanced H200, the report added.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-30 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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