Global Markets React to Huawei’s Chip Ambitions, UAE Rate Cut, and Geopolitical Tensions
Stock Market News·2025-09-18 11:39
Key TakeawaysHuawei (HWT.UL – unofficial, as Huawei is not publicly traded) announced an aggressive roadmap for its Ascend and Atlas AI chips, with the Ascend 910C launched in Q1 2025 and new Ascend 950PR/950DT chips slated for 2026, alongside the Atlas 950 Supercluster in late 2025, aiming to bolster China's domestic AI computing power amidst U.S. restrictions.The UAE Central Bank cut its benchmark interest rate by 25 basis points to 4.15% on Wednesday, mirroring a move by the U.S. Federal Reserve and mark ...