Nvidia’s stock slips as Chinese chipmakers like Huawei dominate Shanghai’s AI expo amid U.S. trade restrictions.

Nvidia’s inventory of H20 AI chips is unlikely to satisfy surging demand in China following a temporary lift of U.S. export restrictions, according to Jefferies.

Startup Z.ai, formerly known as Zhipu, announced Monday a new, low-cost AI model as Chinese companies race to stay at the ...