This is probably true in the Chinese market
As reported by Reuters, Nvidia for the first time named Huawei as its main competitor. Nvidia wrote about this in its filing with the US Securities and Exchange Commission late on Wednesday. The document listed Huawei as a major competitor in several categories.
Nvidia believes it is competing with Huawei in making artificial intelligence chips. Nvidia's other competitive areas include the production of graphics processors, central processing units and networking chips. In the document, Nvidia described Huawei as a company that provides cloud services and develops its own computing hardware and software for artificial intelligence systems.
Nvidia did not explain what it means by calling Huawei a competitor. The Chinese company does have a line of accelerators for AI tasks, but the main solution — Ascend 910B — competes with the Nvidia A100 GPU from three years ago.