Key Takeaways Nvidia shares fell on Monday to snap a four-day winning streak following news that China's Huawei Technologies is developing a rival AI chip. The stock has pushed up against the upper trendline of a falling wedge pattern,

When it comes to designing semiconductor chips used to power artificial intelligence (AI) workloads, two companies stand head and shoulders above the rest: Nvidia (NASDAQ: NVDA) and Broadcom (NASDAQ: AVGO).

Nvidia stock fell 2.1% to $108.84 Monday, while the S&P 500 rose 0.1%. The stock rose 4.3% in Friday’s session. Huawei has approached some Chinese tech companies about testing a