Nvidia was edging down early on Wednesday. The chip maker could be about to face more competition in the market for artificial-intelligence processors. Nvidia shares were off 0.3% at $902.91 in premarket trading.

Engineers have become like the prized graphic chips produced by chip design firm Nvidia. In the case of engineering talent, surplus countries will hoard talent and those with a deficit will, against considerable odds,

There are companies in every corner of the world that are willing to compete against Nvidia and claim their spot as the best AI chip producer in the industry. On the other hand, NVIDIA which is based out of the US has created dominance in the market area with its high-ranking H100 graphics processing unit

Nvidia stock was edging down early on Wednesday. And although the chip maker could be about to face more competition in the market for artificial-intelligence processors, analysts at Goldman Sachs are backing the stock to head higher.