ByteDance, Alibaba and Tencent Just Ordered $35 Billion of Nvidia Chips
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BizTocByteDance, Alibaba and Tencent Just Ordered $35 Billion of Nvidia Chips
China's tech giants just placed chip orders so massive that Nvidia admitted it cannot guarantee filling them, and the stock barely flinched. The reason why reveals something surprising about where Nvidia's real growth story is headed.
Chinese Tech Giants’ $35 Billion Nvidia Order Highlights Shortcomings of Domestic Alternatives
Three of China's largest tech companies have reportedly placed orders for over $35 billion worth of Nvidia graphics cards. This massive procurement action reveals that despite Huawei's efforts to develop domestic alternatives, Chinese tech firms still heavily rely on American technology. According to Reuters, ByteDance, Alibaba, and Tencent have purchased over 3 million units of Nvidia's new RTX PRO 5500 graphics cards. Due to the demand from Ch…
China's companies ordered more than 3 million Nvidia plates in operation of more than 35 billion dollars, about R$ 190 billion. Nvidia communicated to partners, according to Reuters, which can deliver only between 5% and 10% of the requested, and Huawei tends to inherit the space that the U.S. embargo opened.
Demand from China far exceeds Nvidia's planned productionMore...
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