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Nvidia's H20 chip orders jump as Chinese firms adopt DeepSeek's AI models, sources say

Chinese tech companies Tencent Holdings, Alibaba Group Holdings Ltd, and ByteDance raised orders for Nvidia Corporation's H20 AI chips due to demand for AI computing power driven by DeepSeek's low-cost AI models.
Nvidia's H20 chip was developed in response to U.S. Export restrictions, allowing sales to Chinese companies for AI applications.
Analysts estimate that Nvidia shipped approximately 1 million H20 chips in 2024, generating over $12 billion in revenue.
Nvidia's stock dropped 17%, leading to a $600 billion fall in market capitalization due to a broader tech market downturn and concerns about trade restrictions.

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Fortune

Nvidia gets a DeepSeek-inspired boost in China ahead of earnings

Nvidia’s H20 chips are in high demand in China—indicating that DeepSeek's more efficient AI doesn’t mean lower chip demand.

15 hours ago·New York, United States

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Seeking Alpha

Alibaba, ByteDance, and Tencent boost orders for Nvidia's H20 chip amid DeepSeek frenzy

Nvidia's H20 chip gains traction in China amid AI demand surge, with Tencent, Alibaba, ByteDance leading orders. Discover how U.S.

23 hours ago·United States

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Benzinga

Nvidia Sees Rush For H20 AI Chip Orders As DeepSeek Disrupts AI Market

Chinese tech giants Tencent, Alibaba, and ByteDance have ramped up orders for Nvidia's H20 AI chips, driven by the rising adoption of DeepSeek's cost-efficient AI models, reinforcing Nvidia's dominance in China despite U.S. export restrictions.

1 day ago·New York, United States

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Reuters

+2 Reposted by 2 other sources

Nvidia's H20 chip orders jump as Chinese firms adopt DeepSeek's AI models, sources say

The surge in orders underlines Nvidia's dominance of the market.

1 day ago·United Kingdom

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South China Morning Post

DeepSeek’s AI models boost Nvidia chip demand in China

Tencent, Alibaba and ByteDance are said to have significantly increased orders of the H20 since DeepSeek gained global attention.

1 day ago·Hong Kong

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winfuture.de

DeepSeek leads to rush on Nvidia's H20 chips in China

Chinese technology companies massively increase their capabilities for Nvidia's H20 AI chips. The boom is driven by the constant demand for cost-effective AI models from the startup Deep-Seek. (Read more)

14 hours ago

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