• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

ByteDance, Alibaba and Tencent order over $35B in Nvidia chips amid US curbs: report

by October 20, 2026
written by October 20, 2026

ByteDance, Alibaba and Tencent have ordered more than 3 million of Nvidia’s RTX PRO 5500 graphics cards, with a combined potential value exceeding $35 billion.

The development came as Chinese technology companies scramble to secure computing power amid US restrictions on semiconductor exports, Reuters reported, citing two people familiar with the matter.

The orders reflect continued demand for Nvidia hardware in China despite Washington’s curbs on shipments of advanced artificial intelligence chips.

However, the US chipmaker has warned customers and partners that it cannot guarantee deliveries because demand from Chinese technology companies far exceeds its planned production, according to Reuters.

Nvidia struggles to meet Chinese demand

The RTX PRO 5500 is a workstation graphics card designed for powerful professional computers rather than the large data-centre clusters used to train and run advanced AI models.

However, it is among Nvidia’s most powerful chips still available to Chinese buyers.

One source told Reuters that Nvidia had informed partners they might receive only 5% to 10% of the quantities they requested.

Another source said the company had indicated it could manufacture no more than 3 million RTX PRO 5500 cards globally in 2027.

Total orders from Chinese customers have exceeded 6 million, two of the sources said.

The three Chinese technology giants have ordered cards priced at around $11,400 each, putting the potential combined value of their purchases above $35 billion.

The scale of the orders, which have not previously been reported, highlights the substantial appetite for Nvidia’s computing hardware in China, even as export restrictions limit access to its most advanced products.

US export restrictions reshape China’s AI chip market

Washington’s export controls have sharply curtailed China’s access to Nvidia’s leading AI processors.

The company’s Blackwell-based B300 data-centre chip cannot be sold to Chinese buyers under current restrictions, while exports of its Hopper-based H200 are reviewed case by case and remain subject to licensing conditions.

Nvidia Chief Executive Jensen Huang has said US restrictions reduced the company’s share of China’s AI data-centre chip market from a near monopoly to effectively nothing.

However, demand for the RTX PRO 5500 suggests that Nvidia continues to have a substantial potential market in China through less powerful products that remain available.

The restrictions have also intensified pressure on China’s domestic semiconductor industry as companies race to develop advanced AI models and Beijing seeks to deploy the technology across industries.

Huawei has gained market share as Chinese firms turn towards domestic suppliers.

However, local chipmakers have generally struggled to match leading American products, partly because separate restrictions have limited their access to the foreign equipment needed to manufacture advanced semiconductors.

Nvidia criticises restrictions as competition intensifies

An Nvidia spokesperson said Chinese manufacturers of workstation chips and graphics cards had experienced “unprecedented growth since 2022,” when the restrictions were first imposed.

“US firms continue ‌to be restricted ⁠by a combination of outdated US export controls, which cover gaming products released nearly a half a decade ago, and China’s own limit on US imports,” the spokesperson said.

The rush for RTX PRO 5500 cards illustrates the challenges facing Chinese technology companies seeking access to powerful computing hardware while navigating restrictions imposed by both Washington and Beijing.

For Nvidia, the orders represent potential demand for its products in a market where its access to advanced AI computing sales has been severely constrained.

Its ability to capitalise on that demand, however, will depend on production capacity, export rules and the policies governing US chip imports into China.

The post ByteDance, Alibaba and Tencent order over $35B in Nvidia chips amid US curbs: report appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Nvidia, AMD and Intel stocks fall again in premarket: what went wrong overnight?
next post
CoreWeave stock falls 5% in premarket: why HSBC sees 36% downside

related articles

Rocket Lab stock analysis ahead of earnings: beware...

November 9, 2026

Dow rises 597 pts as oil falls, Nvidia...

November 9, 2026

Constellation Energy stock’s post-earnings rally is an opportunity...

November 9, 2026

DJT Stock Hits a Record Low After the...

November 9, 2026

Analysts have downgraded these 3 stocks despite strong...

November 9, 2026

Who is Alice Huang? What we know about...

November 9, 2026

Nio stock has dipped this year: Is it...

November 9, 2026

Top US stocks to watch this week: Cisco,...

November 9, 2026

Why is Jim Cramer refusing to buy SpaceX...

November 9, 2026

Musk says Cybertruck not unprofitable but will still...

November 9, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Surprise election upset shows hating Trump is no longer enough as Democratic voters turn to new playbook

    August 21, 2026
  • Dow ends lower as AI selloff drags Nasdaq, defensive stocks gain

    June 26, 2026
  • Top DAX Index shares to watch next week: Bayer, BMW, Rheinmetall, Vonovia

    October 30, 2026
  • Telus stock is getting highly oversold: will it rebound or crash further?

    September 29, 2026
  • Three must-own dividend stocks irrespective of the broader market trajectory

    June 18, 2026

Popular Posts

  • 1

    Why SpaceX stock is down around 3% on Tuesday

    September 15, 2026
  • 2

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 3

    Micron stock falls 4%, why this analyst sees 40% upside for the stock?

    September 28, 2026
  • 4

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 5

    Evening digest: US jobs cool, gold falls as Treasury yields rise

    October 2, 2026

Categories

  • Editor's Pick (711)
  • Investing (2,391)
  • Stock (90)

Latest Posts

  • Viasat stock jumps as Space Force wins fuel bullish analyst outlook

    June 30, 2026
  • SpaceX stock has 38% upside on Wall Street, so why are investors still selling?

    October 14, 2026
  • Hang Seng Index rallies as Alibaba, Tencent, Lenovo shares surge

    July 8, 2026

Recent Posts

  • RKLB stock suffers a brutal reversal as a bullish pattern begins to take shape

    June 17, 2026
  • Samsung, SK Hynix stocks crash 9%-11% as risk shifts from chips to customers

    October 15, 2026
  • PepsiCo beats revenue estimates but warns North America demand remains under pressure

    July 9, 2026

Editor’s Pick

  • BlackRock stock has slumped into a correction: Will it rebound as earnings loom?

    October 2, 2026
  • Why are Intel and AMD stocks surging on Monday?

    September 21, 2026
  • Top 4 risks facing the Dow Jones and DIA stock this year

    June 10, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock