Nvidia Stock News: NVDA Rises As $70 Billion China Chip Order Stuck In Queue
Photo: Coinpedia
Chinese tech giants have placed orders for about 6 million of Nvidia’s RTX Pro 5500 chips, worth roughly $70 billion, but most of that demand will go unfilled for now, Bloomberg reported. Alibaba, Tencent and ByteDance expect to receive only a small portion in the coming months because Nvidia is giving priority to its costlier AI processors for customers like OpenAI and Anthropic. With TSMC capacity tight and shifting toward the next-generation Rubin platform, Chinese buyers estimate deliveries of around 700,000 units by the end of 2027.
Source: Coinpedia
