Chinese tech giants Tencent Holdings (OTC:TCEHY), Alibaba Group Holdings Ltd (NYSE:BABA), and ByteDance have significantly increased orders for Nvidia Corporation’s (NASDAQ:NVDA) H20 AI chips, as the rise of DeepSeek’s low-cost AI models drives a surge in demand for AI computing power.
What Happened: The spike in H20 chip orders, reported by Reuters, citing six people familiar with the matter, highlights Nvidia’s continued dominance in the AI chip market.
The H20 is a China-specific chip, developed in response to U.S. export restrictions that prevent Nvidia from selling its most advanced AI hardware to Chinese companies.
While concerns about additional U.S. trade restrictions exist, sources say the primary driver behind …
Full story available on Benzinga.com
Chinese tech giants Tencent Holdings (OTC:TCEHY), Alibaba Group Holdings Ltd (NYSE:BABA), and ByteDance have significantly increased orders for Nvidia Corporation’s (NASDAQ:NVDA) H20 AI chips, as the rise of DeepSeek’s low-cost AI models drives a surge in demand for AI computing power.
What Happened: The spike in H20 chip orders, reported by Reuters, citing six people familiar with the matter, highlights Nvidia’s continued dominance in the AI chip market.
The H20 is a China-specific chip, developed in response to U.S. export restrictions that prevent Nvidia from selling its most advanced AI hardware to Chinese companies.
While concerns about additional U.S. trade restrictions exist, sources say the primary driver behind …
Full story available on Benzinga.com
Chinese tech giants Tencent Holdings (OTC:TCEHY), Alibaba Group Holdings Ltd (NYSE:BABA), and ByteDance have significantly increased orders for Nvidia Corporation’s (NASDAQ:NVDA) H20 AI chips, as the rise of DeepSeek’s low-cost AI models drives a surge in demand for AI computing power.
What Happened: The spike in H20 chip orders, reported by Reuters, citing six people familiar with the matter, highlights Nvidia’s continued dominance in the AI chip market.
The H20 is a China-specific chip, developed in response to U.S. export restrictions that prevent Nvidia from selling its most advanced AI hardware to Chinese companies.
While concerns about additional U.S. trade restrictions exist, sources say the primary driver behind …Full story available on Benzinga.com Read MoreAI Chips, artificial intelligence, BABA, benzinga neuro, ByteDance, DeepSeek, News, NVDA, Stories That Matter, TCEHY, Markets, Tech, NVDA, US67066G1040, TCEHY, BABA, News, Markets, Tech, Benzinga Markets
