Chinese Tech Giants Spent Billions on Nvidia Chips Ahead of U.S. Export Ban

GuruFocus.com

04-23

Chinese tech giants ByteDance, Alibaba (BABA, Financials), and Tencent (TCEHY, Financials) rushed to secure nearly one million H20 AI chips from Nvidia (NVDA, Financials) before U.S. export ...

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The H20 chips, designed to comply with earlier U.S. curbs, are a lower-powered version of Nvidia's H100 and are widely used in China for AI inference tasks.ByteDance was reportedly the biggest buyer, with Alibaba and Tencent also placing large orders. The urgency reflects China's growing need for AI computing power, fueled by demand for services like Tencent's WeChat-integrated DeepSeek.Nvidia said earlier this month it expects a $5.5 billion revenue hit in the first quarter due to the export restrictions. Still, its stock rose 2% on Tuesday. Tencent shares climbed 3% and Alibaba gaine","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","NVD3.UK":"LS 3X NVIDIA","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","SNVD.UK":"LS -1X NVIDIA","NVDS.UK":"LS -1X NVIDIA","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","SG9999015978.USD":"利安颠覆性创新基金A","LU0821914370.USD":"贝莱德亚洲成长领袖A2","BK4587":"ChatGPT概念","NVD2.UK":"2X NVIDIA ETP","LU1008478684.HKD":"UBS (LUX) EQUITY FUND -  CHINA OPPORTUNITY \"P\" (HKD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","NVDD":"Direxion Daily NVDA Bear 1X Shares","HTCD.SI":"Tencent HK SDR 10to1","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","NVDA":"英伟达","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","NVDS":"Tradr 1.5X Short NVDA Daily ETF","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4502":"阿里概念","NVDU":"Direxion Daily NVDA Bull 2X Shares","2NVD.UK":"2X NVIDIA ETP","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","09988":"阿里巴巴-W","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","HBBD.SI":"Alibaba HK SDR 5to1","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","NVIW.SI":"NVDA 3xLongSG261006","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","LU1769817096.USD":"UBS (LUX) EQUITY SICAV - GLOBAL EMERG MARKETS OPPO \"P\" (USD) INC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BABA":"阿里巴巴","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","3NVD.UK":"LS 3X NVIDIA","SGXZ81514606.USD":"大华环球创新基金A Acc USD"},"translate_title":"在美国出口禁令之前，中国科技巨头在英伟达芯片上花费了数十亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09988":0.6,"2NVD.UK":0.6,"3NVD.UK":0.6,"BABA":0.9,"HBBD.SI":0.9,"HTCD.SI":0.9,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDA":1,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDY":0.6,"NVIW.SI":0.6,"SNVD.UK":0.6},"content_text":"Chinese tech giants ByteDance, Alibaba (BABA, Financials), and Tencent (TCEHY, Financials) rushed to secure nearly one million H20 AI chips from Nvidia (NVDA, Financials) before U.S. export restrictions kicked in earlier this month, Nikkei Asia reported Wednesday.\n\nWarning! GuruFocus has detected 2 Warning Signs with BABA.\n\nThe companies spent more than $12 billion on the chips, according to the report, aiming to build up a year's supply before the new rules took effect. The H20 chips, designed to comply with earlier U.S. curbs, are a lower-powered version of Nvidia's H100 and are widely used in China for AI inference tasks.\nByteDance was reportedly the biggest buyer, with Alibaba and Tencent also placing large orders. The urgency reflects China's growing need for AI computing power, fueled by demand for services like Tencent's WeChat-integrated DeepSeek.\nNvidia said earlier this month it expects a $5.5 billion revenue hit in the first quarter due to the export restrictions. Still, its stock rose 2% on Tuesday. Tencent shares climbed 3% and Alibaba gained 5.36% in Hong Kong trading.\nAs access to U.S. chips narrows, Chinese firms are looking at alternatives such as Huawei's Ascend processors and exploring workarounds, including offshore subsidiaries. The rush highlights the growing divide between Washington and Beijing over control of next-generation tech.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}