Market Chatter: Chinese Tech Giants Order $16 Billion Worth of Nvidia Chips; Alibaba Down 5%

MT Newswires Live

Apr 03, 2025

Alibaba (HKG:9988), Tencent (HKG:0700) and ByteDance are among Chinese tech giants that placed orders worth $16 billion between January and March for Nvidia's H20 server chips, Reuters said Wednesday, citing a report from the Information.

The H20 chips are highly advanced artificial intelligence processors that are legally allowed to be exported to China, as per US export controls, Reuters reported.

US-listed Nvidia did not comment on the matter, while Alibaba, Tencent and ByteDance did not respond to Reuters' requests for comments immediately, the report said.

Alibaba's shares dropped less than 5% and Tencent fell almost 2% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HTCD.SI","symbol_name":"Tencent HK SDR 10to1","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2524547028","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524547028","pubTimestamp":1743653280,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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