Chinese Tech Giants Place Over $35 Billion in Nvidia Chip Orders Amid US Export Restrictions

ByteDance, Alibaba, and Tencent have collectively ordered more than 3 million of Nvidia's new RTX PRO 5500 graphics cards, totaling over $35 billion. This surge in orders reflects a rush by Chinese tech companies to acquire less powerful but export-compliant chips due to ongoing US restrictions on advanced AI chip sales to China, highlighting significant demand and potential supply chain challenges for Nvidia.