Nvidia (NVDA) has started shipping its new RTX6000D chip in China, but according to a Reuters report, early signs show soft demand. The RTX6000D was built to handle AI tasks and comply with U.S. export regulations. Yet buyers say the card is too costly at about $7,000 and too slow compared to other options.
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In tests, the RTX6000D fell behind the RTX5090. That card is banned from sales in China but can be found through gray market channels. It also sells for less than half the cost of the RTX6000D. As a result, some large Chinese tech firms have not placed orders.
Expectations vs Market
Analysts had forecast strong output. JPMorgan (JPM) projected about 1.5 million RTX6000D units for the second half of this year, while Morgan Stanley(MS) had expected two million units in the pipeline. Yet the early response shows a gap between those estimates and real buyer interest.
At the same time, firms such as Alibaba (BABA), Tencent (TCEHY), and ByteDance are waiting for more news on Nvidia’s H20 chip. The H20 won U.S. approval in July, but shipments have not resumed. These companies are also hoping the more powerful B30A chip will be cleared. The three models are all lighter versions of global chips. They were designed to match trade rules that limit China’s access to advanced AI hardware.
This market test for Nvidia comes as China and the United States remain locked in trade talks. Chinese leaders have been urging local firms to buy domestic chips even if many prefer Nvidia’s technology. Meanwhile, Beijing has accused Nvidia of breaking anti-monopoly law.
Is Nvidia Stock a Buy?
Nvidia continues to hold the Street’s endorsement with a Strong Buy consensus rating. The average NVDA price target is $211.26, implying an 18.85% upside from the current price.
