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Alibaba, Tencent stockpile billions worth of Nvidia chips, Nikkei Asia reports

Alibaba (BABA), Tencent (TCEHY) and ByteDance asked Nvidia (NVDA) to ship about 1M H20 chips, ideally by the end of May, but the actual number delivered fell short due to new U.S. curbs, Nikkei Asia’s Cheng Ting-Fang, Lauly Li and Cissy Zhou report. According to sources, the H20 GPU was specifically designed for sale in the Chinese market to comply with U.S. export controls, but Alibaba and others began preparing last year for the possibility that their shipments could also be curbed.

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