Alibaba (BABA), ByteDance, and other Chinese firms still want Nvidia’s (NVDA) AI chips despite Beijing regulators strongly discouraging them from purchasing, Reuters reports, citing four people with knowledge of procurement discussions. These companies want reassurance that their orders of Nvidia’s H20 model are being processed and are closely monitoring Nvidia’s plans for a more powerful chip, the sources added.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade NVDAPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BABA:
- Nio vs. Alibaba (BABA): Which Chinese Stock Is the Better Pick After Earnings?
- Can Alibaba’s (BABA) Cloud and Quick Commerce Growth Push the Stock to $152? BofA Says Yes
- Mixed options sentiment in Alibaba with shares down 1.09%
- Why Alibaba’s (BABA) AI Strategy Prefers Growth Over Value
- Meituan Stock (MPNGF) Drops Despite Emerging as Latest Chinese AI Champion