A firm linked to Thailand’s national AI initiative is suspected of helping smuggle billions of dollars’ worth of Super Micro Computer (SMCI) servers containing advanced Nvidia (NVDA) chips to China, Bloomberg’s Mackenzie Hawkins and Kari Soo Lindberg report. Some of the $2.5B worth of servers sold to OBON allegedly went to Alibaba (BABA), according to people familiar with the matter. “Alibaba has no business relationship with Super Micro, OBON or any third-party brokers who may have been mentioned in the indictment in question,” a spokesperson for the Chinese company said. “We have no involvement in the alleged smuggling activities. We do not currently use, and have never used, any banned Nvidia chips at our data centers.”
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 NVDA:
- TSMC Revenue Surges 17.5% in April — What It Means for Nvidia and Other AI Chip Stocks
- Nvidia Stock (NVDA) Could See ‘Major Re-Rating’ Ahead of Earnings, Says Goldman Sachs
- Goldman Sachs Sets the Stage for Nvidia Stock Ahead of Next Week’s Earnings
- Is Nvidia Stock (NVDA) Still a Buy in 2026? 3 Risks Every Investor Needs to Know
- IREN Stock Rockets 26% on NVIDIA’s $2.1B Investment Deal and European Expansion