Chinese Tech Firms Bought 1 Million Nvidia Gaming Chips This Year. Here's Where It Shows Up

According to the Financial Times, Chinese tech groups have bought more than 1 million Nvidia gaming and workstation chips this year to cover a shortfall in AI computing power. These products are not blocked by U.S. export rules; they are slower than Huawei's Ascend 910C at most tasks but adequate for simpler AI work. Domestic Chinese AI chip supply could reach about 3.5 million units this year, while demand is expected to far exceed 5 million. Nvidia's revenue from customers headquartered in China, including Hong Kong, reached $7.88 billion in the most recent quarter, roughly double a year earlier, yet its guidance still assumes no China data center compute revenue. Oracle is named as the clearest U.S. beneficiary, as Tencent reportedly agreed to lease access to about 100,000 advanced AI chips through Oracle's Southeast Asian data centers.

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Original headline: Chinese Tech Firms Bought 1 Million Nvidia Gaming Chips This Year. Here’s Where It Shows Up

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