Reuters, citing anonymous sources, reported that Chinese companies including ByteDance, Alibaba and Tencent ordered more than 3 million Nvidia Blackwell chips, worth a collective $35 billion. Nvidia's guidance, including projected third-quarter fiscal 2027 revenue of around $108 billion, has not included potential sales to Chinese companies. However, one source told Reuters Nvidia may fill only 5% to 10% of these orders, with capacity of at most 3 million Blackwell chips globally in 2027. The stock, which has fallen over 9% recently amid AI concerns and carries a roughly $5.2 trillion market cap, rose only marginally on the news.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
NVDAsemiconductorsChinaearnings
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▲ Likely positiveNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/19/2026 | 217.09 |
| Change that session | +1.38% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Chinese Tech Giants Order $35 Billion In Compliant Nvidia Chips
Two sources told Reuters that ByteDance, Alibaba and Tencent have ordered more than 3 million RTX PRO 5500 cards from Nvidia, worth over $35 billion at about $11,400 each. The workstation chip is less powerful than the H200 and B300 data center chips, but it is among the most powerful Nvidia chips Chinese buyers can still obtain. Nvidia may not fill all orders: partners might get only 5% to 10% of what they asked for, total Chinese orders have topped 6 million cards, and one source said Nvidia could make no more than 3 million cards globally in 2027. Early samples are expected in December, with commercial deliveries starting in the first quarter of 2027, mainly for AI inference. Nvidia blamed outdated US export controls and China's own limit on US imports, and its outlook does not include any China data center compute revenue.
- Not Even Rumors of a Big China Chip Purchase Can Lift Nvidia Stock
- Nvidia Reportedly Sees Alibaba, ByteDance, Tencent Order $35B In RTX PRO 5500 Chips Amid US Export Curbs
Reuters reported that Alibaba, Tencent, ByteDance and other Chinese firms have ordered over $70 billion worth of Nvidia's RTX PRO 5500 workstation graphics cards, with the three named companies accounting for more than 3 million units worth over $35 billion. Total orders from Chinese customers exceed 6 million units. Nvidia reportedly told partners it cannot guarantee fulfillment because demand exceeds planned production, and one source said it may deliver only 5% to 10% of the total order amount. The orders come as U.S. export controls bar sales of Nvidia's Blackwell-based B300 and limit H200 sales to case-by-case approval. Chinese companies reportedly want the less powerful RTX PRO 5500 mainly for AI inference, and NVDA stock edged 0.18% lower in pre-market trade.
- ByteDance, Alibaba and Tencent order $35 billion of Nvidia chips: Reuters
Nvidia has told customers it cannot guarantee fulfilling orders for its RTX PRO 5500 graphics cards, as demand from Chinese tech companies exceeds planned production, according to Reuters. ByteDance, Alibaba and Tencent ordered more than 3 million cards worth over $35 billion, at about $11,400 each. Nvidia reportedly told partners they might receive only 5% to 10% of requested quantities, and it can produce no more than 3 million RTX PRO 5500 cards globally in 2027. Total orders from Chinese customers exceed 6 million units. The RTX PRO 5500 is among the most powerful Nvidia chips still available to Chinese buyers under U.S. export restrictions, which bar the B300 and require case-by-case licensing for the H200.
- Market Chatter: Nvidia Receives Over $35 Billion in Chip Orders From ByteDance, Tencent, Alibaba
- DeepSeek teams up with Huawei to challenge Nvidia
DeepSeek is working with Huawei Technologies to design AI chips tailored to its models, with Huawei engineers stationed at its offices to incorporate feedback. DeepSeek plans to use Huawei's Ascend 950DT chips for model training as soon as the end of 2026, and Huawei plans to prioritize DeepSeek for most of its Ascend 960DT chips expected in the first quarter of 2027. According to Epoch AI, Nvidia's B300 delivers roughly seven times the raw arithmetic performance of Huawei's Ascend 950, and training a frontier model could require more than 10,000 Huawei chips working together for weeks. DeepSeek is also using the open-source TileLang to reduce reliance on Nvidia's CUDA ecosystem, while still seeking access to Nvidia's advanced processors. If the collaboration succeeds, it could offer a blueprint for other AI developers and a major step in reducing China's dependence on US technology.
Related markets
Latest news
- CEO Elon Musk Just Gave SpaceX Investors Great News
SpaceX reported third-quarter revenue of $14.6 billion (up 161%) and net income of $4.4 billion, versus a $1.1 billion net loss a year earlier, with adjusted EBITDA of $8.8 billion (up 306%), all above analyst expectations. Its Super Intelligence (SI) unit posted revenue above $7.5 billion, beating estimates by over $1 billion, while Starlink subscribers grew by 1.6 million to 13.6 million. Total capital expenditures were nearly $19.6 billion, with $16.4 billion allocated to SI. Musk expects compute capacity of 2.5–3 GW by year-end, up from 1.7 GW, says he feels confident of bringing another 10 GW online in 2027, and expects annual recurring revenue of $500 billion to $1 trillion by the end of 2027. Shares climbed nearly 5% in after-hours trading.
- Amazon vs Alphabet: Which "Magnificent Seven" Stock Is the Better Buy Right Now?
The article compares Amazon (AMZN) and Alphabet (GOOGL, GOOG), two of the world's most valuable companies. Alphabet's valuation is around $4.1 trillion versus Amazon's $2.8 trillion, but Amazon's revenue over the past four quarters, $776 billion, is much larger than Alphabet's $446 billion. Alphabet generated $148 billion in operating profit at a 33% margin, while Amazon's operating margin averaged just 12% over the past 12 months. Amazon's forward P/E is nearly 24, above the S&P 500 average of 19, while Alphabet's is just under 22, and the author concludes Alphabet is the better buy.
- September 2026 Quarterly Results
Westgold (ASX: WGX) reported Q1 FY27 (quarter ended 30 September 2026) gold production of 98.4koz at an AISC of $2,912/oz, versus 98.9koz at $2,802/oz in Q4 FY26. The company recorded no lost time injuries, lifted ore stockpiles 51% to 696kt, and reaffirmed FY27 guidance of 385–425koz. An AISC margin of $3,117/oz delivered $292M in mine operating cash flow and an underlying Treasury build of $251M, lifting cash, bullion and liquid investments to $1,040M, and the company remains debt free and unhedged. Group Ore Reserves rose 41% to 4.1Moz, a $50M on-market buy-back was approved with $22M already bought, and a revised policy sets a minimum annual return of 3 cents per share.
- Elon Musk pushes to merge SpaceX and Tesla
Elon Musk said he wants to merge SpaceX and Tesla, two companies he said are worth a combined $3.5tn (£2.6tn). Both firms have set up committees of independent directors to study the idea at shareholders’ request, while Musk, who has major stakes in each, is excluded from the talks. He said there was “a lot of merit” to combining them, citing gains from co-operating on AI software, chip design, the TeraFab chipmaking plant and robotics, but cautioned that a merger should not be seen as a certainty because shareholders must support it. Tesla shares rose 1% after the announcement, while SpaceX shares gained more than 6% after better-than-expected quarterly results, with revenue up 161% to $14.6bn and a $4.4bn profit driven by its AI business.
- Pinterest Just Gained 20% in a Month: Take Profits, or Buy More?
Pinterest (PINS) shares rose 20% over the past month through Monday's close, outpacing the S&P 500's 0.6% gain and Snap's 13%. The stock fell in September after CEO Bill Ready warned about pressure in the international business, but it bottomed just above the roughly $18.17 average price of its buybacks and rallied in October. On Oct. 5, Pinterest named James Dibbo CFO, effective Oct. 26; he previously ran finance for Amazon Ads and Prime Video. At a forward P/E of 10.3x versus a five-year average of 24x, the author sees room for the multiple to rise if US and Canada growth stays near 18%, but warns that a miss on third-quarter revenue guidance of $1.19 billion to $1.21 billion could send the stock back toward the $18 buyback price.
- Why Dime Commercial Bancshares Stock Rocked the Market Today
Dime Commercial Bancshares (DCOM) shares rose about 6% on Tuesday, while the S&P 500 gained 0.3%, after the bank posted a solid third-quarter report and announced an acquisition. Total revenue climbed 19% year over year to over $135 million and deposits grew 7% to $12.8 billion, while loans edged down to under $10.8 billion. Non-GAAP attributable net income rose almost 50% to $39.1 million ($0.91 per share), and CEO Stuart Lubow pointed to $2.2 billion in cash and an 83% loan-to-deposit ratio as results of a deliberately liquid balance sheet. Dime agreed to buy ES Bancshares for about $58 million in cash and stock, strengthening its presence in Brooklyn and Staten Island, at roughly 1.1 times the target's tangible book value per share.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.