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ByteDance, Alibaba and Tencent Order $35 Billion of Nvidia Chips

Original: ByteDance, Alibaba and Tencent Just Ordered $35 Billion of Nvidia Chips

Chinese tech giants ByteDance, Alibaba and Tencent have placed orders for roughly $35 billion worth of Nvidia chips, according to a report picked up widely in financial media. The massive combined purchase underscores how critical Nvidia's processors remain to China's leading internet and AI companies, even as export controls complicate US chip sales to the country. It highlights the scale of demand for AI computing power.

Why now: The sheer size of the order, alongside ongoing US-China tensions over semiconductor exports, makes it a major story for tech and markets.

ByteDanceAlibabaTencentNvidia

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