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'ByteDance, Alibaba, Tencent Place Over $35 Billion Worth of Nvidia Chip Orders' - Reuters Exclusive

Oct 20, 2026 · 05:48 AM ET· updated 1h ago

ByteDance, Alibaba, Tencent have ordered more than 3 million RTX PRO 5500 workstation GPUsNew chip is compliant with US export controls on ChinaDemand shows how China's AI-computing shortage is sustaining interest

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Why It Matters

Three huge Chinese companies ordered over 35 billion dollars of computer chips from Nvidia. This shows China needs lots of computing power for artificial intelligence work.

This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
Tickers in Play
BABA107.00
-1.57 (-1.45%)
NVDA215.99
-1.10 (-0.51%)
TCEHY52.29
-0.46 (-0.87%)
RTX196.90
+4.79 (+2.49%)

Last session drawn · prints held ~15 minutes · licensed exchange data

Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.

Disclosure: Educational and informational purposes only. Not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.