Market Chatter: Nvidia Receives Over $35 Billion in Chip Orders From ByteDance, Tencent, Alibaba

MT Newswires Live10-20 17:46

Nvidia (NVDA) has received orders from ByteDance, Tencent and Alibaba Group (BABA) for more than 3 million of its new RTX PRO 5500 graphics cards, with the total value exceeding $35 billion, Reuters reported Tuesday, citing unnamed sources familiar with the matter.

Sources told Reuters that Nvidia has warned its partners and customers that there is no guarantee the orders will be fulfilled as demand from Chinese companies outstrips its planned production. The RTX PRO 5500 is an export-compliant chip, according to the report.

The total orders from Chinese customers have exceeded 6 million, while Nvidia had indicated that it only produce up to 3 million RTX PRO 5500 chips in 2027, the sources said.

The companies did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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