• Cyberspace Administration of China (CAC) has instructed big companies to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip
• The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules
• After the news, Nvidia shares dropped in premarket trading by about 1.5%

Cyberspace Administration of China (CAC) has instructed big companies like Alibaba and ByteDance to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip.

The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules. The RTX Pro 6000D was tailored for China to comply with some export rules, but now the regulator says even that chip is off-limits.

After the news, Nvidia shares dropped in premarket trading (around 1.5%)…

Read The Full Article China’s Ban on Nvidia Chips for State Firms Sends Stock Tumbling Premarket On Coin Edition.

• Cyberspace Administration of China (CAC) has instructed big companies to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip
• The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules
• After the news, Nvidia shares dropped in premarket trading by about 1.5%

Cyberspace Administration of China (CAC) has instructed big companies like Alibaba and ByteDance to stop purchasing and cancel existing orders for Nvidia’s RTX Pro 6000D chip.

The ban is part of China’s ongoing effort to reduce dependency on US-made AI hardware, especially after restrictive US export rules. The RTX Pro 6000D was tailored for China to comply with some export rules, but now the regulator says even that chip is off-limits.

After the news, Nvidia shares dropped in premarket trading (around 1.5%)…

Read The Full Article China’s Ban on Nvidia Chips for State Firms Sends Stock Tumbling Premarket On Coin Edition.