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

ByteDance, Alibaba, and Tencent have collectively ordered over 3 million RTX PRO 5500 GPUs from Nvidia, amounting to more than $35 billion. This demand highlights China's ongoing AI-computing shortage and the companies' need for a less powerful, export-compliant chip amid US trade restrictions. However, Nvidia has indicated it may struggle to fulfill these orders due to overwhelming demand from Chinese tech firms exceeding its planned production capacity.