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via finance.yahoo.comTech & AI

ByteDance, Alibaba and Tencent order over $35B of Nvidia chips, Reuters reports

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Nvidia told customers it cannot guarantee fulfilling orders for its RTX PRO 5500 graphics cards as demand from Chinese technology companies surpasses planned production capacity, according to Reuters. Still guessing which stocks will beat the market? Our AI…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA very large order for Nvidia, though subject to US export restrictions.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01According to Reuters, the three Chinese groups ordered over 3 million RTX PRO 5500 cards.
  2. 02The combined value exceeds $35 billion.
  3. 03Nvidia said it cannot guarantee fulfilling all orders as demand exceeds planned capacity.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA CorporationNVDAStock217.09 USDMarket closedtoday +1.38%Positive Alibaba Group Holding LimitedBABAStock108.57 USDMarket closedtoday -0.49%Neutral Tencent Holdings Limited0700.HKStock410.40 HKDMarket closedtoday -1.77%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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