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Nvidia Sees Rush For H20 AI Chip Orders As DeepSeek Disrupts AI Market— Tencent, Alibaba, ByteDance Fuel Demand Surge

Benzinga LogoBenzinga12h ago

Nvidia Sees Rush For H20 AI Chip Orders As DeepSeek Disrupts AI Market— Tencent, Alibaba, ByteDance Fuel Demand Surge - Benzinga

Quick Summary:

Chinese tech giants Tencent Holdings (OTC:TCEHY), Alibaba Group Holdings Ltd (NYSE:BABA), and ByteDance have significantly increased orders for Nvidia Corporation's (NASDAQ:NVDA) H20 AI chips, as the rise of DeepSeek's low-cost AI models drives a surge in demand for AI computing power.

What Happened: The spike in H20 chip orders, reported by Reuters, citing six people familiar with the matter, highlights Nvidia's continued dominance in the AI chip market.

The H20 is a China-specific chip, developed in response to U.S.export restrictions that prevent Nvidia from selling its most advanced AI hardware to Chinese companies.

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Nvidia Sees Rush For H20 AI Chip Orders As DeepSeek Disrupts AI Market— Tencent, Alibaba, ByteDance Fuel Demand Surge - Benzinga (Picture 1)

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Article Details

Author / Journalist: Ananya Gairola

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-25 @ 02:23:42 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 367 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26415193

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 22 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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The outlet is headquartered in United States and publishes an average of 22 news stories per day.

It's most recent story was published 8 hours ago.

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  • URL: https://beamstart.com/news/nvidia-sees-rush-for-h20-17404509322384

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