Nvidia Stock News: NVDA Rises As $70 Billion China Chip Order Stuck In Queue

The post Nvidia Stock News: NVDA Rises As $70 Billion China Chip Order Stuck In Queue appeared first on Coinpedia Fintech News

Chinese tech giants have placed orders for about 6 million of Nvidia’s RTX Pro 5500 chips, worth roughly $70 billion, but most of that demand will go unfilled for now, Bloomberg reported. Alibaba, Tencent and ByteDance expect to receive only a small portion in the coming months because Nvidia is giving priority to its costlier …