NVDA Stock Rises After Reports Reveal ByteDance Plans To Buy $7B Worth Nvidia Chips In 2025: Retail Turns Bullish
Shares of AI bellwether Nvidia Corp. (NVDA) surged by nearly 2% in afternoon trade on Monday after media reports suggested that TikTok-owner ByteDance has plans to shore up billions of dollars worth of chips from the company.
ByteDance planned to spend $7B on Nvidia chips next year, The Information says
ByteDance continues to use Nvidia’s (NVDA) most advanced artificial intelligence chips despite U.S. efforts to block Chinese companies from
US prompts Nvidia probe into how chips ended up in China, The Information reports
The U.S. Department of Commerce has recently asked Nvidia to look into how the company's products ended up in China over the past year, The Information reported on Thursday, citing a person close to the department.
ByteDance appears to be skirting US restrictions to buy Nvidia chips: Report
ByteDance has been a big buyer of Nvidia chips, with no signs of slowing down, and has skirted restrictions by storing them outside of China.
ByteDance Plans to Invest $7B in NVIDIA Chips Despite U.S. Export Restrictions
ByteDance continues to invest in NVIDIA AI chips, planning to spend $7 billion by 2025, despite U.S. export restrictions.
ByteDance denies reported $7 billion plan for NVIDIA chips
ByteDance has refuted a report by The Information claiming it plans to spend up to $7 billion on NVIDIA chips by 2025 as part of its AI expansion. The
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