Nvidia's Win in China: Major Cloud Players ByteDance and Alibaba Want Nvidia's Chips Courtesy ChatGPT Wave
Portfolio Pulse from Anusuya Lahiri
Nvidia has secured over $1 billion in GPU orders from major Chinese internet companies ByteDance and Alibaba for their cloud computing businesses. The orders from ByteDance alone in 2023 might reach the total number of commercial GPUs Nvidia sold in China in 2022.
June 15, 2023 | 11:32 am
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POSITIVE IMPACT
Alibaba's investment in Nvidia GPUs for its cloud computing business may improve its AI technology capabilities, potentially benefiting the company's stock.
Alibaba's purchase of Nvidia GPUs indicates the company's commitment to improving its AI technology capabilities. This investment could lead to better products and services, potentially benefiting the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia's stock may benefit from the significant GPU orders from ByteDance and Alibaba, potentially matching the total number of commercial GPUs sold in China in 2022.
Nvidia's significant GPU orders from ByteDance and Alibaba indicate strong demand for their products in the Chinese market. This could lead to increased revenues and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100