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Nvidia Stock News: NVDA Rises As $70 Billion China Chip Order Stuck In Queue
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
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 AI processors for customers like OpenAI and Anthropic. With TSMC capacity tight and shifting toward the next-generation Rubin platform, Chinese buyers estimate deliveries of around 700,000 units by the end of 2027. Nvidia shares rose 1.32% to $209.42 before the open, helped by strong AI outlooks from AMD and Super Micro. AMD CEO Lisa Su said revenue could rise over 80% in 2027, while Super Micro lifted its full-year forecast to $72 billion to $82 billion. The stock remains below its 20, 50 and 100-day averages but above its 200-day level near $204.56. Nvidia reports on November 17, with revenue expected at $109.17 billion.
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