Overview

• China’s internet regulator instructed major platforms including ByteDance and Alibaba to stop testing and buying Nvidia’s RTX Pro 6000D, according to reports.
• The directive halted work already under way, with planned orders totaling tens of thousands of chips paused or canceled after earlier testing began with server partners.
• Regulators concluded domestic accelerators such as Huawei’s Ascend and Cambricon parts are sufficiently competitive for many uses and are targeting large-scale production.
• Nvidia said it complies with all laws and will work with authorities, while CEO Jensen Huang said he was disappointed by the decision.
• Nvidia will invest $5 billion for roughly a 4% stake in Intel and partner on PC and data-center products, a surprise tie-up that sent Intel shares up roughly 26–29%.