Overview

• China’s Cyberspace Administration instructed major platforms including ByteDance and Alibaba to suspend testing and purchases of Nvidia’s RTX Pro 6000D, and companies began canceling orders as planned shipments were halted, according to reports.
• Nvidia shares fell after the order was reported, sliding about 2.8% early Wednesday and erasing roughly $121 billion in market value.
• CEO Jensen Huang said he was disappointed by the decision and reiterated that Nvidia has told analysts to exclude China from its financial forecasts.
• China’s market regulator opened an antitrust investigation tied to Nvidia’s 2020 acquisition of Mellanox, adding legal pressure alongside the purchase suspensions.
• Beijing is urging local champions such as Huawei, Cambricon, Alibaba and Baidu to benchmark their AI chips against Nvidia’s, with officials telling media some domestic solutions now match or surpass the U.S. company’s offerings.