Overview

• The Cyberspace Administration of China instructed companies including Alibaba, ByteDance and Baidu to stop buying and testing Nvidia’s export‑compliant RTX Pro 6000D, according to the Financial Times.
• China’s market regulator ended its Google Android antitrust probe and is pressing allegations that Nvidia violated anti‑monopoly rules tied to its Mellanox acquisition, with potential fines of 1% to 10% of 2024 sales if upheld.
• Investors rotated on the news, with Nvidia shares slipping as Hong Kong’s Hang Seng Tech Index climbed about 4.2% on Wednesday.
• Earlier this summer the U.S. approved conditional H20 sales in China that would remit 15% of revenue to Washington, while Chinese authorities later discouraged purchases of those chips.
• Nvidia CEO Jensen Huang said he was disappointed by the restrictions and the company has warned it may be unable to produce a competitive, U.S.-approved data‑center product for China as local designers like Huawei and Cambricon gain ground.