Overview

• China’s Cyberspace Administration directed firms including Alibaba and ByteDance to stop testing and cancel orders for Nvidia’s RTX Pro/6000D, according to the Financial Times.
• Companies that had planned large purchases told server suppliers to halt verification work after receiving the order.
• The move is a sharper escalation than prior guidance that focused on discouraging use of Nvidia’s H20 chip.
• Nvidia CEO Jensen Huang said he was disappointed by the reports and noted the company can serve a market only if the country wants it there.
• Separately, Chinese regulators said a preliminary probe found Nvidia in breach of antitrust rules related to its Mellanox acquisition, intensifying pressure on its China business.