Alibaba Group (BABA) Has Shown Interest to Buy H200 Chips From NVDA [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
that Alibaba Group Holding Limited (NYSE:BABA) has shown interest in buying Nvidia's H200 AI chip, as the Trump administration has allowed Nvidia to export its chips to China. ?According to the report, Chinese companies, including Alibaba, are yet to get a green light from the government to import chips from Nvidia. If the government allows it, this will be important news for Alibaba Group Holding Limited (NYSE:BABA) and other Chinese tech companies. These companies are currently using H20 chips, which are almost six times slower than the latest H200 chips, produced by Nvidia. ?The report also highlighted that the Chinese government, in the last week, called representatives from Alibaba Group Holding Limited (NYSE:BABA), ByteDance, and Tencent to assess the demand for H200 chips. Alibaba and other companies in China are keen on securing these latest chips due to their ability to train AI models faster and more efficiently. ?That said, Wall Street has a mixed opinion on the stock
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