TECH - Is Nvidia Benefiting From US Sanctions On China? | Benzinga
Nvidia Corp (NASDAQ: NVDA) might benefit from the U.S. advanced artificial intelligence technology embargo on China. Chinese gamers will now have to dole out more than double the list price of Nvidia's flagship consumer graphics card.
The restrictions also fuel the chances of chips entering China via unofficial routes, including creating an underground market.
Prices for the year-old GeForce RTX 4090, originally listed at $1,599, climbed up to the levels of 29,000 yuan ($3,970) on Alibaba Group Holding Ltd's (NYSE: BABA) Taobao marketplace as retailers begin to pull it ...