TCEHY - What's Going On With Nvidia Stock Wednesday? | Benzinga
Nvidia Corp (NASDAQ: NVDA), known for its graphics processing units (GPUs), is witnessing a surge in demand from various Chinese companies, both tech and non-tech, as they develop their artificial intelligence (AI) products amidst growing tensions between Washington and Beijing.
L&A Design, a landscape designer listed in Shenzhen, recently announced its purchase of up to 128 Nvidia server units containing high-performance GPUs for 435 million yuan.
This move by L&A Design, which resulted in a 20% increase in its stock price, reflects a broader trend among Chinese companies emphasizing their access to Nvidia chips, SCMP reports.
The escalating U.S. sanctions have led Nvidia to develop slower variants of its chips specifically for Chinese clients.
However, recent restrictions in October made ...