Posted 1/15/2024, 12:33:01 PM
China Still Acquiring Nvidia AI Chips Despite US Export Ban: How an Underground Market is Developing
- Chinese military and AI entities buying Nvidia's AI chips despite US export ban
- Analysis of tender documents shows small-scale purchases from unapproved suppliers
- Nvidia A100 and H100 chips still being sold in China despite September 2022 ban
- Nvidia previously had 90% market share of AI chips in China
- Underground market emerging in China to acquire chips via excess stock and imports
- Analysts remain bullish on Nvidia stock with $662 average price target