Nvidia Gets a China Boost, but Its Shares Keep Sliding
Nvidia shares are falling despite reports of large Chinese orders: Alibaba, Tencent and ByteDance reportedly want over 3 million graphics cards, per Reuters.
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what happened
On Tuesday Nvidia shares were down 0.8% in premarket trading, after a 1.4% gain on Monday. The stock has shed more than 10% over the past two weeks as investors worry about mounting debt and spending tied to the AI boom, and the selloff has hit the whole chip sector. According to Barron's, the shares remain below their 50-day simple moving average, a level traders often treat as support.
Reuters, citing two people familiar with the matter, reported that Alibaba, Tencent and ByteDance have ordered more than 3 million RTX PRO 550 graphics cards with a combined sticker price above $35 billion. The agency also said Nvidia has warned partners it cannot guarantee it can fill orders that exceed planned production. Nvidia did not immediately respond to Barron's request for comment.
why it matters
The reported demand matters because it suggests Chinese tech firms still want Nvidia chips despite US export restrictions and Alibaba's push into its own processors. Still, the broader pressure on the stock stems from worries about debt and AI spending, and the order report has not yet changed the market's mood.
market impact
Nvidia and the AI chip sector: Chinese demand supports the stock, but debt concerns weigh on shares
tags
instruments
sources
- Nvidia Gets a China Boost but the Stock Is Still Falling — Barrons.com, 20 October 2026 at 12:23 UTC
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