Investing.com — The Chinese government has indicated that it may allow companies like Alibaba Group Holding Limited and ByteDance Limited to purchase Nvidia’s new RTX Pro 5500 chips, according to a report from The Information.
Still not sure which names to buy? Our AI reconstructs its stock selections at the start of each month. The listing beats the market by 120%. See what’s on it »
China’s Ministry of Industry and Information Technology has reportedly asked domestic companies to indicate how many RTX Pro 5500 units they plan to purchase and what they would use them for, signaling their intent to approve the transactions.
Should you buy NVIDIA now? Before you decide, consider this: An AI-powered stock pick list outperforms the market by 120%, and it’s updated at the start of each month. See this month’s picks »
The RTX Pro 5500 is a Blackwell-generation professional workstation GPU released this month, featuring 84GB of GDDR7 memory and 21,760 CUDA cores, with a reported starting price above $6,000, according to TechPowerUp. The chip falls outside the data center accelerator category that has been the main target of successive rounds of U.S. export controls since October 2022, potentially giving Beijing greater regulatory latitude to greenlight purchases without triggering new friction with Washington.
The timeline follows last week’s Xi-Trump summit in Washington, during which controls on chip exports were conspicuously absent from the two governments’ official reports. USTR Jamieson Greer told CNBC that export controls considered national security issues had been “taken off the table” during trade negotiations, and China’s Foreign Ministry did not mention export controls in its announcement of the summit’s eight outcomes, according to the South China Morning Post.
Looking for the next multi-bagger? This AI catalyst is up over 90% since it was picked by our AI models in July – and still has 62% upside potential”
Original article
China could allow Alibaba and ByteDance to buy new Nvidia chips – The Information
Barrick Mining reaches deal with Malian unions, plans strikes – Bloomberg
Anthropic CEO Amodei to meet privately with Trump ahead of AI summit
Gn bussni
