Chinese companies are ramping up orders for Nvidia's H20 artificial intelligence chip due to booming demand for DeepSeek's low-cost AI models, six people familiar with the matter said. The surge in orders,

Tencent, Alibaba and ByteDance are said to have significantly increased orders of the H20 since DeepSeek gained global attention.

Despite Chinese chipmakers like Huawei developing their own AI processors, NVIDIA's H20 continues to set the industry standard. In 2024 alone, over one million H20 chips were shipped, generating a revenue of $12 billion for NVIDIA. This shows that even amid trade restrictions, NVIDIA's technology remains unrivaled in the Chinese AI market.

Even as Chinese chipmakers like Huawei continue to develop their own AI processors, NVIDIA’s H20 remains the industry standard. Analysts estimate that over 1 million H20 chips were shipped in 2024, ge

Chinese companies are ramping up orders for Nvidia's H20 artificial intelligence chip due to booming demand for DeepSeek's low-cost AI models, six people familiar with the matter said.

Surge in orders underlines Nvidia's dominance of the market and could help alleviate concerns that DeepSeek might cause a slide in AI chip demand

Demand for Nvidia's pricey artificial intelligence chips will be in focus when the company reports results on Wednesday as investors doubt the hefty spending on the technology after low-cost AI models from China's DeepSeek rattled the industry.