Economic Information Daily (21st) reports that Alibaba (09988) is currently up 2.1%, trading at HK$107.10, with approximately 1.14 million shares traded, involving HK$122 million.
Reuters, citing sources, reports that Alibaba, Tencent (00700), and ByteDance have placed orders with NVIDIA (US.NVDA) after receiving official "green lights", collectively spending US$35 billion to purchase "RTX PRO 5500 workstation GPUs" as a "substitute" for training AI models. More advanced GPUs, including the previously rumored "H200", are restricted by the U.S. from export, forcing Chinese enterprises to rely on the RTX PRO 5500 to enhance computing power.
The report notes that the RTX PRO 5500 does not perform as well as other NVIDIA chips specifically designed for AI training and deployment, such as the H200 and B300. The H200 requires case-by-case U.S. approval for export to China, while the B300 is restricted from sale to China. NVIDIA introduced the RTX 6000D last year, compliant with U.S. export restrictions but with lower functionality. Initially, mainland tech companies showed little interest due to its high cost, but since the U.S. has not relaxed chip sales, companies have turned to the RTX PRO 5500. One source cited in the report indicated that NVIDIA may only fulfill 5% to 10% of the orders (approximately 150,000 to 300,000 units).
AI-related stocks rebounded; Tencent (00700) rose 0.4%, trading at HK$412; Baidu (09888) rose 1.5%, trading at HK$79.80; Kuaishou (01024) rose 1%, trading at HK$29; Xiaomi (01810) rose 0.8%, trading at HK$27.28.
Currently, the Hang Seng Index stands at 24,139, up 271 points or 1.1%, with main board turnover nearing HK$3.1 billion. The Hang Seng China Enterprises Index is at 8,139, up 108 points or 1.4%. The Hang Seng Tech Index is at 4,110, up 64 points or 1.6%.
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Reuters, citing sources, reports that Alibaba, Tencent (00700), and ByteDance have placed orders with NVIDIA (US.NVDA) after receiving official "green lights", collectively spending US$35 billion to purchase "RTX PRO 5500 workstation GPUs" as a "substitute" for training AI models. More advanced GPUs, including the previously rumored "H200", are restricted by the U.S. from export, forcing Chinese enterprises to rely on the RTX PRO 5500 to enhance computing power.
The report notes that the RTX PRO 5500 does not perform as well as other NVIDIA chips specifically designed for AI training and deployment, such as the H200 and B300. The H200 requires case-by-case U.S. approval for export to China, while the B300 is restricted from sale to China. NVIDIA introduced the RTX 6000D last year, compliant with U.S. export restrictions but with lower functionality. Initially, mainland tech companies showed little interest due to its high cost, but since the U.S. has not relaxed chip sales, companies have turned to the RTX PRO 5500. One source cited in the report indicated that NVIDIA may only fulfill 5% to 10% of the orders (approximately 150,000 to 300,000 units).
AI-related stocks rebounded; Tencent (00700) rose 0.4%, trading at HK$412; Baidu (09888) rose 1.5%, trading at HK$79.80; Kuaishou (01024) rose 1%, trading at HK$29; Xiaomi (01810) rose 0.8%, trading at HK$27.28.
Currently, the Hang Seng Index stands at 24,139, up 271 points or 1.1%, with main board turnover nearing HK$3.1 billion. The Hang Seng China Enterprises Index is at 8,139, up 108 points or 1.4%. The Hang Seng Tech Index is at 4,110, up 64 points or 1.6%.
| Stock (Code) | Current Price (HK$) | Change (%) |
|---|---|---|
| Alibaba (09988) | 107.10 | Up 2.10% |
| Tencent (00700) | 412.00 | Up 0.39% |
| Baidu (09888) | 79.80 | Up 1.53% |
| Kuaishou (01024) | 29.00 | Up 1.05% |
| Xiaomi (01810) | 27.28 | Up 0.81% |