By Aditya Raghunath
Publication Date: 2026-10-20 15:05:00
Key Stats for Nvidia Stock
- Price change for Nvidia stock in last 6 months: 7%
- $NVDA Stock Price as of Oct. 19: $217
- 52-Week High: $243
- $NVDA Stock Price Target: $329
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What Happened?
Nvidia (NVDA) is seeing a rush of demand from China.
Two people familiar with the matter told Reuters that ByteDance, Alibaba and Tencent have ordered more than 3 million RTX PRO 5500 cards. At about $11,400 each, the orders are worth over $35 billion.
The RTX PRO 5500 is a workstation chip, which is less powerful than the H200 and B300 data center chips.
But it is among the most powerful Nvidia chips Chinese buyers can still get. The B300 is not allowed to be sold to Chinese buyers and H200 exports are reviewed case by case.
Nvidia may not be able to fill all the orders. Sources said partners might get only 5% to 10% of what they asked for.
One source said Nvidia could make no more than 3 million cards globally in 2027 and total orders from China have topped 6 million.
Early samples are expected in December and commercial deliveries would start in the first quarter of 2027.
Chinese firms want the cards mainly for inference, which means running trained AI models to answer chatbot requests.
That takes less computing power than training. The older RTX…
