10:07 AM EDT, 04/02/2025 (MT Newswires) -- (Update with Nvidia's ( NVDA ) reply to a request for comment.)

ByteDance, Alibaba Group ( BABA ) , Tencent Holdings and other Chinese companies placed at least $16 billion in orders for Nvidia's ( NVDA ) H20 server chips in the first three months of the year in an effort to get out in front of a potential US ban on the sale of the chips in China, The Information reported Wednesday, citing two people with direct knowledge of the transaction.

Nvidia ( NVDA ) declined to comment to MT Newswires, while Alibaba ( BABA ) did not immediately reply to a request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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