China Clients Get Just 1% of $70B RTX Chip Orders, Bloomberg Reports
NVDA sits 25% above its 52-week low of $164.27.
Summary
Bloomberg reports Nvidia's China customers will receive only about 1% of the $70 billion in RTX chips ordered, leaving the vast majority of that demand to buyers outside China. That is a stark reminder that export controls keep the China market largely closed even as overall RTX demand runs at a $70 billion clip. The revenue is not lost to competitors so much as redirected to non-China buyers, but it caps how much of Nvidia's growth can come from its historically large China base. This follows the Q2 FY27 results that showed revenue doubling to $96.2 billion with Data Center up 117%, and the $279 billion in supply commitments disclosed in the 10-Q.
At the time of this announcement, NVDA was trading at $206.15 on NASDAQ in the Technology sector, with a market capitalization of approximately $5T. The 52-week trading range was $164.27 to $243.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.