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China’s Cybersecurity Authority Halts NVIDIA AI Chip Purchases, Sending Tech Futures Lower
Stock Market News· 2025-09-17 17:09
Key TakeawaysChina’s Cyberspace Administration has reportedly ordered major domestic technology companies, including ByteDance (BYTEDANCE) and Alibaba Group (BABA), to cease purchasing and testing NVIDIA’s (NVDA) RTX Pro 6000D-FT and H20 AI chips.This directive, driven by Beijing's push for technological self-sufficiency and national security concerns, has immediately impacted global markets, with NASDAQ 100 futures and S&P 500 futures both hitting session lows, down 0.2%.The move escalates U.S.-China tech ...