ByteDance, Alibaba, And Tencent Order $16 Billion Worth Of Nvidia's H20 Chips As Demand Surges For DeepSeek's Low-Cost AI Models: Report

Chinese tech giants ByteDance, Alibaba Group (NYSE:BABA), and Tencent Holdings (OTC:TCEHY) have reportedly placed over $16 billion in orders for Nvidia Corporation’s (NASDAQ:NVDA) H20 server chips in the first quarter of 2025. What Happened: ByteDance, Alibaba, and Tencent are collectively…