Earnings$NVDA8:23 AM ET

Nvidia gets reported $35 billion China chip order but stock still falls

By BORSA NewsroomPublished Oct 20, 2026, 8:23 AM EDTUpdated Oct 20, 2026, 8:23 AM EDT

Reuters reports Alibaba, Tencent, ByteDance ordered >3 million Nvidia RTX PRO 550 cards worth >$35B. Nvidia cannot guarantee filling orders. Stock down 0.8% premarket, lost >10% in two weeks.

Sentimentbullish 70

Bullish · 70 of 100

Impact60

medium · sector-wide

Confidence70%

moderate confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

Reuters report cites two people familiar with the deal
Order includes >3 million Nvidia RTX PRO 550 graphics cards