Alibaba, ByteDance, and Tencent boost orders for Nvidia’s H20 chip amid DeepSeek frenzy – report

Nvidia Corporation building in Taipei, Taiwan.

BING-JHEN HONG/iStock Editorial via Getty Images

Chinese companies are increasingly placing more orders for Nvidia’s (NASDAQ:NVDA) H20 artificial intelligence chip amid rising demand for DeepSeek’s (DEEPSEEK) low-cost AI models, Reuters reported on Tuesday citing people familiar with the matter.

Tencent (OTCPK:TCEHY), Alibaba (NYSE:

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