China’s Cybersecurity Authority Halts NVIDIA AI Chip Purchases, Sending Tech Futures Lower

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 ...