NVIDIA Corporation (NVDA) Expands Vera CPU Push in China Despite Export Restrictions

NVIDIA Corporation (NASDAQ:NVDA) ranks among the best tech stocks to buy now for the “Vera Rubin” chip cycle. On June 12, NVIDIA Corporation (NASDAQ:NVDA) announced that it had been actively promoting its latest Vera CPU to Chinese cloud and data-center customers, informing them that the chip might be available as early as August and that orders were already being taken.

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The sales effort represents a strategic shift for NVIDIA, as US export constraints have essentially kept its high-end GPU portfolio away from the Chinese market. NVIDIA’s market share in China had virtually plummeted to zero, according to CEO Jensen Huang, owing to US export limitations on high-end chips and Beijing’s aim for self-reliance in critical technologies.

CPUs provide NVIDIA Corporation (NASDAQ:NVDA) with a mostly unhindered route back into one of the biggest data-center sectors in the world since they are subject to fewer regulations than the company’s high-end GPU products.

According to Reuters, a leading Chinese cloud provider intends to acquire around 300 servers, each with two Vera CPUs, for preliminary testing before adopting larger-scale installations.

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