NVDA
Wait, a server costs how much?
According to industry sources, Nvidia’s B300 servers are now changing hands in China for around 7 million yuan, or roughly $1 million each. That’s nearly double the price, which tells you two things at once: demand for AI compute in China is still wildly strong, and the supply chain around Nvidia’s chips is becoming more of a maze than a market.
The black market tax
The article says the jump is being driven by a crackdown on chip smuggling, which has dried up black-market supply. Translation: if you want the fancy AI hardware and official channels are a headache, the underground market starts charging a very real “I guess you really need this” premium.
For Nvidia, this is a weird little plot twist. On one hand, it underscores just how coveted its hardware is. On the other, it highlights the downside of export restrictions: customers don’t just vanish, they get creative — and expensive.
Why investors should care
China has been one of the biggest pressure points in Nvidia’s story for a while now. The company can still be the king of AI chips globally and simultaneously deal with a market where access is constrained, prices are distorted, and policy risk lurks in every headline.
- Strong demand is still there
- Supply is being choked off
- Pricing is getting distorted fast
- Regulatory risk isn’t going anywhere
Big picture: Nvidia’s AI boom is still very real, but China remains the reminder that even the hottest tech story can get tangled up in geopolitics real fast.