China Bans Nvidia AI Chips

China has banned its largest tech companies, including Alibaba and ByteDance, from purchasing Nvidia's AI chips. The Cyberspace Administration of China ordered firms to halt testing and orders of the RTX Pro 6000D, pushing companies toward domestic alternatives. Nvidia's shares fell nearly three percent as Beijing signaled confidence in homegrown processors and accelerated efforts to reduce reliance on U.S. technology. The move highlights the deepening U.S.–China technology rivalry and its direct impact on the future of global AI development.