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- 1Chinese chip stocks slide on Nvidia approval signal●Chinese chip stocks dropped on the Nvidia approval signal—SMIC down 3.7%, Moore Threads 6.3%, Cambricon 5.7%. ByteDance
Shares in China's semiconductor sector fell after signals that Nvidia could win approval to sell GPUs to China again. SMIC dropped 3.7%, Moore Threads 6.3% and Cambricon 5.7% as investors weighed renewed foreign competition. Attention also turned to ByteDance, which may order one million Nvidia RTX Pro 5500 cards for multi-card servers, though the workstation GPU lacks the high-bandwidth memory needed for large-scale AI training.