NVIDIA Corporation (NASDAQ:NVDA) is one of the best growth stocks to buy according to billionaire Dan Loeb. On June 24, the Financial Times reported that NVIDIA Corporation's (NASDAQ:NVDA) AI chips that are banned from export to China under US controls have more than doubled in price on China's black market over the past six months. The FT attributed the price spike to American enforcement actions, which have progressively choked off the illegal channels through which these chips were flowing into the country.
Copyright: fotomaximum / 123RF Stock Photo
According to the FT, the standout price jump is in Nvidia's DGX B300 server. This is a high-end system containing eight Blackwell GPUs. On China's black market, the price has climbed to over 8 million yuan, roughly $1.1 million, up from 4 million yuan just six months ago, said the report. For context, the same system retails in the US for around $400,000.
Separately, the RTX 6000 Pro has surged from around 50,000 yuan at the start of 2026 to as much as 130,000 yuan. This is a workstation chip widely used by Chinese AI startups to run large language models.
The FT noted that the price explosion reflects the basic economics of a constrained supply. It added that Chinese tech companies and AI startups, many of which are locked out of legal purchasing channels, have been relying on these grey and black market routes to access the computing power needed to develop and train AI models. Despite the US restrictions, Chinese demand for these chips has not diminished; if anything, it has intensified, noted the FT.
Copyright: fotomaximum / 123RF Stock Photo
According to the FT, the standout price jump is in Nvidia's DGX B300 server. This is a high-end system containing eight Blackwell GPUs. On China's black market, the price has climbed to over 8 million yuan, roughly $1.1 million, up from 4 million yuan just six months ago, said the report. For context, the same system retails in the US for around $400,000.
Separately, the RTX 6000 Pro has surged from around 50,000 yuan at the start of 2026 to as much as 130,000 yuan. This is a workstation chip widely used by Chinese AI startups to run large language models.
The FT noted that the price explosion reflects the basic economics of a constrained supply. It added that Chinese tech companies and AI startups, many of which are locked out of legal purchasing channels, have been relying on these grey and black market routes to access the computing power needed to develop and train AI models. Despite the US restrictions, Chinese demand for these chips has not diminished; if anything, it has intensified, noted the FT.
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