Post by Polymarket

JUST IN: Nvidia’s banned AI chips have more than doubled in price on China’s black market. According to the Financial Times, traders in China are now charging significantly higher prices for restricted Nvidia GPUs as U.S. export controls continue to tighten supply. Key details: → The price surge reflects strong demand from Chinese companies despite the bans → U.S. restrictions have made it increasingly difficult to legally import high-end AI chips into China → Traders report that some of the most advanced Nvidia chips are now selling at more than double their previous market prices on unofficial channels The development highlights how export controls are driving up costs and pushing more activity into gray and black markets. #Nvidia #AI #Tech #China #BlackMarket #GPU