China banned ByteDance, Alibaba, and other tech giants from buying Nvidia’s artificial intelligence (AI) chips on Wednesday, September 17, forcing companies to scrap tens of thousands of processors they had already ordered. Craving the latest in AI, tech breakthroughs, and futuristic innovation? The ban goes further than China’s previous warnings against buying Nvidia products. Chinese regulators have recently concluded that domestic AI chips now perform as well as or better than Nvidia’s China-specific models. Chinese chipmaker Cambricon reported a 4,300 percent revenue jump in early 2025, while domestic tech stocks have surged throughout the year.