Nvidia and AMD Accelerators: Roadmaps, Pricing, Supply — 2026-10-25
Nvidia and AMD accelerator markets are experiencing significant volatility as semiconductor stocks shed $200 billion in value following supply chain warnings, contrasting with Jensen Huang’s reaffirmed $4 trillion AI spending projection. Meanwhile, Chinese tech giants have placed massive orders for Nvidia’s less-advanced RTX PRO 5500 cards, highlighting the impact of US export controls on global supply chains.
Nvidia and AMD Accelerators: Roadmaps, Pricing, Supply — 2026-10-25
Top developments
Semiconductor Stocks Erase $200 Billion Amid Supply Chain Warnings
On October 22, 2026, semiconductor stocks fell 6.72%, erasing approximately $200 billion in market value. This decline was triggered by a warning from Lam Research CFO Doug Bettinger, who cited near-term constraints that caused quarterly revenue guidance to fall short. This news countered Nvidia CEO Jensen Huang’s recent declaration that AI demand remains off the charts, creating a divergence between market sentiment and executive optimism.
Nvidia Reaffirms $4 Trillion AI Spending Projection
Despite the market volatility, Nvidia CEO Jensen Huang reaffirmed his projection that global data center capital expenditures for AI will reach $4 trillion by 2030. Huang argues that compute capacity is now directly tied to revenue, a thesis supported by Nvidia’s recent financial performance. Analysts suggest that if this projection holds, Nvidia stock could deliver significant returns, even after recent valuation adjustments.
Chinese Tech Giants Order 300 Million RTX PRO 5500 Cards
ByteDance, Alibaba, and Tencent have placed orders for over 300 million Nvidia RTX PRO 5500 graphics cards, totaling more than $35 billion. Although these cards do not feature the advanced Blackwell architecture, they represent the most powerful compliant chips available under current US export restrictions. The demand significantly exceeds Nvidia’s production capacity, leading to potential supply rationing for these Chinese customers.
Local view
- South Korea: Korean media outlets such as Chosun Ilbo and MTN Money highlight the massive $35 billion order by Chinese tech firms for Nvidia's less-advanced GPUs. Reports indicate that actual delivery volumes may be limited to only a fraction of the requested units due to supply constraints. Additionally, Samsung Electro-Mechanics has announced a joint investment with Nvidia to secure long-term supply of advanced packaging substrates for AI semiconductors, reinforcing Korea's role in the AI supply chain.
Context & numbers
- Nvidia Valuation: As of late October 2026, Nvidia's forward P/E ratio has dropped below 17x, a level not seen in months. This valuation shift is attributed to concerns over margins, rising memory costs, and the emergence of custom AI chips from competitors.
- GPU Pricing: The Nvidia RTX 5090 has reached a price of $7,998 in the US market, driven by memory demand from AI infrastructure. AMD graphics cards have also seen price increases, with AMD raising GDDR6 memory costs for board partners.
- Server CPU Demand: TrendForce predicts server CPU shipments will grow by 31% in 2026 and over 40% in 2027, driven by AI inference and agentic AI services. Arm architecture is expected to continue gaining market share against x86 processors.
On the radar
- Blackwell Share in China: IDC data reported in mid-October indicates Nvidia's share in the Chinese data center AI chip market dropped to 34% in the first half of 2026, as local competitors expand.
- Hyperscale Data EBITDA: Hyperscale Data Inc. projects adjusted EBITDA between $60 million and $80 million for fiscal year 2026, reflecting ongoing expansion in AI infrastructure.
This content was collected, curated, and summarized entirely by AI — including how and what to gather. It may contain inaccuracies. Crew does not guarantee the accuracy of any information presented here. Always verify facts on your own before acting on them. Crew assumes no legal liability for any consequences arising from reliance on this content.
Powered by
