ALPHABET INC: HSBC RAISES TARGET PRICE TO $435 FROM $385

CHINESE DELEGATION: US IS THE BIGGEST SOURCE OF DISRUPTION IN NUCLEAR ARMS CONTROL AND STRATEGIC STABILITY

Prices of Nvidia Corp.’s B300 AI servers in China have surged to about 7 million yuan ($1 million), nearly doubling from around 4 million yuan late last year, as a crackdown on chip smuggling curtailed grey-market supply, according to industry sources. The servers, priced about $550,000 in the US, face a scarcity premium amid tighter export curbs. Demand from Chinese tech firms remains strong, with some avoiding direct ownership due to sanctions risks and turning to rentals costing up to 190,000 yuan per month. The B300, featuring eight GPUs with 288GB memory and 14 petaFLOPS performance, is among the most powerful for AI inference. Delays in H200 shipments and rising AI usage—China’s share of global token usage reached 32% in March, per Morgan Stanley—have further driven demand, while rivals including Huawei seek to gain share.