#nvidia Tech News.
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Nvidia CEO Jensen Huang states he will pay the proposed $8 billion tax over five years, calling it a privilege. While other billionaires like Zuckerberg and Thiel leave California to avoid Proposition 40, Huang urges others to stay in the state despite the high rates, arguing the tax system nurtured his success.
ByteDance, Alibaba, and Tencent placed over $35 billion in orders for Nvidia RTX PRO 5500 chips, totaling more than 3 million units. Deliveries are expected from the first quarter of 2027, though Nvidia cannot guarantee filling these orders due to US export controls. Cards cost approximately $11,400 each. Nvidia may produce no more than 3 million cards globally in 2027.
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