Chinese Data Center Billionaire Zhou Chaonan’s Wealth Jumps On Nvidia AI Chip Sales Resumption
The post Chinese Data Center Billionaire Zhou Chaonan’s Wealth Jumps On Nvidia AI Chip Sales Resumption appeared on BitcoinEthereumNews.com.
3D rendering illustration of a server room. getty Zhou Chaonan, the billionaire chairman of Chinese data center company Range Intelligent Computing Technology Group, saw her company’s shares rally as much as 9.8% on Tuesday on the back of Nvidia’s announcement that it plans to resume sales of its H20 artificial intelligence chip to China—a surprise reversal that also boosted Chinese data center stocks broadly. Zhou’s Shenzhen-listed Range Intelligent Computing now trades at 51.6 yuan ($7.2) apiece, giving the 64-year-old a fortune of $5.8 billion based on her stake in the company, according to Forbes estimates. Shares in other data center service providers listed in Shenzhen and Hong Kong jumped as well: Beijing Sinnet Technology (6.6%), Kehua Data Co. (7.5%) and GDS Holdings (10.2%). “Less restrictions on Nvidia sales to China will speed up the country’s AI development,” says Shen Meng, Beijing-based managing director at boutique investment bank Chanson & Co. “This will in turn lead to more demand for data centers.” The data center operators, which use Nvidia’s H20 chips to crunch and process data for various AI services, have been struggling to find a local alternative that is as good as Nvidia’s, according to Kenny Ng, a Hong Kong-based securities strategist at Everbright Securities International. The surprise announcement from the American technology giant has boosted investor confidence in their growth outlook, Ng says. In a Monday blog post, Nvidia’s billionaire CEO Jensen Huang, who is now the world’s eighth richest person with a net worth of $143 billion, announced that the company is expected to receive U.S. government licenses to sell H20 chips to China again. The product, which has already been rendered less powerful so that it can comply with U.S. export restrictions on semiconductor sales to China, once faced even tighter controls back in April. At the…
Filed under: News - @ July 15, 2025 7:28 am