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TikTok's Nvidia Buying Spree
Benzinga
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3 hours ago
ByteDance is ramping up AI spending, planning to allocate about $14B to Nvidia chips in 2026 as demand for computing power across TikTok and its AI platforms accelerates, according to reports.
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00:00
It's Benzinga, bringing Wall Street to Main Street.
00:03
ByteDance is increasing its artificial intelligence spending as global demand for AI infrastructure grows.
00:09
The TikTok parent plans to allocate about $14 billion to NVIDIA chips in 2026,
00:15
up from over $12 billion in 2025, according to the South China Morning Post.
00:21
Reports say total AI investment could reach nearly $22 billion by 2026.
00:26
Rising computing demand across TikTok, Douyin, Volcano Engine, and AI models is driving the push.
00:34
The company is increasing investment in memory technologies, including high-bandwidth memory.
00:39
NVIDIA is considering expanding H200 chip production after Trump said sales to China would be allowed with a 25% fee.
00:47
Shares slipped 0.48% at $186.64 in pre-market trading on Wednesday.
00:55
For all things money, visit Benzinga.com.
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