Nvidia GPU prices fall in China’s Huaqiangbei despite Jensen Huang controversy - 디지털투데이

The decline comes despite the possibility of tighter U.S. semiconductor export controls on China and controversy involving Jensen Huang, Nvidia's chief executive. Local traders report no major disruption to supply, with the South China Morning Post noting prices for Nvidia's high-performance consumer GPUs have pulled back after surging last month.

Price Corrections

GeForce RTX 5090 prices have fallen from over 60,000 yuan to around 50,000 yuan, with some sellers quoting 48,500 yuan. The mid-range GeForce RTX 5060 rose to about 4,000 yuan last month, then recently eased to 3,400 to 3,700 yuan.

Market Dynamics

Traders attribute last month's price spike to market rumors rather than actual supply issues. Rumors that Nvidia would stop producing related products to focus on high-end enterprise GPUs pushed prices up, but they fell again after Nvidia denied the claim.

The recent volatility reflects "a cycle created by overheated expectations," according to Xu, a trader with over 20 years of experience in Huaqiangbei. He noted weaker demand because customers have reduced business scale amid China's economic slowdown.

Future Outlook

Traders are divided on where prices will go next. Some expect further declines due to persistent weak demand, while Zheng cited cryptocurrency mining demand as a potential variable that could push prices up if the crypto market reverses.

China's GPU spot market is reacting more sensitively to inventory levels, demand recovery, and cryptocurrency market moves than to regulatory news. Actual changes in supply and demand, rather than speculative spikes, are likely to determine prices in the near term.