Buyers are repurposing gaming GPUs and bidding up older Ampere hardware.

Over $1 billion of Nvidia's restricted AI chips were smuggled into China in three months, with B200 racks commanding a 50% black market premium over US

Nvidia B300 servers are selling for roughly 7 million yuan on China's black market, about double their US list price, as tightened export controls fuel

Buyers are repurposing gaming GPUs and bidding up older Ampere hardware.

The US has restricted the export of Nvidia's most powerful AI chips to China since 2022 over fears that they could be used for military purposes.