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StocksUpdated•Originally published 24 June 2026•Updated 24 June 2026•
1 min read

Nvidia AI Chip Prices Double on China Black Market Amid Trade Curbs

Key Facts

1Prices for Nvidia's banned AI chips have more than doubled on China's black market, according to media reports.
2The report cited multiple Chinese chip traders regarding the surge in costs due to trade restrictions.

As the technological rift between Washington and Beijing deepens, the emergence of a robust black market highlights the critical dependency of Chinese firms on high-end processing power. Prices for Nvidia's restricted AI chips have more than doubled on China's black market according to media reports citing multiple local traders. This surge in costs underscores the severe supply shortage triggered by US export controls and the persistent demand for advanced silicon.

These developments occur as industry peers show varied market performance, with AMD trading at $551.63 (close June 22, 2026) and TSM at $436.39 (close June 23, 2026) per market data. Analysts suggest that the reliance on underground channels confirms the difficulty of replacing Nvidia's ecosystem with domestic Chinese alternatives in the near term, despite Beijing's aggressive push for semiconductor self-sufficiency.

Monitoring market levels, NVDA closed at $200.04 (close June 23, 2026), maintaining a range between $200 and $203.77 during the session. Investors should watch for further regulatory updates or trade policy shifts that could impact supply chains, with the $200 level acting as a psychological and technical support based on recent price action.