Nvidia B300 Servers Hit $1M Price in China Amid U.S. Curbs, Supply Crunch

Nvidia’s B300 AI servers are trading at about $1 million (7 million yuan) each in China’s grey market, nearly double late-2025 prices of ~4 million yuan, as U.S. export curbs and a smuggling crackdown squeeze supply. Multiple reports today cite robust demand from Chinese tech firms, with their AI models’ global token usage surging to 32% in March 2026 from 5% a year ago, pushing rentals to 190,000 yuan monthly. Nvidia holds ~55% market share in China versus AMD’s ~4%, bolstering pricing power but heightening regulatory risks.