Reported 2 days ago
Nvidia's stock fell 2.5% following news of an antitrust probe by China into the chip maker's practices, particularly focusing on potential violations related to its 2020 acquisition of Mellanox. This investigation occurs amid growing tensions between the US and China over AI chip dominance, with recent US export restrictions further complicating the landscape. Analysts suggest that this move by China signals a strategic pushback against US semiconductor firms.
Source: YAHOO