Nvidia’s shares slumped by around 2.2% in pre-market trading on Monday after China opened a probe into alleged violations of the country’s anti-monopoly rules. It was announced that Beijing’s market regulation office had commenced an investigation into the market-leading advanced chip manufacturer over its acquisition of Mellanox in 2020. China previously approved this deal on the basis that it would not lead to discriminatory treatment toward Chinese companies. The development comes amid rising trade tensions between the United States and China, with tit-for-tat moves over the last week.
Nvidia’s Stock Slumps After China Launches Violation Probe
Graeme Hanna, ReadWriteWeb
Mon, 12/09/2024 - 10:00am
Topics: beijing s united states president biden s ai u.s cnbc market regulation s israel-based mellanox technologies brian tycangco 鄭彥渊 briantycangco december america january huawei reuters qualcomm image midjourney readwrite china chinese china s u.s in nvidia s state administration market regulation nvidia mellanox china anti-monopoly investigation local firm shares law foreign acquisition chipmaker approved
BING NEWS:
- Nvidia shares fall after China opens investigation over possible violation of antimonopoly law
Nvidia shares were under pressure after a Chinese regulator said it was investigating the chipmaker over possible violations of the country's antimonopoly law.
12/9/2024 - 10:31 am | View Link - Nvidia shares slide after China launches probe of suspected anti-monopoly violations
Shares of Nvidia slid Monday after China said it is investigating the high-flying microchip company over suspected violations of Chinese anti-monopoly laws. In a brief press release with few details, ...
12/9/2024 - 3:54 am | View Link - Nvidia shares dip as China launches anti-monopoly probe
Nvidia shares are down 2.1% after China said it was probing the AI chipmaker for breaking anti-monopoly laws. The State Administration for Market Regulation opened an investigation into the company’s ...
12/8/2024 - 11:02 pm | View Link - More
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