Benzinga
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Nvidia shares fell approximately 2% pre-market Monday following news that China's State Administration for Market Regulation has launched an antimonopoly probe into the company. The investigation centers on Nvidia's acquisition of Mellanox and potential violations of China's antimonopoly laws. This news emerges amid heightened U.S.-China tensions over chipmaking capabilities. Nvidia shares have surged nearly 180% this year, driven by growing investor interest in AI technology.
Transcript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02NVIDIA shares fell approximately 2% pre-market Monday,
00:05following news that China's state administration for market regulation
00:08has launched an anti-monopoly probe into the company.
00:11The investigation centers on NVIDIA's acquisition
00:13of Mellanox and potential violations of Chinese anti-monopoly laws.
00:18This news emerges about heightened U.S.-China tensions over chip-making capabilities.
00:22NVIDIA shares have surged nearly 180% this year,
00:26driven by growing investor interest in AI technology.
00:28For all things money, visit Benzinga.com slash GSTV.

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