Nvidia stock slides as China opens antitrust probe against AI chip heavyweight

Published On Dec 9, 2024, 11:55 AM

Nvidia's stock has dropped over 3% following the news that China has initiated an antitrust investigation into the company's business practices, especially regarding its 2020 acquisition of Mellanox. This scrutiny arises amid increasing tensions between the US and China concerning artificial intelligence dominance. Nvidia insists it will cooperate with regulators, but industry experts indicate that this could reflect deeper geopolitical issues as the US imposes semiconductor export restrictions to China.

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Stock Forecasts

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Negative

Given the recent antitrust probe by China and the ongoing geopolitical tensions, Nvidia's stock may face additional selling pressure in the short term. Investors should monitor how this investigation develops and any potential impacts it may have on Nvidia's market position and sales in China.

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