China's investigation into Nvidia is perceived as a retaliatory measure against US restrictions on its semiconductor industry, indicating escalating tensions between the two nations.
The State Administration for Market Regulation's statement did not clarify specific violations by Nvidia, but hinted at concerns regarding commitments made during its Mellanox acquisition.
After the announcement, Nvidia's shares dropped by 2.2%, reflecting investor anxiety about regulatory actions and the ongoing US-China trade conflicts affecting the semiconductor market.
Nvidia, which previously held over 90% of China's AI chip market, is now facing stiff domestic competition as the Chinese market reacts to geopolitical tensions.
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