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China's market regulator has launched an antitrust investigation into Nvidia, the American chip maker and the world's largest supplier of artificial intelligence processors. This is reported by Reuters.
Nvidia shares fell about 2% on news of the investigation. The drop reflects investor concern about the possible impact of the investigation on its operations and revenues in China.
Details of the investigation have not been released, but CNN says the move is yet another twist in the escalating battle for dominance in the field of AI, which the US and China say is critical to national security, while tech companies often find themselves in the crossfire.
Nvidia's dominance in artificial intelligence and high-performance computing makes it a major player in China, where these technologies are critical to progress in sectors such as autonomous driving, financial modeling and the development of smart cities.
Earlier this year, Nvidia overtook Apple in market value for the first time since 2002. With the development of artificial intelligence technologies, the relentless growth of the corporation has increased its market capitalization.
The presentation of new Nvidia video cards will take place in January 2025. If the rumors are to be believed, the RTX 5090 will be a real "monster" video card with 32 GB of memory and 600 W power consumption. Around the same time, AMD will release new RDNA 4 (Radeon 8000) graphics cards.
Also, Nvidia may be preparing to release the first line of its own processors for consumer PCs. Today's PC industry is in desperate need of innovation, and the chip giant decided to take advantage of that.
