China is probing Nvidia on suspicion of anti-monopoly law breaches; shares fall

China has launched an investigation into Nvidia Corp . (NASDAQ:NVDA ) over allegations of violating anti-monopoly regulations, China Central Television said in a report Monday.

Nvidia shares fell more than 2% in premarket trading.

The State Administration for Market Regulation is examining the chipmaker’s recent actions.

Nvidia, a dominant player in the AI chip market, has found itself at the center of the escalating tech competition between the US and China.

Restrictions imposed by Washington prevent the company from selling its most advanced chips to Chinese firms, limiting their capacity to advance AI technologies—a move that has sparked criticism from Beijing.

Nvidia has made several efforts to design AI chips that adhere to US export rules while still providing Chinese clients with tools to develop key technology.

Source: Investing.com