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China opens an antitrust investigation into Nvidia
Nvidia’s AI chip business is under pressure.
Since then, the boom in demand for AI chips and servers has driven Nvidia’s value from under $200 billion to over $3 trillion in 2024, surpassing Microsoft, Apple, and Google. According to Bloomberg, Chinese regulators say Nvidia failed to follow agreements to provide new Mellanox product information within 90 days to other chipmaking firms in the country to avoid a monopoly. The Biden administration also placed new sanctions on China last week to make it more difficult to produce advanced AI chips there, as it also restricts the capabilities of exports by companies like Nvidia.
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