Shares of Nvidia dropped over 2% Monday following China’s announcement of an antitrust investigation into the company. The probe reportedly focuses on Nvidia's 2019 acquisition of Mellanox Technologies for nearly $7 billion, though details remain sparse. Nvidia, which generates 16% of its revenue from China, is cooperating with regulators. Nvidia shares are up 180% this year, driven by soaring AI demand that boosted its market value to $3.5 trillion.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shares of NVIDIA dropped over 2% Monday following China's announcement of an
00:06antitrust investigation into the company. The probe reportedly focuses on NVIDIA's
00:102019 acquisition of Melonyx Technologies for nearly $7 billion, though details remain sparse.
00:16NVIDIA, which generates 60% of its revenue from China, stated it is cooperating with regulators.
00:21NVIDIA's shares are up 180% this year,
00:24driven by soaring AI demand that boosted its market value to $3.5 trillion.
00:30For all things money, visit Benzinga.com slash GSTV.