Shares of Nvidia experienced a decline on Monday following the announcement that China is conducting an investigation into the U.S. microchip company for potential violations of Chinese anti-monopoly laws. The investigation appears to be centered around Nvidia's acquisition of Mellanox in 2019, with Chinese regulators releasing limited details on the matter.
As a result of this news, Nvidia's shares dropped by 2.5% in morning trading on Monday, falling below $140 per share. Nvidia is recognized as a key player in the artificial intelligence sector, with its chips and data centers being heavily utilized by tech giants for AI-related operations.
