Nvidia Stock Falls Nearly 3% In Monday Pre-Market: What's Going On?

Shares of Nvidia Corporation (NASDAQ:NVDA) fell 2.43% in Monday's pre-market trading after China's market regulator extended its anti-monopoly probe into the U.S. chipmaker, following preliminary findings that suggested possible violations.

China Probes Nvidia Over Mellanox Deal Amid AI push

The preliminary investigation into the Jensen Huang-led company has unveiled violations of China’s anti-monopoly law. The ongoing investigation is centered around Nvidia’s acquisition of Israeli chip designer Mellanox Technologies.

The Beijing authorities allege that the California-based firm violated the terms of the market regulator’s 2020 conditional approval of the deal. This news emerges amid the ongoing trade talks between the U.S. and China in Madrid.

 This investigation into Nvidia comes on the heels of China initiating two probes against the U.S. semiconductor sector, including an anti-dumping investigation. This move could potentially impact the ongoing trade discussions between ...