TECH - What's Going On With Nvidia Semiconductor Peers Monday? | Benzinga
Nvidia Corp (NASDAQ:NVDA) and peer semiconductor stocks, including Advanced Micro Devices, Inc (NASDAQ:AMD), are trading lower Monday following strength in the first half of 2024, driven by AI momentum.
Nvidia faces upcoming charges from French antitrust regulators. The charges allege anti-competitive practices, marking the first instance of such enforcement against Nvidia, Reuters reported.
French authorities initiated dawn raids in the graphics cards sector last September, explicitly targeting Nvidia. These raids culminated in a statement of objections and a formal charge sheet against the company.
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Since the release of the generative AI application ChatGPT late last year, Nvidia’s chip demand has surged, prompting increased regulatory scrutiny on both sides of the Atlantic. The company’s dominant position ...