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why is precision metaliks limited (precision) rising ✌️【Profit Maximization】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. China has opened an antitrust investigation into American chipmaker Nvidia, the world’s largest provider of processors that power artificial intelligence, according to Chinese state media.

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China Central Televisionin a report Monday said the Chinese government believes Nvidia’s purchase of Israeli networking company Mellanox could violate the country’s anti-monopoly laws, though the report did not specify what the merger did to potentially break the law.China approved the acquisitionin 2020.

why is precision metaliks limited (precision) rising ✌️【Profit Maximization】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. Nvidia (NVDA) shares fell less than 2% in premarket trading Monday. The stock is among the hottest on the market, surging nearly 200% this year as the AI boom has fueled demand for the company’s chips. Its market value is more than $3 trillion, second only to Apple.

why is precision metaliks limited (precision) rising ✌️【Profit Maximization】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. The tit-for-tat China-US chip war has entered a new phase this month, after the Biden administration imposed another round of restrictions onhigh tech memory chip salesto China a week ago. The memory chips are different than the graphics processors Nvidia makes, but they are also crucial technology that helps power AI.

why is precision metaliks limited (precision) rising ✌️【Profit Maximization】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. The administration’s new export controls are the third such round of chip sales restrictions to China. The United States fears that China could use AI to gain a military advantage, and US Commerce Department officials said they believed the restrictions would slow China’s development of AI chips — and industry experts believe the US government’s plan will work.

But China’s Commerce Ministry lambasted the United States’ restrictions, saying they pose “a significant threat” to the stability of global supply chains. China’s governmentretaliated last weekby banning the sale of materials essential for manufacturing the chips, including germanium and gallium.

why is precision metaliks limited (precision) rising ✌️【Profit Maximization】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. A year ago, China had curbed the sale of those materials but created loopholes that allowed for some sales to continue. Those have now been closed.

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why is precision metaliks limited (precision) rising ✌️【Profit Maximization】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. The Nvidia investigation ups the ante. The company is the face of the AI tech revolution and hurting Nvidia could harm the American company’s ambitions to continue to power AI around the world.

In addition to curbing materials and chips sales, both China and the United States are trying to bolster their own development and manufacturing of microprocessors at home.

why is precision metaliks limited (precision) rising ✌️【Profit Maximization】✌️ Precise stock selection service to help you avoid losses and quickly recover and grow. Provides real-time global market, metals, energy, and agricultural product data to assist you in making informed decisions. Through the CHIPS Act, the Biden administration has pumped billions of dollars into Intel and other companies to boost domestic production of chips and reduce America’s reliance on China and other foreign countries for the technology. Meanwhile, China in May announced plans to set up its largest-ever semiconductor state investment fundworth $47.5 billion, funded by investments from six of the country’s largest state-owned banks.

【 - Free Smart Investment Opportunities 】’s Fred He, Juliana Liu, Sean Lyngaas, Wayne Chang and Rosa de Acosta contributed to this report.

why is precision metaliks limited (precision) rising ✌️【Profit Maximization】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Smart Investment Opportunities 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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