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fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow 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.

fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. The probe serves as the latest escalation of a growing battle for AI dominance, which both the United States and China believe is crucial for national security.

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.

fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. 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.

fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Free stock selection service with professional advisors offering the best investment portfolio for stable 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.

fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. 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.

fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. 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.

fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. Senior US officials have also accused China of stealing American-made AI software, which Beijing denies.

fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. 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.

fsn e (nykaa) hits 52 week high ✌️【Risk Management】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. 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 Exclusive Stock Market Insights 】’s Fred He, Juliana Liu, Sean Lyngaas, Wayne Chang and Rosa de Acosta contributed to this report.

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