( ) -q-26- UNDATED (Correspondent Jeremy House) “their AI systems.” Shares of Nvidia slipped on Tuesday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws. [CutID: <Cuts> NVIDIA-CHINA-house-q-TUEam.mp3 Time: 26s Title: NVIDIA-CHINA-house-q-TUEam Out-cue: their AI systems] TAG: Correspondent Jeremy House reporting. ————————— VERBATIM: Chinese regulators appear […]
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Nvidia’s stock dips after China opens probe of the AI chip company
( ) -q-26- UNDATED (Correspondent Jeremy House) “their AI systems.”
Shares of Nvidia slipped on Tuesday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws.
[CutID: <Cuts> NVIDIA-CHINA-house-q-TUEam.mp3
Time: 26s
Title: NVIDIA-CHINA-house-q-TUEam
Out-cue: their AI systems]
TAG: Correspondent Jeremy House reporting.
—————————
VERBATIM: Chinese regulators appear to be looking into Nvidia’s $6.9 billion 2019 acquisition of network and data transmission company Mellanox. Considered a bellwether for artificial intelligence demand, Nvidia has led the AI sector to become one of the stock market’s biggest companies. Meanwhile, tech giants are spending heavily on Nvidia’s chips and data centers which are needed to train and operate their AI systems.