Nvidia Corp., a leading semiconductor and artificial-intelligence company, is under investigation by Chinese regulators over antitrust concerns. The probe is significant because Nvidia generates 15% of its Q3 revenue from China, which could impact the stock’s performance.
The investigation was reported to have been initiated by China’s market regulator, but Nvidia did not confirm the news in a statement. However, the company offered to respond to any questions regulators may have raised. As a result, Nvidia shares are likely to continue their decline, marking a third-straight session of losses.
Source: https://www.marketwatch.com/story/nvidia-reportedly-facing-china-antitrust-probe-why-that-matters-for-the-stock-84456dcb