Nvidia Shares Dip Following China's Investigation Announcement

Nvidia shares fell in pre-market trading after a Chinese regulator announced it was investigating the chipmaker for potential violations of the country's antitrust laws. Nvidia shares are trading down 2% at $139.61. The Chinese government announced on Monday that the State Administration for Market Regulation had opened an investigation into the chipmaker. This news comes during a period of heightened competition between the U.S. and China, with the U.S. having halted the sale of the company's most advanced artificial intelligence chips in the world's second-largest economy to limit the strengthening of the country's military.