Nvidia slides after China says it's probing the AI chip company for violating anti-monopoly laws

  • 📰 ksatnews
  • ⏱ Reading Time:
  • 38 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Business Notícia

Technology

Shares of Nvidia slid early Monday after China said it is investigating the high-flying U.S. microchip company over suspected violations of Chinese anti-monopoly laws.

2 hours agoNew Gregg Popovich mural honors legacy, impact on Spurs and San AntonioGet ready for Insider Deals that offer great savings on gift ideas, home essentials and hair care products.Read full article: Save big on gifts, home essentials and hair care with these Insider DealsThese JBL speakers are 40% during Cyber Week and come in 4 colorsFILE - A sign to a Nvidia office building is shown in Santa Clara, Calif., on Aug. 7, 2024.

Nvidia's shares have nearly tripled this year with the California company revenue and profit soaring on AI demand. According to data firm FactSet, about 16% of Nvidia's revenue comes from China, second only to its U.S.-generated revenue.release, Nvidia posted revenue of $35.08 billion, up 94% from $18.12 billion a year ago. Nvidia earned $19.31 billion in the quarter, more than double the $9.24 billion it posted in last year’s third quarter.

Nvidia’s invention of graphics processor chips, or GPUs, in 1999 helped spark the growth of the PC gaming market and redefined computer graphics. Unlike Intel, Nvidia designs but doesn’t manufacture its own chips, relying heavily on Taiwan Semiconductor Manufacturing Co., an Intel rival.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 442. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

10 things to watch in the stock market Monday, including Tesla and NvidiaWall Street is on track to extend its postelection rally Monday.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »