Nvidia faces first antitrust allegations

Reuters reported on Monday that Nvidia could soon be charged with violating antitrust laws in France. If that happens, it would be the first time the country has brought such charges against a U.S. chipmaker. While the exact nature of the potential charges is unclear, they are likely to involve its highly coveted graphics cards — last year, French antitrust inspectors raided Nvidia’s Paris offices, citing concerns about the cards. Regulators in the U.S., U.K. and elsewhere in Europe are also believed to be investigating Nvidia’s business practices. The chipmaker, worth about $3 trillion, controls about 80% of the global AI chip market, and its success briefly made it the world’s most valuable company in June.