French Antitrust Regulators to Charge Nvidia (Reuters, $NVDA) Over Anti-Competitive Practices

Jul 1, 2024, 03:27 PM

French antitrust regulators are preparing to charge Nvidia with alleged anti-competitive practices, according to sources. This marks the first enforcement action against Nvidia by French authorities. The charges come after dawn raids in the graphics card sector last September, which were part of a broader inquiry into cloud computing. Nvidia, the world's most valuable chipmaker, faces increased regulatory scrutiny as it continues to grow in value. Companies found guilty of such practices risk fines of up to 10% of their global annual turnover, though they may offer concessions to avoid penalties. The information was reported by Reuters, and Nvidia is listed under the ticker $NVDA.