Nvidia shares slip after China opens investigation over possible violation of antimonopoly law

News Snapshot:

NVIDIA founder, President and CEO Jensen Huang speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center on September 27, 2024 in Washington, DC. Nvidia shares were under pressure Monday after a Chinese regulator said it was investigating the chipmaker over possible violations to the country's antimonopoly law. Shares slipped about 2% before the bell. The State Administration for Market Regulation opened an investigation into the chipmaker in relation to acquisition of Mellanox, the Chinese government said Monday. "In recent days, due to Nvidia's suspected violation of China's anti-monopoly law...