(Boursier.com) — The French competition authority reportedly raided the local offices of the American processor giant Nvidia, indicated the Wall Street Journal yesterday Thursday. The authority revealed this search on Wednesday morning without specifying the practices targeted or the group concerned, just specifying that the “raid” concerned the graphics card sector. This week’s operation would follow a broader investigation into the cloud computing sector over concerns that industry groups are using their access to computing power to exclude smaller competitors, Reuters adds. The Wall Street Journal therefore affirms that this week’s operation was indeed aimed at Nvidia, a graphics and AI chip giant and a big star on Wall Street in recent months. The WSJ raises suspicions of anti-competitive practices.
Nvidia’s stock price has tripled this year and its market capitalization now exceeds $1,000 billion, with strong demand for artificial intelligence products.
©2023 Boursier.com