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What’s Going On With Nvidia Stock On Friday?

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NVIDIA Corporation (NASDAQ:NVDA) is trading lower today. New Street Research analyst Pierre Ferragu downgraded NVDA from Buy to Neutral.

In another development, European Union competition chief Margrethe Vestager has reportedly highlighted a significant “bottleneck” in the Nvidia AI chips supply.

Despite the concern, regulators have not yet decided on any specific actions to address the issue. Vestager stated that they are still in the preliminary stages of investigation, asking questions but not yet taking regulatory action, reported Bloomberg.

Nvidia has become a focal point for regulators due to its significant role in the artificial intelligence (AI) sector. The company’s GPUs are essential for data centers, making them highly sought after by cloud computing providers.

Nvidia’s H100 processing units have secured the company over 80% market share, outpacing competitors Intel Corp. (NASDAQ:INTC) and Advanced Micro Devices Inc. (NASDAQ:AMD).

Also Read: Is Nvidia Defying US Export Controls? What’s Going On?

Vestager mentioned that while secondary markets for AI chips could promote innovation and fair competition, companies with a dominant market position might face …

Full story available on Benzinga.com

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