Nvidia shares fell 2.43% in Monday’s pre-market after China extended its anti-monopoly probe into the U.S. chipmaker, citing violations tied to its 2020 Mellanox acquisition. Beijing alleges Nvidia broke conditions of the deal’s approval, escalating tensions amid U.S.-China trade talks in Madrid. The investigation comes as China pushes for homegrown AI chips, with experts urging domestic development to reduce dependence. The extended antitrust probe and China’s push for domestic AI chips could reshape the regional semiconductor industry. Nvidia has surged 28% year-to-date in 2025, leading the Magnificent Seven group. Deutsche Bank analysts warn of a possible U.S. market bubble, citing Nvidia’s market cap surpassing nearly all global stock exchanges as a red flag.
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