Nvidia in Spotlight as Chinese Tech Giants Push for Domestic AI Solutions



Nvidia Corp (NASDAQ:NVDA) remained at the forefront of investor attention Monday amid reports of Chinese regulators instructing local tech firms to reduce their consumption of the key U.S. artificial intelligence chip designer.

China urged domestic tech firms, including TikTok parent ByteDanceTencent Holding Ltd (OTC:TCEHY), Alibaba Group Holding Limited  (NYSE:BABA), and Baidu Inc (NASDAQ:BIDU), to invest in more domestically made AI chips instead, the Information cites familiar sources. 

Also Read: Is Nvidia Benefiting From US Sanctions On …

Full story available on Benzinga.com


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