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 ByteDance, Tencent 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.
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