“中方发出强烈信号，涉英伟达每年数十亿美元业务”

Core Viewpoint - Nvidia is facing increased regulatory scrutiny in China due to alleged antitrust violations, which adds uncertainty to its business operations in the region, where it generated 13% of its total sales last year [1][2]. Group 1: Regulatory Actions - Chinese regulatory authorities have initiated a further investigation into Nvidia for violating antitrust laws, following an initial investigation that began in December 2022 [1][4]. - The latest investigation is part of a broader effort by China to utilize regulatory tools to enhance its semiconductor capabilities and reduce reliance on foreign competitors [2][10]. Group 2: Market Impact - Following the announcement of the investigation, Nvidia's stock price fell by as much as 2.4% in pre-market trading, reflecting investor concerns about the potential impact on its business in China [1][6]. - Analysts express concern that new measures could restrict Nvidia's ability to sell network solutions to Chinese customers, a business valued at several billion dollars annually [5][10]. Group 3: Historical Context - The last significant antitrust investigation against a foreign tech company in China occurred in 2013, involving Qualcomm, which resulted in a substantial fine [8][10]. - The current situation indicates a shift in China's approach to enforcing antitrust laws against foreign companies, reflecting a growing confidence in its domestic technology sector [10]. Group 4: Financial Implications - Nvidia's revenue in China for the fiscal year 2024 was reported at $10.31 billion, representing a 78% year-over-year increase, which could lead to potential fines ranging from $10.3 million to $1.03 billion if violations are confirmed [10][11]. - If the violations are deemed particularly severe, fines could escalate to between $2.06 billion and $5.015 billion, significantly impacting Nvidia's financial standing [11].