NVIDIA's French Office Reportedly Raided by Competition Regulators
Bloomberg reports that French competition regulators have raided a business alleged to be engaging in "anti-competitive practices in the graphics cards sector," which the Wall Street Journal identified as NVIDIA. The dawn raid was authorized by a liberty and custody judge, France's competition authority said in its statement, where it did not name NVIDIA. The regulator clarified that raids "do not presuppose the existence of a breach of law, which only a full investigation into the merits of the case could establish, if appropriate."
It's pertinent to note here, that while the anti-competitive allegations concern "graphics cards," the allegation is that the company (identified by WSJ as NVIDIA) has cornered the AI GPU market, and which is responsible for the rise of NVIDIA as the largest hardware company in Silicon Valley by market capitalization. While NVIDIA's AI HPC processors lack any raster graphics components, they are still considered GPUs, as they are built on the same principles, and for the most part, share a microarchitecture with gaming GPUs. Meanwhile, Bloomberg notes that the NVIDIA stock remains completely unfazed by the developments in France. "The shares gained 1.5% to $430.89 at the close in New York trading Thursday, bringing their year-to-date gain to 195%," it wrote.
It's pertinent to note here, that while the anti-competitive allegations concern "graphics cards," the allegation is that the company (identified by WSJ as NVIDIA) has cornered the AI GPU market, and which is responsible for the rise of NVIDIA as the largest hardware company in Silicon Valley by market capitalization. While NVIDIA's AI HPC processors lack any raster graphics components, they are still considered GPUs, as they are built on the same principles, and for the most part, share a microarchitecture with gaming GPUs. Meanwhile, Bloomberg notes that the NVIDIA stock remains completely unfazed by the developments in France. "The shares gained 1.5% to $430.89 at the close in New York trading Thursday, bringing their year-to-date gain to 195%," it wrote.