Nvidia rises, EU says no 'formal investigation' into AI after French raid
Justin Sullivan

Nvidia (NASDAQ:NVDA) shares rose more than 1% in pre-market trading on Monday after regulators in the European Union said that there is no "formal investigation" into artificial intelligence processors.
"There is no formal investigation by the Commission into the matter you refer to," a spokesperson told Reuters.

Last week, the French antitrust regulator reportedly raided Nvidia's (NVDA) offices over concerns of anticompetitive practices.
The AutoritÃ© de la concurrence did not mention Nvidia (NVDA) by name, but said it had conducted a raid for a company "suspected of engaging in anticompetitive practices in the graphics cards sector."
"Such dawn raids do not presuppose a breach of the law that could be imputed to the company, which only a full investigation into the merits of the case could establish," it added.
AMD (AMD), Intel (INTC) and Marvell Technology (MRVL) also moved higher in pre-market trading on Monday.


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