Nvidia offices in France raided over suspected anti-competition practices - report
Justin Sullivan
The French antitrust regulator raided chip giant Nvidia's (NASDAQ:NVDA) offices in the country this week over suspected anticompetitive practices, the Wall Street Journal reported.
The AutoritÃ© de la concurrence did not mention Nvidia (NVDA) by name, and the California-based company declined to comment on the matter.
The regulator said its investigation services conducted "a dawn raid at the offices of 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.
The raid followed a June report by the regulator on competition in the cloud computing market, although it didn't cite Nvidia (NVDA) specifically.
"Competition authorities will have to monitor that established players do not hinder the development of smaller or new players based on these technologies," it'd said.
As the AI hype rages on, demand for Nvidia's (NVDA) chips has surged and its jaw-dropping sales outlook pushed its market cap beyond $1T in June.
Citi had forecast that Nvidia (NVDA) would have an over 90% market share in AI chips as it introduces more powerful versions of the hardware.

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