Nvidia Refutes Claims Of Reducing Supplies To China Amid Antitrust Investigation

Nvidia Corp. (NASDAQ:NVDA) has dismissed rumors circulating on social media suggesting it plans to decrease its supply of products to China. The company clarified through a post on Chinese social media that these claims are untrue.

What Happened: Nvidia emphasized the significance of the Chinese market, stating its commitment to delivering high-quality products and services to its customers in China. The company's statement comes amid an ongoing antitrust probe, which has heightened scrutiny on its operations, Reuters reported on Thursday.

See Also: Micron Technology Stock Jumps In Pre-Market After Securing $6.1B Investment For US Chip Manufacturing

Price Action: Nvidia stock fell by 0.55% on Thursday during the premarket hours, according to data from Benzinga Pro.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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