Nvidia has surpassed Tesla as Wall Street's most traded stock by value, demonstrating its market dominance.
The French antitrust agency is poised to prosecute Nvidia with suspected anticompetitive activities, marking the chip maker's first enforcement action.
The allegations come after dawn raids in the graphics card sector in September last year, as part of a larger investigation into cloud computing that specifically targeted Nvidia.
The introduction of the generative AI application ChatGPT has considerably raised demand for Nvidia CPUs, prompting regulatory attention in both Europe and the United States.
A recent assessment by the French watchdog underlined the possibility of exploitation by chip providers and voiced concern about the industry's reliance on Nvidia's CUDA chip programming tools.
Nvidia might face fines of up to 10% of its global annual revenue for violating French antitrust laws, while the US Department of Justice and the Federal Trade Commission are also looking into the business.