11:56 AM EDT, 07/01/2024 (MT Newswires) -- (Adds Nvidia declining comment in fourth paragraph, more detail throughout.)

Nvidia ( NVDA ) will be charged with anticompetitive practices by French regulators, Reuters reported Monday, citing people with direct knowledge of the matter.

The move follows a September, 2023 raid by investigators from the Autorite de la Concurrence, France's competition authority, on a company - identified in media reports at the time as Nvidia ( NVDA ) - "suspected of having implemented anticompetitive practices in the graphics cards sector."

The French competition authority said an investigation does not "pre-suppose" a specific violation of the law or the existence of a larger investigation, if appropriate. The agency also did not identify the subject of its probe.

Nvidia ( NVDA ) declined to comment on the report when contacted Monday by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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