01:48 PM EDT, 07/15/2024 (MT Newswires) -- (Adds Nvidia declining comment on reported investigation).

Nvidia ( NVDA ) is being investigated by French antitrust regulators who are close to charging the chipmaker with anti-competitive practices, Reuters reported on Monday, citing the president of France's Autorite de la Concurrence.

Agency president Benoit Coeure told the news service on the sidelines of a press briefing that it could soon levy charges against Nvidia ( NVDA ) "if the investigation is fruitful."

In an email message, Nvidia ( NVDA ) declined to comment on the report when contacted by MT Newswires on Monday. The French regulator did not return a message seeking confirmation of Coeure's remarks.

(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.)

Price: 127.90, Change: -1.34, Percent Change: -1.04