12:02 PM EDT, 07/05/2024 (MT Newswires) -- (Updates with Nvidia ( NVDA ) declining to comment in the fourth paragraph.)

Nvidia ( NVDA ) faces a "huge bottleneck" in its artificial intelligence chips and regulators are still deciding on any potential actions, Bloomberg News reported Friday, citing Margrethe Vestager, the European Union commissioner for competition.

"We have been asking them questions, but that is really preliminary," Vestager was quoted as saying in the report.

Despite the supply squeeze, secondary AI chip markets could boost innovation and fair competition, the report added, citing Vestager.

Nvidia's ( NVDA ) spokesperson declined MT Newswires' request for comment.

(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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