Nvidia (NVDA) shares are trading lower after news that China has opened an antitrust probe into the artificial intelligence (AI) chip maker. The company is also facing a US antitrust investigation. The Futurum Group CEO Daniel Newman joins Morning Brief with Seana Smith and Brad Smith to discuss his read on the probe and what it means for Nvidia as well as US-China trade relations. “Nobody should be surprised to hear about an ongoing set of probes against Nvidia, especially coming from China,” Newman says, explaining there are “two sides to this one:” the “ongoing microaggressions that exist between Chinese and US firms” and “China [continuing] to struggle to keep up with the most leading edge advanced AI chip” so “they probably want to do what they can to slow US firms down.” The US has limited the export of semiconductors to China to minimize China’s access to advanced chips. President-elect Donald Trump has said he plans to enforce a 60% tariff on Chinese goods. “I think what we have here is really more of a macro geopolitical strain than a real problem, but Nvidia is so successful that they’re going to get probed by every regulator in the world over the next few years.”
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