On July 31, the agency summoned Nvidia executives over alleged “serious security issues”. In a statement, the CAC claimed that US AI experts had revealed Nvidia’s chips have location tracking and can be shut down remotely — a claim strongly disputed by Nvidia.

Nvidia is reportedly working on a new AI chip for the Chinese market, which is expected to surpass the capabilities of its current H20 model. This development is based on the company's latest Blackwell architecture,

Nvidia, Palantir and other superstar AI stocks are under pressure again and dragging Wall Street lower. NEW YORK (AP) — Nvidia, Palantir and other superstar stocks that surged in the mania surrounding artificial-intelligence technology are dragging Wall Street lower again on Wednesday.

Insatiable” AI demand and revenue opportunities from China are leading analysts to raise their price targets as Nvidia prepares to report earnings.

The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3.5%.