News out of Oracle, AMD and Nvidia weighed on tech stocks in the U.S.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeafter a regulator in China said it was investigating the chipmaker over possible violations of the country's antimonopoly law.
Technology stocks have underpinned the impressive rally in US stocks this year. But they are not immune from the laws of gravity.. But perhaps the biggest news of the day concerned Nvidia, whose shares have surged an astounding 188% this year. China's State Administration for Market Regulation opened an investigation into the chipmaker in relation to the acquisition of Mellanox and some agreements made during the acquisition. The news prompted Nvidia's shares to fall 2.6% overnight.
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