Nvidia's stock price declines following China's antimonopoly investigation probe.

• On Monday, Nvidia's shares were under pressure due to an investigation by a Chinese regulator into potential violations of the country's antimonopoly law.
• An investigation into the chipmaker regarding its acquisition of Mellanox has been launched by the State Administration for Market Regulation, according to a statement from the Chinese government on Monday.
• In an effort to hinder China's military growth, the U.S. has prohibited Nvidia and other crucial semiconductors from supplying their most advanced AI chips to the country.

On Monday, shares of the chipmaker were under pressure due to an investigation by a Chinese regulator into potential violations of the country's antimonopoly law.

Shares slipped about 2% before the bell.

An investigation into the chipmaker regarding its acquisition of Mellanox has been launched by the State Administration for Market Regulation, according to a statement from the Chinese government on Monday.

The State Administration for Market Regulation is investigating Nvidia for suspected violation of China's anti-monopoly law and restrictive conditions around its acquisition of Mellanox shares, according to a statement translated by CNBC.

Nvidia did not immediately respond to a request for comment.

The Biden administration has announced new restrictions on semiconductor toolmakers as competition between the U.S. and China over chipmaking capabilities intensifies.

The U.S. has intensified its restrictions on the sale of chips to the second-largest economy, excluding Nvidia and other critical semiconductors from selling their most advanced AI chips, in an attempt to prevent the country from enhancing its military capabilities.

The AI chip industry has experienced significant growth this year, with shares of the AI chip darling increasing by nearly 188%. This surge in demand has been fueled by investors' increasing confidence in the sector, which has been boosted by the successful debut of ChatGPT more than two years ago. As a result, the market has also reached new highs, thanks in part to the broader technology sector.

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— CNBC's Evelyn Cheng contributed reporting