CNBC's Kristina Partsinevelos joins 'Money Movers' to discuss how chipmaker Nvidia is caught in the crossfire of U.S. trade negotiations.

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

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Chinese regulators have announced that Nvidia violated antitrust laws with its 2020 acquisition of Mellanox, a deal previously approved with conditions. The timing of the announcement aligns with ongoing US-China trade negotiations and follows recent US restrictions on chip exports to China.

Nvidia has not commented on the probe, but the news has led to a decline in its share price and broader semiconductor stocks. The investigation is seen as part of China's broader strategy to gain leverage in trade talks, while also pushing domestic companies to reduce reliance on US technology. The immediate financial impact on Nvidia appears limited, as recent sales of its H20 AI chips to China have not yet commenced.

Nvidia caught in trade tensions

U.S.-China trade talks now facing even higher stakes after Chinese regulators announced today that NVIDIA violated one of its antitrust laws with its 2020 acquisition of Mellanox. Our Cristina Parzinievelos has more on that in today's Tech Check. The going back a ways on this one, KP. Yeah, they are. So five years. Well, China's market regulator, like you said, announced this morning that NVIDIA violated anti-monopoly law. But this isn't really about antitrust. It's about leverage. Beijing launched this probe, to your point, Carl, in December. Just one week after Washington unveiled tougher chip export controls and conveniently announced the, quote, violation today, as U.S.-China trade negotiations are meeting in Madrid this week. The alleged breach involves NVIDIA's 2020 Mellanox acquisition, which was a deal China approved with conditions five years ago. So why act now? Pure posturing to gain negotiating power. NVIDIA isn't commenting on this story just yet, but shares, as you can see, are down over one and a half percent, and the selling pressure really extends across semiconductors. The SOX index rose about four percent last week on AI euphoria, but that rally may look vulnerable right now. China also launched an anti-dumping probe Saturday, targeting U.S. analog chip suppliers like Texas Instruments, and that's why you can see its shares are down almost three percent right now. But for NVIDIA investors, the bigger worry is that revenue upside hinges partially on China demand. The U.S. recently granted NVIDIA licenses to sell their H20 AI chips into China, but shipments haven't started because Chinese cloud customers need Beijing's final approval. That approval is now clearly part of China's negotiating strategy. But the immediate financial impact may be limited. NVIDIA already reported no H20 sales to China-based customers in the second quarter, saying those sales hadn't reached the country yet. Still, China knows the U.S. wants to keep them dependent on American AI compute, so they're aggressively pushing domestic manufacturers to avoid U.S. tech at all costs. This limits NVIDIA's upside potential on revenues and earnings. So it's more of a possible long-term hit, Sarah.

HBO's medical drama, "The Pitt" beat out heavily-favored Apple TV's "Severance" for outstanding drama series at the Emmy Awards. Meanwhile, Apple TV's "The Studio" walked away with 13 awards and broke the Emmy record for the most wins by a comedy in a single season.

Los Angeles

"The Pitt," "The Studio," and "Adolescence" win big at Emmy Awards

U.S. Secretary of State Marco Rubio arrived in Israel on Sunday to meet with Prime Minister Benjamin Netanyahu and other officials amid the nation's recent strike in Doha, Qatar, and intensified attacks in Northern Gaza.

Jerusalem

Israel hosts U.S. Secretary of State Marco Rubio

Over the weekend, tens of thousands of people marched through London in a rally billed as in support of free speech. Many of the chants and speeches at the rally, which was organized by a far-right activist, were protesting against immigration.

London

Thousands in London march in rally organized by far-right activist

U.S. and Chinese officials concluded a first day of talks in Madrid on their strained trade ties, a looming divestiture deadline for Chinese short-video app TikTok, amid Washington's demands that its allies place tariffs on imports from China over its purchases of Russian oil.

Madrid

U.S., China begin trade talks in Spain as TikTok deadline looms

Police are searching for a motive in Wednesday's killing of conservative activist and influencer Charlie Kirk. Authorities say interviews with family and friends of the 22-year-old suspect suggest he could have been radicalized in the dark corners of the internet.

Orem

Charlie Kirk shooting suspect 'not cooperating' with authorities

U.S. Secretary of State Marco Rubio said ahead of the trip that he will be seeking answers from Israeli officials about how they see the way forward in Gaza. Rubio's trip comes after Israel's attack on Hamas leaders in Qatar that upended efforts to broker an end to the conflict.

Middle East Conflict

U.S. Secretary of State Marco Rubio in Israel for talks

Five U.S. F-35 fighter jets landed in Puerto Rico amid escalating tensions with Venezuela. Separately, Caracas said 18 armed U.S. Navy personnel raided a tuna boat sailing in Venezuelan waters.

San Juan

U.S. sends jets to Puerto Rico amid escalating tensions with Venezuela

U.S. President Donald Trump said he believes the Russia-Ukraine war would end if all NATO countries stopped buying oil from Russia and placed tariffs on China of 50 percent to 100 percent for its purchases of Russian petroleum.

Washington

Trump calls on NATO members to stop purchasing Russian oil

U.S. Secretary of State Marco Rubio arrived in Israel on Sunday, as Israel intensified its attacks against northern Gaza. The trip is taking place after President Donald Trump rebuked Israel over the unprecedented attack against Hamas leaders meeting in Doha.

Tel Aviv-Yafo

Marco Rubio visits Israel to push for Gaza ceasefire talks

NATO announced plans to beef up the defense of Europe's eastern flank on Friday, two days after Poland shot down drones that had violated its airspace in the first known action of its kind by a member of the Western alliance during Russia's war in Ukraine.

Warsaw

Ukraine Invasion

NATO bolsters its eastern flank after Russian drones hit Poland

Protests broke out in Chicago on Saturday against President Trump's immigration crackdown. A group of Catholic clergy led what they called a "People's Mass" outside the Great Lakes Naval Base. The base will also be used by Immigration and Customs Enforcement as a staging area for deportations.

Chicago

Tensions over immigration escalate in Chicago

More than 100,000 people took to the streets in London on Saturday, in what's believed to be the largest anti-immigration protest in British history. Organizers called it a "Unite the Kingdom" rally.

Huge crowds march for right-wing "Unite the Kingdom" rally in London

President Trump signaled a new position on Russia's war with Ukraine. He said the U.S. will agree to additional sanctions on Moscow, but only when NATO allies stop buying Russian oil. Willie James Inman has more details.

Trump says NATO must stop buying Russian oil

Tyler Robinson, the 22-year-old suspect in the murder of conservative activist Charlie Kirk, is being held in Spanish Fork, Utah. Officials have yet to identify a precise motive for Wednesday's shooting. Carter Evans has new developments.

Suspect's family says he recently became more political

NATO has launched operation Eastern Sentry to bolster its presence along the eastern flank of Europe, after Russian drones were found in Poland on Wednesday. Meanwhile, U.S. President Donald Trump is calling on all treaty members to increase economic pressures on Russia.

Trump calls on NATO members to impose sanctions on Russia

More than 100,000 people marched through central London on Saturday in a 'Unite the Kingdom' demonstration against immigration organized by far-right activist Tommy Robinson. Police said a number of officers were assaulted.

Thousands in London march against immigration

A former chief justice has been sworn in as Nepal's interim prime minister. For many people, Sushila Karki's appointment promises change. Days of violence and anti-government protests left at least 51 people dead.

Kathmandu

Curfew lifted in Kathmandu, violence in Nepal eases

A civil war within the Sinaloa cartel in western Mexico has forced thousands of people to abandon their villages. Rival factions are battling for territory and control. Communities caught in the middle of the violence are demanding change.

Culiacán

Mexico’s Sinaloa cartel war displaces thousands

The man accused of killing conservative commentator and activist Charlie Kirk is being held without bail in a Utah jail. Meanwhile, vigils and memorials across the country honored Kirk as his widow made her first public remarks since his death.

Charlie Kirk shooting suspect held without bail

President Trump has backed down on his plans to send the National Guard to Chicago, for now. Instead, he told Fox News that federal troops will be deployed to a different city.

Trump backs down on sending National Guard to Chicago

A suspect is in custody after the deadly shooting of conservative activist Charlie Kirk. Authorities say 22-year-old Tyler Robinson is being held at Utah County Jail, pending formal state charges, which are expected to be filed on Tuesday. CBS News' Andres Gutierrez and Anna Schecter have more.

What we know about the Charlie Kirk shooting suspect's arrest

The United Nations General Assembly has overwhelmingly voted to endorse a declaration outlining "tangible, timebound, and irreversible steps" towards a two-state solution between Israel and the Palestinians ahead of a meeting of world leaders.

New York

UN endorses two-state solution declaration that condemns Hamas

In Tunisia, the humanitarian aid flotilla for Gaza is set to leave Tunis. About 40 boats will try to deliver aid to the Palestinians under blockade. In Tunisia the departure was not easy, as two boats from the flotilla were subject to reported drone attacks.

Tunis

Gaza aid flotilla prepares to set sail after reported drone attacks

Brazil's Supreme Court has sentenced firebrand ex-president Jair Bolsonaro to 27 years in prison for coup plotting at the end of a landmark trial that divided the nation and drew U.S. fury.

Brasilia

Brazil's ex-president Jair Bolsonaro sentenced to 27 years in prison

Israeli Prime Minister Benjamin Netanyahu signed an agreement to push ahead with a controversial settlement expansion plan that would cut across land that the Palestinians seek for a state. "There will never be a Palestinian state. This place is ours," Netanyahu said.

Netanyahu signs West Bank settlement expansion plan

The United Nations Security Council has condemned the Israeli attack on the Qatari capital Doha on Tuesday and called for de-escalation in a statement agreed by all 15 members, including Israel’s chief ally, the United States.

Doha

UNSC members condemn Israel over deadly strike on Qatar

Ryan Routh, accused of attempting to assassinate former President Trump in South Florida last year, is representing himself in court. As the trial opened, Routh forfeited his chance to deliver an opening statement, setting the stage for proceedings.

Nvidia caught in trade tensions

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