NVIDIA’S STOCK CRASHES IN HISTORIC $280B LOSS
Nvidia’s shares plunged 9.5%, wiping out a staggering $280 billion in market value, after the DOJ issued a subpoena as part of an antitrust investigation.
The DOJ is probing whether Nvidia is using its market dominance to penalize customers who don't exclusively use its AI and computer chips.
The sharp decline in Nvidia's stock is the largest single-day loss in the history of the U.S. stock market, signaling significant investor concerns over potential regulatory challenges ahead.
Source: Cointelegraph