🚨 DOJ's
#SUBPOENA TO NVIDIA 🚨
The U.S Department of Justice (
#DOJ ) has issued a subpoena to NVIDIA as part of an escalating antitrust investigation. This move suggests that the DOJ is intensifying its probe into whether
#Nvidia , which has become a dominant force in AI hardware, might be violating antitrust laws.
📈NVIDIA has grown rapidly, particularly in the AI sector, where its chips are critical for data centers and AI models used by major companies like
#Microsoft and
#Meta . The DOJ's inquiry could have significant implications for NVIDIA, given its pivotal role in the tech supply chain.
📢 In response, NVIDIA has emphasized that its products are chosen based on merit, and it continues to see strong demand from its customers.
☢️ STOCK MARKET
The company's stock has taken a hit, dropping nearly 2% in after-hours trading following the news, on top of a 9.5% decline during the regular trading session.