đ¨ DOJ's #SUBPOENA TO NVIDIA đ¨
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.
đNVIDIA 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.
đ˘ In response, NVIDIA has emphasized that its products are chosen based on merit, and it continues to see strong demand from its customers.
â˘ď¸ 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.
