Nvidia Hit With Double Whammy As DOJ Probes On Heels Of Earnings Selloff, Market Reacts

Quick Summary:

So far, the month saw one of the largest single market cap declines in history: Nvidia (NASDAQ:NVDA) shed $279 billion on Tuesday, Sept.3.

Department of Justice (DOJ) subpoenaed Nvidia and other companies as part of an investigation into potential antitrust law violations.

The DOJ is concerned that Nvidia may be engaging in anti-competitive practices, such as penalizing customers who do not exclusively use its chips or making it difficult to switch to other suppliers.

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Article Details

Author / Journalist: Stjepan Kalinic

Category: Technology

Markets: United StatesFrance

Topics: AVGO Benzinga Top Stories US67066G1040 Tech Stories That Matter Tech SG9999006241 News Large Cap NVDA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 18:54:29 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22369231

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