Nvidia shares fall on Wednesday, company denies it received a subpoena from the Department of Justice
Publishing timestamp: 2024-09-04 19:24:07
Summary
Nvidia's stock dropped nearly 10% after reports of a subpoena from the Department of Justice as part of an antitrust investigation. The company denied receiving a subpoena, but the DOJ is asking questions about Nvidia's dominance in the market for data center AI chips. Nvidia's rise in recent years has been tied to its AI chip dominance, with top customers including Microsoft, Alphabet, Meta, Amazon, and Tesla. The company has been expanding its offerings to move from being a parts supplier to a systems provider.
Sentiment: MIXED
Tickers: NVDA,
Keywords: semiconductor device manufacturing, jensen huang, business news, nvidia corp, business, stock markets, apple inc, technology, breaking news: technology,