Nvidia Receives DOJ Subpoena In Antitrust Investigation: What To Know
Portfolio Pulse from Erica Kollmann
Nvidia Corp (NASDAQ:NVDA) is under investigation by the DOJ for potential antitrust violations, causing its stock to drop. The DOJ is examining if Nvidia penalizes customers who don't exclusively use its chips. Despite the investigation, analysts remain largely positive on Nvidia's stock outlook.
September 03, 2024 | 9:24 pm
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Nvidia is under DOJ investigation for potential antitrust violations, which has led to a drop in its stock price. The investigation focuses on whether Nvidia penalizes customers who don't exclusively use its chips. Despite this, analysts maintain a positive outlook on the stock.
The DOJ's antitrust investigation into Nvidia is a significant legal issue that has already impacted the stock price negatively, as seen by the after-hours trading drop. The investigation's focus on potential penalties for non-exclusive chip use could affect Nvidia's business practices and customer relationships. However, the strong positive sentiment from analysts suggests that the market may view this as a temporary setback, with potential for recovery.
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