Nvidia Denies DOJ Antitrust Subpoena Amid Market Volatility

Nvidia has denied reports that it received an antitrust subpoena from the DOJ, following claims made by Bloomberg. The company confirmed it inquired with the DOJ and was not subpoenaed but remains open to addressing any regulatory concerns. The initial report suggested Nvidia was under investigation for limiting competition and penalizing buyers who don't exclusively use its AI suite. $278 billion was wiped from its market cap following the initial reports.

After Nvidia's denial, its share price recovered slightly.

Source: Cointelegraph