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7mo ago

Nvidia Refutes DOJ Subpoena Claims Amid Antitrust Scrutiny

The tech giant asserts it has not been formally subpoenaed, despite reports of a civil investigative demand from the Justice Department.

Overview

  • Nvidia's stock fell 9.5% following reports of a DOJ antitrust probe.
  • The company clarified it received a civil investigative demand, not a subpoena.
  • Senator Elizabeth Warren supports the investigation into Nvidia's market practices.
  • The DOJ is examining Nvidia's acquisition of Run:AI and potential anti-competitive tactics.
  • Legal experts suggest Nvidia should prepare for possible outcomes, including lawsuits.