Nvidia (NASDAQ: NVDA) Stock Falls as Reports Emerge of US Antitrust Probe

LONDON – On Friday, Nvidia (NASDAQ: NVDA) shares fell 3.44% in pre-market trading, following media reports of the U.S. government launching an antitrust probe into the company following complaints from rival chipmakers, and alongside a broad sell-off in tech stocks.

The Information reported on Thursday that the Department of Justice has launched an investigation into Nvidia after competitors said it may have abused its market dominance in selling chips that power artificial intelligence.

Nvidia (NASDAQ: NVDA) shares closed down 6.7% on Thursday in New York, some 22% below June’s record high, following a rout in technology global stocks throughout July.

Shares in the company were down 2.3% in Frankfurt and 3.44% on Nasdaq.

(Source: ReutersReuters)

NASDAQ: NVDA Nvidia

Jennifer Tacker

Jennifer Tacker is a staff writer at ABBO News. She holds a B.A. from the University of Waterloo and a B.Ed from Western University. Jennifer has been active in the stock market and crypto sector for a decade. She specializes in technical analysis and trading strategies.

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