Nvidia loses $263B after selloff; DoJ steps up antitrust probe into chipmaker By

-- Nvidia (NASDAQ:) lost about about $263 billion in value on What are the formal foreign exchange trading platformsTuesday after the artificial intelligence chip giant suffered a major selloff as investors hit pause on the AI trade. 

Nvidia fell more than 9% on Tuesday, with other chip stocks including AMD (NASDAQ:), Intel (NASDAQ:) and Broadcom (NASDAQ:) also suffering major losses. 

The selloff came ahead of reports after the closing bell that Nvidia has been subpoenaed by the U.S. Justice Department, seeking evidence that the chipmaker as well as others violated antitrust laws. The subpoenaed marked an acceleration into its probe of the Nvidia's AI chip market dominance.

The DoJ has previously launched two separate investigations into the chipmaker amid antitrust concerns about the company's AI business dealings.    

 

  

 

 

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!